Why You Need to Know Your Competition

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When you start a business it is important to assess the competitive landscape so you have a strong sense as to who is targeting the same customers as you, what resources they have at their disposal and the bases on which they intend to compete i.e. product features, service quality, price, focus etc. Why? If… Read more »

The Lean Startup: Benefits and Criticisms

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The Lean Startup is a business approach that is synonymous with the work of Eric Ries (who has also published a book called The Lean Startup) and Stanford professor Steve Blank. It describes a new approach for startups and prescribes behaviours they should adapt to increase the likelihood that they will succeed. While the concept… Read more »

Switching your LivePlan to Full Financials

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If you’re using LivePlan to write and track your business plan you’ll want to make sure you expand your financials to include the following. These financial documents are required if you are seeking a bank loan or outside investment capital. They are also required if you’re submitting your completed LivePlan  into the “LivePlan $10,000 Boost”… Read more »