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How To Write A Good Business Plan

COMPONENTS OF A BUSINESS PLAN

  1. Executive Summary
  2. Background
  3. Key Personnel
  4. Operations
  5. Marketing
  6. Financial Plan

EXECUTIVE SUMMARY

The purpose of an executive summary is to provide a quick and concise overview of the business (in one or two pages).  Although this section appears first, it should be written last.

The plan summary should highlight key elements of the entire business plan, including:

–        Objectives of the business (Mission Statement)

–        Your products or services, with emphasis on distinguishing features and the market needs they will meet

–        Your estimate of market potential and assessment of the competition

–        Your management team’s experience and talent

–        How the products will be made or the services performed

–        Projected financial results

–        How much money is needed, and what will be done with it

–        The anticipated return on investment

BACKGROUND

–        The business you are in or plan to be in

–        The background of your business, including when it was started, highlights of its progress

–        Any previous financing and by whom

–        The current ownership of your company

KEY PERSONNEL

–        Explain how your company’s management team is organized and describe the primary role each team member plays.  If appropriate, use an organization chart.

–        Demonstrate how team members’ skills complement each other.  Show the balance of marketing, financial, management and production skills, as well as experience with the product or service your are developing.

Key Managers:

Prepare a brief synopsis of each key manager, including:

–        Duties and Responsibilities

–        Career highlights

–        Significant past accomplishments that demonstrate ability for the tasks that will be required

–        Include resumes in an exhibit.  Resumes should include sufficient detail for future verification by a financial institution, an investor, government agency,…etc.

–        This section should also discuss any apparent weakness in your management team.  Are any critical skills missing?  If so, how will this be overcome – by training?  recruiting?  outside advisors?

Compensation & Ownership:

–        State how each person will be compensated (by salary? incentive bonus? profit sharing?), and what investment each has in the company.  Include a list of the stockholders and the number of shares each owns.

–        Identify your board members (if any) and briefly discuss how each help in the development of your company.  Indicate any investment board members have made in your company.

OPERATIONS

This section should cover items such as:

–        Location, capacity

–        Costing and control

–        Employees (numbers, union, etc.)

  • Sources of supply
  • Purchasing (Machinery-new or old, tools, dies, etc.)

–        Facilities and equipment (describe the facilities and the equipment that will be required – What will these cost? Will you lease or buy? discuss future needs)

–        Describe the manufacturing process or the method of performing the service

–        Discuss the labour force where you will operate – What are the costs – Is there enough labour available with the right skills?  Will additional training be required?  What will it cost?  Is the labour force unionized or likely to be in the future?

MARKETING

Marketing research is the most important part of any business plan since it determines not only potential demand and the target market but also expected sales levels, future opportunities in the market, how many employees will be needed,…etc.  In essence, the marketing plan is the foundation of a good business plan.

This section should demonstrate that you understand how your market should be segmented, and that you have the ability to sell and deliver your product or service effectively to the right targets.  This is the place to show why customers will buy from your company.

The following outlines some of the things, which should be included:

Market history:

–        Information on historical development and growth.  By investigating past trends, it is often possible to anticipate future opportunities in the market.

Target Market:

–        Identify your target market(s).  It is important to segment and target the market properly – something that new companies frequently overlook.  Concentrating your resources on the needs of a specific segment and carving out a niche may mean the difference between success and failure.

Facilities and equipment (describe the facilities and the equipment and equipment that will be required – What will these cost? Will you lease or buy? discuss future needs)

–        Describe the manufacturing process or the method of performing the service

–        Discuss the labour force where you will operate – What are the costs – Is there enough labour available with the right skills?  Will additional training be required?  What will it cost?  Is the labour force unionized or likely to be in the future?

Competition:

–        Investigate the competition.  Understand which are direct and indirect competitors, what their pricing strategy is, their competitive advantage,…etc.  If you fully understand your own strengths and weaknesses relative to your competition you are more apt to be able to turn some of your weaknesses into opportunities.

Market Share:

–        Estimate the market share and sales volume that you think you can achieve over the next two, three years.  Identify which portions of your estimate represent “hard” purchase commitments and present this information in tabular form.

Pricing:

–        Discuss the pricing strategy and policy for your product or service.  Show how your pricing approach will enable you to:  penetrate the market, maintain and increase market share in a competitive environment, and make a profit.

Sales Plan:

–        Discuss how and where you plan to sell and distribute your product or service.

