Tag Archive: creating

Real Entrepreneurship is Focused on Creating Positive Cash Flow

According to Wikipedia an Entrepreneur is someone who is willing to launch a new venture or enterprise and accept full responsibility for the outcomes. He or she is seeking profit through the use of initiative and the acceptance of personal risk. And yet at some point in the mid-1990s entrepreneurship became subverted. Every man and his dog became an overnight entrepreneur – due in no small part to the easy access to money. All that was needed was a well crafted business plan, a snappy PowerPoint presentation, inspiring “elevator pitch” and sufficient persistence to convince some institution or sceptical stranger to lend them the money. Whether the plan was viable, thought out beyond “secure funding” or whether there was genuinely a market for the offering seemed secondary as more and more people declared themselves an “entrepreneur” and hopped aboard the dotcom express.

People would cite companies like Amazon as examples of companies that didn’t make a profit for years and yet are valued in astronomical figures. But for every Amazon there are thousands of failures who chewed through the funding with lavish offices and slick marketing campaigns only to fold before making any profit whatsoever.

But let’s get real here – a business is not a business and you are not an entrepreneur until and unless you are generating positive cash flow. Cash flow is king. It is the lifeblood of every business. The business people we really respect are the ones who have lifted themselves up to success through sheer hard work, determination and strategy. They are the people who couldn’t get “seed funding” or “capital injections”, the ones that had to be smart and savvy to make ends meet and find ways to generate income from the start. They are the real entrepreneurs.

The real entrepreneurs are still using their initiative to manage risk and generate a profit but their focus is on acquiring or creating cash flows not on creating endless business plans that look good on paper but deliver nothing of value in the real world. In an era of easy money and get rich quick schemes we have forgotten one of the golden rules of successful entrepreneurship; create something that people want and are willing pay for.

What is the point of being in debt if the business you own or the assets you own don’t produce an income that is greater than the money needed to service the debt? In business we sometimes talk about the size of the entity as a means of avoiding the issue of cash flow and profit. Who cares if your business has a turnover of $50 million, if the business is spending $51 million there is no positive cash flow and no real business. If you’re still unsure about this distinction;

Repeat three times daily until the delusion goes away;

With cash flow I’m an entrepreneur; without it I’m not…

It’s impossible to create genuine wealth without income or cash flow – a fact that has been known for thousands of years although conveniently forgotten in recent history.

Even the ancient Babylonians knew this truth over 8000 years ago. George S Clason talks of this Commandment in his classic little book The Richest Man in Babylon. He refers to it as “The Third Cure” to a lean purse which states, “Put each coin to labouring that it may reproduce its kind even as the flocks of the field and help bring to thee income, a stream of wealth that shall flow constantly into thy purse.”

Successful entrepreneurs are always looking for streams of wealth that will constantly flow into their purse. They do that through buying or creating entities that generate income or cash flow with or without their daily involvement. That could mean buying positively geared investment properties, shares that provide a dividend or investing in or creating a successful business. It is the positive cash flow that makes these equity investments viable because they generate money instead of spending money. A real entrepreneur is not interested in “paper profits” or inherent value – they are seeking positive cash flow which can be used to buy additional wealth creating assets or re-invest in the business. A business is only viable and genuinely wealth creating if it makes more than it spends and generates cash flow for growth and investment. It is the cash flow that feeds the business, allows it to prosper so that the business can eventually be sold and its value realised.

If you’re a business owner seek out every possible way to reduce your expenses, increase your sales and improve your ability to generate not just one, but many cash flow positions. This is what the most successful business people do to become wealthy. They create or acquire ‘cash flows’ for a future sale or exit. If you own assets ensure they are positively geared and that you are generating and acquiring positive cash flow[s] at all times. The future success of your enterprise depends upon it.

Creating A Comprehensive Internet Cafe Business Plan

You must have a business plan in place if you plan to start an internet cafe on a medium or large scale. Many entrepreneurs make the common mistake of not putting down their plans on paper because they don’t think it’s important to do so. Not surprisingly, such businesses are the ones that close down within the first year of commencement.

