One of the key benefits to having a business plan is that you will know what you need to do to get your business up and running. For example, if you know what type of customers you will be targeting and how, you have a better chance of success.

You should not regard the entrepreneur interview as a test as such, but rather as an opportunity to demonstrate that you are both able and genuinely intend to establish a business.

For sure there are several entrepreneurs out there that also start looking for a good partner and I hope you have a good combination and good ideas on how to develop your business.

The single biggest reason for business failure is a lack of capitalization. Even when established businesses suffer economic downturns, experienced owners know they are the ones responsible for refuelling their working capital. Sure, banks can help at that stage because there may be a demonstrated t...

Having a partnership in business can help in several ways. The first being: one partner may have one set of talents and the other may have another set of talents. If you combine those two together, this will allow the flow of ideas to come out. Another benefit is that if you have a buy-sell agreemen...