How to Calculate Break Even Point in Business Plan

How To Calculate Break Even Point (BEP) in Sales and Units. Let me assume that you don’t know how to calculate break even point. But before we start talking about how to calculate the break even point, it is important you have the understanding of what the break even point is. Break even point analysis is a key financial analysis tool which you need to understand how to use as a business owner. It will help you in your pricing decision. Break even point is the point at which sales equal expenses. That is, a point at which you are Continue ReadingHow to Calculate Break Even Point in Business Plan

How to Evaluate Business Opportunities

Characteristics of Good Business Opportunities. There are many small business opportunities available to entrepreneurs. These range from home business opportunities to franchise opportunities or going for business for sale. But with all these business opportunities, good entrepreneurs know how to sieve them to determine the best business opportunities among others. If you are a budding entrepreneur looking for business ideas for beginners, it is very important that you don’t just rush into any business opportunity no matter how appealing it may sound. It is good that you how to evaluate business opportunities in order not to get your fingers burnt. Continue ReadingHow to Evaluate Business Opportunities

How to Start a Family Business

Understanding Family Business. What do you understand about family business?  What does it mean to start and run a family business? I consider this topic to be very important to anyone starting his or her own business. This is because a lot of people start a business which can be described as a family business unknowingly. Before I continue with this article, I will like to make certain clarification about what a family business is all about. If your business is jointly owned by your family members, you are running a family business. That does not mean that there are Continue ReadingHow to Start a Family Business

Funding Options for Small Businesses

Funding plays a key role in starting a business. Funding is one of the hurdles entrepreneurs have to overcome. No matter the size of your company, you require adequate funding to start and grow your business. Though the ease at which each is able to achieve this may differ from one another. Definitely, funding could be easier for companies that are well established than small businesses which are still trying to get their footing right. For example, when an individual approaches banks to borrow money, he will be required to bring collateral, which would serve as security in case of any Continue ReadingFunding Options for Small Businesses

Low Investment Small Business Ideas With High Profit

Low Investment Opportunities And Small Business Ideas With High Profit If you are looking for low investment opportunities with high profit margin, I will suggest that you focus your attention on consulting services. In consulting business, the capital investment is very low as what you need most is your expertise and skills. Good enough, everybody has his own unique skills. What is lacking is ability to turn the skills into small business opportunities. Below is the list of busisnesses with high profit margin. Bookkeeping and Accounting If you are good at accounting whether manual or computerised accounting system, it is a Continue ReadingLow Investment Small Business Ideas With High Profit