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Entrepreneurs

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Growth Strategy: New Business Development
FastTrac
9/20/2006
Article Resource
Summary:

There are four basic strategies for growth--Market Penetration, Market Expansion, Line Expansion, and New Product Development. This article examines New Business Development.

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Screen Growth Opportunities
9/20/2006
File Resource
Summary:

Using the four basic growth strategies--Market Penetration, Market Expansion, Line Expansion, and New Business Development--this tool helps identify potential growth opportunities for a business.

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Evaluating Your Distribution Channels
9/25/2006
File Resource
Summary:

This tool helps entrepreneurs determine the best means to distribute their products and services.

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Making Decisions -- Taking Action
FastTrac
9/25/2006
Article Resource
Summary:

Entrepreneurs make great decisions when they critically analyze the situation.

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Monitoring the Budget
FastTrac
9/25/2006
Article Resource
Summary:

Compare actual financial figures to your budget at least monthly. You may need to adjust the budget during the year to reflect new information.

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Preparing a Preliminary Forecast
9/25/2006
File Resource
Summary:

Before building a detailed line-by-line budget, entrepreneurs should prepare a preliminary forecast, projecting estimates of the primary components of profitability--sales, cost of goods sold, and operating expenses.

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Product/Service Development Potential
9/25/2006
File Resource
Summary:

This tool provides questions to help entrepreneurs consider the strategic and tactical pluses and minuses of investing in new product/service development.

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Evaluating Your Distribution Model
9/26/2006
File Resource
Summary:

Distribution strategies help entrepremeurs meet the demands of their customers and increase sales.

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Projecting Financials: The First Step
FastTrac
9/27/2006
Article Resource
Summary:

Historical financial information can be a great tool to jumpstart the budgeting process if care is taken to adjust for any incorrect or misleading information.

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Budgeting Strategies
FastTrac
9/27/2006
Article Resource
Summary:

Budgeting, forecasting, and projecting mean fundamentally the same thing--estimating future amounts based on information you already know.

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