article thumbnail

How to Start a Business in a Month – #30DayChallenge

Up and Running

According to the SBA, 52% of all small businesses are home-based and of the 28 million small businesses in the US, 22 million of those are operated by people who consider themselves self-employed (they have no employees and no additional payroll). The SBA will also likely want to see your business plan. Do something at least.

article thumbnail

8 Key Ingredients to a Profitable Consulting Business

Startup Professionals Musings

Yet, according to statistics from the Small Business Association (SBA), over half of new businesses offer something else - personal professional services, including consulting, business coaching, and advisory services. The challenges for making money and survival in these professional services worlds are different, maybe even tougher.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

A Standard Business Plan Outline [Updated for 2017]

Up and Running

Finally, you’ll want to outline the key metrics you’ll be tracking to make sure your business is headed in the right direction. Key Metrics. Small Business Administration (SBA). Company and management summary. This section is an overview of who you are. Detailed business plan outline: 1.0 Executive Summary. Competition.

article thumbnail

How to Start a Brewery: Growing Your Own Craft Beer Business

Up and Running

Backed by a team of private local investors , ColdFire gained access to additional capital through an SBA loan. Loans from the Small Business Administration (SBA) can also be a good avenue, but from “bank to bank the SBA program is used differently,” says Patrick. Metrics: Know your numbers.

Oregon 24
article thumbnail

The Ultimate Guide to Starting a Software Company

Up and Running

The Complete Guide to SBA Loans. Step 8: Track your metrics. For many people, tracking metrics can seem like something scary, boring, or time-consuming. Tracking your key metrics will also help you figure out how to grow, and whether or not it’s a good time to do so. The benefits of tracking key metrics.

article thumbnail

How to Build Credit 101 for Small Business Owners

Up and Running

We witnessed this in April and May of this year as many small businesses were turned away from needed Paycheck Protection Program (PPP) funds offered by the SBA because they couldn’t meet the standard of “acceptable credit” required by the SBA and their lenders. FICO measures your score based upon these five data points: 1.

article thumbnail

8 Steps to Starting Your Own Business

Up and Running

Milestones and Metrics. Small Business Administration (SBA) Loans. If you do need to write a formal business plan document, you should follow the outline below. The standard business plan includes nine parts: The Executive Summary. Target Market. Products and Services. Marketing and Sales Plan. Company Overview. Management Team.