Category: Business Plan

5 Things You Must Know and Do Before Writing a Business Plan

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Business Plan
Opinions expressed by Entrepreneur contributors are their own. There are many articles about what to include in your business plan. But what about before you even start writing it? Are there things you need to know? Information you need to compile? Things to consider? You bet. Below you’ll learn five things you must know and do before sitting down to write your business plan: 1. Your business plan is a marketing document The first thing you must understand before writing your business plan is that your plan is a marketing document. It is not a 50-page dossier explaining everything there…

Announcing the next wave of AI innovation with Microsoft Bing and Edge

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Business Plan
Just three months ago, we unveiled the new AI-powered Microsoft Bing and Edge to reinvent the future of search with your copilot for the web. We aim to tackle a universal problem with traditional search – that nearly half of all web searches go unanswered, resulting in billions of people’s searches falling short of the mark. We launched the new Bing to bring you better search results, answers to your questions, the ability to create and compose, and with a new level of ease of use by being able to chat in natural language. Bing combines powerful large language models…

Benefits of Developing a Business Plan

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Business Plan
Starting a business is difficult and complex, requiring careful strategy, investigation and execution. You must find a business idea, a business plan must be written, finance must be obtained, a team must be assembled, and operations must be set up. Numerous elements affect a business’ ability to succeed. It involves the capacity to recognize and size market opportunities, carry out its goals, and adapt to and change with the market but you may find it interesting to hire a finance broker to help you with your finances. It also entails a sizable degree of risk and necessitates a sizable time,…

U of A Team Wins $20,000 for Cycling Innovation at Canadian Business Plan Competition

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Business Plan
Photo Submitted New Venture Development instructors and UNCL team members pose with their winnings at the Ivey Business Plan Competition in Ontario, Canada. From left: David Hinton, Michael Burton, Clayton Woodruff, Payton Lenz and Sarah Goforth. A graduate student entrepreneurship team from the U of A won first place in Canada’s prestigious Ivey Business Plan Competition, securing $20,000 to put toward their innovative solution of deterring bicycle theft without the need for a bike lock. UNCL Co., short for Universal Network Controlled Lock, is an app-enabled security device that retrofits to public bike racks, allowing…

Kick Ash Baskets’ long, steady growth spells success for Neenah man’s grilling accessory business

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Business Plan
Kick Ash Baskets of Neenah It is fitting to refer to Chad Romzek’s 2010 startup business as a result of “the spark of an idea.” The business, Kick Ash Baskets, ignited into a line of specialty grilling baskets that are sold throughout the United States and globally. A trained mechanical engineer, Romzek, of Neenah, worked for companies like Boeing in Seattle before moving back to Wisconsin in 2009 with Kimberly Clark. Although he enjoyed those jobs, he was pulled toward entrepreneurship. “I knew I wanted to do something else and had a few ideas,” he said. “In 2010, I made…

Monetary Authority 2023 Business Plan Released

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Business Plan
The Bermuda Monetary Authority [BMA] has released its 2023 Business Plan. A spokesperson said, “The document is a blueprint for the year ahead, detailing how the BMA will continue to deliver its mandate, the progress it plans to make on its multi-year phased initiatives and the projects it will launch to maintain agility and nimbleness in its systems and processes and build on the strengths of Bermuda’s financial services regulatory and supervisory regime. “Notable highlights in the 2023 BMA roadmap include the following: Further positioning its human resources to skillfully deal with the complexities of emerging infrastructures, products and technologies…

The era of AI: How the Microsoft Cloud is accelerating AI transformation across industries

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Business Plan
© Bolbik / Adobe Stock This past quarter has put a spotlight on advancements in generative AI, and the possibilities of its application to deliver pragmatic business outcomes. For organizations around the world, there is an incredible opportunity to enhance products and services while unlocking innovation and business value to help shape the future of industry. The pace and scale of technological innovation happening today is unprecedented and breathes optimism into a demanding economy. Those leveraging the Microsoft Cloud — the most trusted, comprehensive and integrated cloud — are best positioned to take advantage of these advancements. As leaders look…

Microsoft Build brings AI tools to the forefront for developers

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Business Plan
You only need two simple letters to accurately convey the major shift in the technology space this year: A and I. Beyond those letters, however, is a complex, evolving and exciting way in which we work, communicate and collaborate. As you will see, artificial intelligence is a common thread as we embark on Microsoft Build, our annual flagship event for developers. It’s already been a landmark year for the industry, starting in January with the announcement of an extension of our partnership with OpenAI to accelerate AI breakthroughs and to ensure these benefits are broadly shared with the world. And…