Welcome to LetMeThink4U.com. where we hope to offer creative and unique strategies to your small business needs!
Marquis Rashoid LLC is our chosen business for this week’s Small Biz Sunday spotlight!
1. Business name.
Marquis Rashoid LLC
2. Tell me about your business.
Marquis Rashoid LLC is an exclusive handmade bow tie and pocket square company. We provide high fashion with a higher purpose. A portion of all
The most important activity for a small business owner, besides providing a quality product or service, is having customers to enjoy it! Advertising to potential customers is a huge task that shouldn’t be taken lightly, but many entrepreneurs skip this step because of its cost. It’s generally recommended that at least 5-7% of a company’s budget is devoted to advertising and marketing. However, this can be an extremely high cost for a company with a very modest budget.
This is where a little creativity comes in. A huge mistake that many new business owners make is the belief that “word-of-mouth” advertising is sufficient. Keep in mind that in order for word of mouth marketing to be effective, (more…)
Many people request help and guidance on how to write a business plan. Most people view business plans as an optional aspect of the entrepreneurship process, which is not true and can be very dangerous to a new business. A business plan is probably the most feared, yet most important part of a new business venture.Over the next few weeks, we will go through each aspect of a business plan and provide helpful tips to ensure that everyone has a clear understanding of the sections and their contents.
4 Basic Facts About Business Plans
A business plan is a document that tells its reader all about your company. The “reader” is typically an investor, a bank, management, a member of your company’s board, and YOU! Always keep the reader of your business plan in mind while drafting it.
The business plan provides a detailed and in-depth look at the internal workings of your company and shows the company’s current and future plans. The business plan should also tell a very interesting story about your business, explaining who, what, when, where, how and why.