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As a small business owner, hearing all the buzz about tariffs can feel overwhelming. But with proper planning and the right tools, you can successfully navigate these potential changes in your business. Here’s what you need to know and do to keep your business thriving. What is a tariff, and how might it affect your […]
Did you know that 30 percent of businesses close by their second year? Business failures happen for a variety of reasons, but one of the most common is that owners simply run out of cash. And while some business ideas just don’t pan out, many times better planning could have kept the business open […]
Budgets and Forecasts are vital components that inform your business planning and strategy. Learn about the key differences and how to use each effectively.
Buying a business can provide the benefits of entrepreneurship without the pain of starting from scratch. Learn how one entrepreneur followed 8 steps to make it work.
It’s tempting to hand the work over to AI tools when writing a business plan for a bank loan. But relying on AI too much carries these risks.
As a leader in business planning insights and innovation, the LivePlan team has been closely following AI developments and their implications for entrepreneurs and small business owners.
To give the best advice possible, advisors must help small business owners look into the future through their financials. That’s where financial forecasting comes into play.
It’s been hard to miss the buzz around Artificial Intelligence. The rise of large language models like ChatGPT is impacting fields like education, healthcare, media, and perhaps most of all—it’s shaking up the world of business. A recent Forbes Advisor survey found that over 50% of business owners are currently using or plan to use […]
While a startup is technically a small business, not all small businesses are startups. There are often key differences around company goals, strategies for growth, funding and organizational structures.
Accurate financial forecasts are vital to providing effective advising services. It provides the roadmap for you to guide your clients and help them make strategic decisions. Having a viable financial forecast to reference when advising reinforces the need to look forward and reflect on performance, rather than getting caught up in day-to-day business operations. Financial […]