It is critically important to finalise your internet cafe business plan before you get down to actually starting it. This will help you cover all the areas of the business in detail including funding, income, expenses, staffing, sales, profits and growth. You can discuss your plans with a friend or someone you know who has experience in such projects to get a fair idea of how to get started. Make a note of everything that you learn, both significant and inconsequential. You never know what type of information will come handy as you go along establishing the various processes of your internet cafe business.

Using Reputable Business Plan Writers for a Foolproof Plan

Those who have been there and done that, say that using professional business plan writers is the best way to get a fool proof internet cafe business plan. You can, of course, write one that may look good to you but remember; if your internet cafe needs finance, will your bank lend you the finance you need with the sort of business plan you have written? That’s extremely unlikely. They would like to know in detail, your revenue model, expenditure particulars and future roadmap.

A robust business plan written by experts explains in great detail, your business goals and objectives, projected earnings, future expansion plans, marketing and advertising plans and other relevant information that can help your bankers or financial institutions assess your business prospects and potential profits accurately.

Banks expect entrepreneurs to have a detailed account of every aspect of their business which can help them judge the probability of successful repayments. After all they would not like to invest their money in a plan that looks incomplete, half-baked and full of holes. A professionally written business plan can help your internet cafe business get the right type of financing in the quickest possible time and without any hassles.

Top business plan writers can deliver a comprehensive business plan within guaranteed delivery dates and will have the best team working on your project. The best ones will assemble a team that has worked on creating internet cafe business plan in the past so that they are able to create the best document needed for your funding requirement. The business plan will, of course, be tailored to meet your special needs and will incorporate future roadmaps as well.

Professional business plan writing companies will make sure that financials are complete in all respects and there is an ambitious but realistic plan which charts present and future profitability and proves that your actual revenues are indeed comparable to your business plans. Your business plan will have a smooth structure and flow with all the elements in the right place. Only experienced professional writers will be able to present your business plan in the best way.

Creating The Perfect Car Wash Business Plan For Guaranteed Success

A well created business plan will greatly enhance the opportunities of your endeavor due to the fact that they very carefully think about all the facets of your business such as beginning up expenses, tools required to give numerous kinds of services such as outside cars and truck cleaning, indoor cleaning and also vehicle describing as well as staffing demands. A seasoned business plan writer will certainly make certain that your strategy has all the elements of your business taken treatment of efficiently. Leading business plan writing firms will certainly have accessibility to a number of data sources to supply the most upgraded research study readily available on the topic of auto laundry business.

If you are a reasonable entrepreneur, you will certainly take into consideration utilizing the services of a specialist business plan writing company to create your strategy. A well created business plan will significantly boost the possibilities of your endeavor due to the fact that they thoroughly think about all the elements of your business such as begin up expenses, devices required to give numerous kinds of services such as outside automobile cleaning, indoor cleaning and also vehicle describing as well as staffing demands. A knowledgeable business plan writer will certainly make certain that your strategy has all the facets of your business taken treatment of properly. Leading business plan writing business will certainly have accessibility to a number of data sources to supply the most upgraded research study readily available on the topic of automobile laundry business.

Creating a Business Plan That’s a Winner All the Way

Your business proposition is a functioning paper that could alter in form as well as context as the characteristics of your business modifications. A business plan could take time to write and also great song however it is a workout that will certainly aid you obtain a clear photo of just what your company is all regarding as well as just how it will certainly form up in the future. If you are desire a daycare business plan for circumstances, your objective will certainly be offered much better when your proposition is dealt with by a group of scientists, authors as well as editors that have previous experience in writing business plans for day care facilities.

Your business proposition is a functioning paper that could alter in form and also context as the characteristics of your business modifications. A business plan could take time to write and also great song yet it is a workout that will certainly aid you obtain a clear image of just what your company is all regarding and also exactly how it will certainly form up in the future. If you are desire a daycare business plan for circumstances, your function will certainly be offered much better when your proposition is dealt with by a group of scientists, editors and also authors that have previous experience in writing business plans for childcare facilities.