davidguide on Jun 28th, 2008When Should You Start A Day Spa Business?
Not all day spas are the same and customers have learned this the hard way. They don’t all offer the same procedures and they don’t all offer the same level of service. You need to make sure you cover all aspects of what your customers will expect so that they do come back. You want [...]
davidguide on Jun 27th, 2008Its Time To Start Your Own Tanning Salon
Operating your own tanning salon may be your dream business, but you need to pay attention to some details. Otherwise this venture can quickly turn into a recurring nightmare that is quickly draining your bank account. People have certain expectations so you need to be prepared to meet them. You will find waiting for an [...]
davidguide on Jun 26th, 2008How Do Investors Read Business Plans
There are hundreds of thousands of business plans floating around and attempting to find a funding home. I receive hundreds of business plans annually myself, and can definitely state that 99% of these documents are laughable as presentations of an exciting investment opportunity. I am not referring to the value of the product being described, [...]
davidguide on Jun 25th, 2008Common Mistakes In Business Plans
Your business plan is typically the first impression potential lenders of investors get about your business idea. Even with a great product, team, and customers, and you are unable to convey to properly convey your image, it could be the last impression if your plan has some of the following, common mistakes.
Lenders and investors review [...]
davidguide on Jun 25th, 2008Is a Business Plan Necessary To Give To Investors?
A great question! I get this question quite often. When we screen companies to present at the private equity investor forums we put on for the Network of Business Angels and Investors, they complete a comprehensive application form and submit all the documents that they will provide to investors. Business plans communicate different information than [...]
davidguide on Jun 20th, 2008Raising Capital for Your Business
Starting a business takes money, and unless you are born wealthy or have won the lottery, you don’t have it (that is why you are starting a business, to make money). How do you raise money for your business? This is the step that prevents most entrepreneurs from even getting started. Raising money is the [...]
davidguide on Jun 20th, 2008Creating a Business Plan
Before embarking on writing a business plan, a definition of what a business plan is in order. A business plan is a document to identify an opportunity, research why this opportunity is profitable and the steps needed to capitalize on the opportunity. The business plan can be a formal document or it can be written [...]
davidguide on Jun 18th, 2008Making A Solid Spa Business Plan
One of the most exciting business opportunities for many seeking to run their own business is the spa business.
There are a great many unique and individual business opportunities in the world of spas, from running a nail salon to running a tanning salon to running a full service day spa or even a larger spa [...]
davidguide on Jun 17th, 2008How To Start A Tanning Salon
If you want to start a tanning bed salon then you are lining yourself up for a very lucrative business opportunity. Despite some negative press about tanning beds, the tanning bed business is booming. However, you know that you want to start a tanning bed salon business but you may not be sure of how [...]
davidguide on Jun 15th, 2008Risk Considerations in Business Planning – Business Plan Preparation Tip
It is amazing when I help entrepreneurs plan their businesses how many of them tell me the market is a 100 billion dollars, no competition and no risk. I try not to laugh, but I can never hold back the smile. The truth is there are risks in every business and the greater the opportunity, [...]