Are You A Business or A Liability?

One major question that you as a business owner, should really ask yourself is “Am I a business, or A liability?”

One of the first and most important steps you can take to ensure that you’re a business, and not a liability, is to go through the planning process. Part of ‘Planning’ will consist of creating a business plan. A business plan is a roadmap that guides you to your business strategy and operations. Whether you are deciding if it’s time to scale or understanding your “break-even” point. Your business plan will have the answer for you.

Here are just a few reasons why having a business plan is so important.

  • Accepted to Funding (Grants, Loans, or Investors) Many want to see your business plan before approving you to move forward.
  • Enabling the establishment of business milestones
  • Understanding when to scale your business
  • To Determine Your Financial Needs or to revise your products & services.
  • To Understand Your Operating Strategy
  • Uncover potential business opportunities
  • To Document Your Marketing Strategy which helps with your competitive advantage
  • In deciding when the time is right to sell your business

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Access to Biz Plan 101

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About Your Instructor

Angel Radcliffe is a Speaker, Author, Business Consultant & award-winning Financial Educator with 10+ years’ experience in Corporate Finance & Technology. Ms Radcliffe has been featured in Black Enterprise, Self Magazine, Huffington Post, Experian, American Express, Fox News, Buzzfeed and Hello Beautiful. Angel is also the Founder of M~Suite, an online community focusing on Milestones, Motivation & Money alongside the Ballin' On A Budget themed content. Driven by a passion for Financial Literacy, Ms. Radcliffe works within communities to teach the strategies of Budgeting & Financial Management for Entrepreneurs.