First-time startup founders have numerous checkpoints to hit, from administration to hiring to securing financing — and most importantly product and customers. As a result, given the volume and diversity of this work, starting a business feels disjointed and overwhelming, resulting in off-the-cuff decisions and business moves that take you nowhere.

A business plan helps founders and the team stay aligned with the business mission and vision as the business grows while helping present the strategy and tactics to potential investors and secure funds and partnerships. So it’s very important to know how to write a business plan. So in

For everyone trying to start a business, that step begins with conducting market research, then preparing a business plan, funding your business, selecting a location, choosing a business structure, finding the perfect brand name, registering your business, getting your tax IDs, licenses, and opening a business account. We understand that

For first time founders, a pitch deck equals ‘brand’. As your business is yet to prove its lasting success, you need to present its reputation, before it’s even earned any reputation. So there is a heightened sense of importance to build a great pitch deck. After all, the quality

In today’s market, businesses need to adapt quickly and continuously to stay competitive. A case in point? For the past eighteen months, where the pandemic drove hundreds of thousands of businesses out of work. According to WSJ, last year alone over 200,000 establishments more than the yearly average

A great business plan is a glue that holds together your business idea, market strategy, and customer intel. At the same time, it is a bite-size illustration of your business potential, suitable for investors to check the pulse of your venture easily. But, most first-time founders have difficulty getting their

Today, we wanted to walk you through the creation of a one-page business canvas by using Idea Plan. This way, you make the most out of Idea Plan capabilities and sense-check your business idea in its infancy. And given the flexible nature of Idea Plan, you can explore any gray

Building a business model is an important step in each aspect of your business journey. From pitching to investors to entering new markets or rolling out new products, your business model needs to tell a coherent story, where all elements of your business plan fit together. So, in this post,

Sure, you can try to flesh out your idea and plan your future business by using a Word document or spreadsheet. But a good business plan software makes the whole process a lot easier. These handy business tools help you structure your thoughts and build a business model that’s

One of the biggest factors of a startup’s success is a thorough business plan that includes reliable financial projections for startups. The more accurate financial projections you make, the higher is the probability of attracting investments. Also, it makes it easier to weather the market storm caused by the

Running a startup isn’t easy, but calculating your profit margin doesn’t have to be something that keeps you up at night. In fact, it’s pretty simple to calculate your profit margin and to figure out how you and your team can improve it. What is a profit

If you’ve thought about launching a startup at any time during the last ten years, chances are you’ve googled “what is lean startup methodology?” So, let’s start from the beginning. Entrepreneurs work on building their products for months or even years, impatiently waiting for them to be

Making realistic financial projections is one of the most important things for the survival of a startup. But many thought that this is a common practice used by big enterprises only. Now it’s time to rethink that idea. Financial projections are essential for businesses of all sizes, including startups,

From the start of the COVID-19 era, all of us have, more or less, become a part of the largest work-from-home experiment. So if you cannot avoid this new reality, at least try to make the best home office setup that suits your needs. Setting up your workspace is one

Writing an old-school business plan can be painful, so we’ve put together a quick guide where we’ll teach you how to make its simplified version, a one-page business plan. So, in the next five minutes of reading, you will learn the following things: 1. What is a one-page

“If you have to ask whether you have product/market fit, the answer is simple: you don’t.”Eric Ries. Everyone remembers the defining moment they decided to start their own business. Sometimes it’s after months and years of chewing on an idea you just can’t shake off,

It’s not always easy to formulate all the thoughts you have as a budding entrepreneur. Fortunately, that’s our specialty here at IdeaBuddy. In this guide, you’ll learn… * Where to start looking for a business concept. * How to find out if you can make it a reality. * Ideas

Ever wish you knew more fancy abbreviations and business slang so you could sound cool? Well, you’re in luck, because we’re about to teach you some really cool acronyms, starting with TAM while we explain how to calculate the total addressable market for your business. What is more

Every business, whether it’s a coffee shop or an aspiring tech startup, needs an in-depth understanding of the market it will serve. One of the essential components of a successful venture is knowing what your clientele needs and what influences their decisions. The data you’ll collect during your

If you are on the path of starting a business and this question is buzzing around your head every time you want to sit and write a business plan, then you are in the right place. You know for a fact that some entrepreneurs have built unicorns without creating a