–        Will you use a direct sales force?  How many salespeople do you need?  Will they be compensated by salary or by commission?  What education and experience will you require, and how will you find and attract good salespeople?

–        What degree of sales efficiency can you expect?  How many sales calls will it take to get an order, and how large will an average order be?

Advertising:

–        Discuss how you will generate awareness of your product or service among potential customers.  Which promotional activities you will use – public relations, trade shows, sales incentives, promotional literature, media,…etc.

–        Will these expenses be a large percentage of total expenses?  If so, explain how much they will be and when they are likely to be incurred.

 FINANCIAL PLAN

You will need to include financial statements and projections for the past as well as next three to five years, including:

–        Financial statements for the past three years of operation

–        Cash flow projections by month for the next year

–        Projected balance sheet and income statement for the next three years

–        Break-even analysis

Consider using a computer application to help you with projections based on your assumptions.  Financial models can answer “what if” questions and show likely results under various scenarios.

Your projections should be tied to your market expectations.  It is important to state clearly the assumptions you used when preparing the projections.  Your financial analysis should identify and support the amount of money you are seeking from potential investors or financial institutions.  Preparing financial projections requires accounting and finance knowledge.  If none of your team members are qualified in this area, get outside help.

Money needed:

This section of your plan should indicate the amount of money you will need, when you will need it, and how it will be used.  Respond to questions like:

–        How much money do you need now?

–        How much will you need over the next three to five years, and when?

–        What will you do if you have underestimated the amount you will need?

–        How will you use the initial funds?

–        What financial structure are you proposing for the financing (i.e. what portions of the funds will be debt and equity?)

–        What will the terms be?

–        Do you qualify for government assistance?

 EXHIBITS

Include exhibits to provide additional details that help tell your story.  These might include:

–        Marketing studies

–        Patent information

–        Photographs or sketches of your product or service

-Resumes of key executives

ORGANIZATION OF PLAN

Organize your plan so it is easy for readers to find specific sections.  Many readers will read only selected sections according to their needs for specific information.  Your plan should have a table of contents.  Also, consider using tabs to identify major sections.

OBJECTIVE REVIEW

After you have completed your business plan, have others review it before sending it to potential investors or lenders.  Individuals in the best position to provide you with constructive comments include business consultants, other entrepreneurs, your accounting and business advisors, and your lawyers.

FINAL CONSIDERATION

Your plan will contain sensitive and confidential information.  Therefore, you should carefully control its distribution.

This is a great site for an Interactive Business Planner www.cbsc.org/ibp/

If you need a good business plan, you can contact me. Click the link to send me a WhatsApp private chat.

https://api.whatsapp.com/send?phone=2347032755605

I will write and design a good business plan for you at an affordable rate.

My name is Tolulope Makinde, I am a content writer, career coach, and social entrepreneur. I am passionate about youth development, education, and entrepreneurship. You can contact me for free counseling on business idea development.

Apply For The MEST Entrepreneurial Training Program

MEST offers a full scholarship to a 12-month graduate-level entrepreneurial training in business, communications and software development, including extensive hands-on project work, culminating in a final pitch and the chance to receive seed funding.

Have you been looking for that opportunity that’ll help you take your business to the next level?

Benefits:

  • Extensive hands-on project work
  • Graduate-level entrepreneurial training in business, communication and software development
  • Mentorship from successful entrepreneurs, CEOs, and executives from Silicon Valley, Europe and Africa

Eligibility Criteria:

  • A deep passion to start a software company.
  • Proven record of entrepreneurial and/or corporate work experience.
  • Strong social and communication skills.
  • An energetic, positive attitude and ability to work well in a team.
  • Ability to commit a year in Accra, Ghana participating in the training program starting in August 2020.

Application Process:

  • Complete the application form
  • Qualified applicants are asked to complete an aptitude test
  • Successful applicants are contacted for a phone interview
  • Top candidates in each region will be invited for an in-person interview in Accra, Lagos, Johannesburg, Cape Town, Nairobi or Abidjan

Program Start Date: August 2020
Application Deadline: February 7, 2020

Learn More | Apply Here

Apply For Ignite Africa Challenge 2020

Ignite Africa Challenge is a platform centered on unveiling youth talent across our continent for solving the most pressure problems through high impact social entrepreneurship.

Benefits:

Selected teams will be shortlisted as semi-finalists by a panel of academics and experienced development professionals from public and private sector institutions, as well as the IGNITE AFRICA team and board. Selected teams will get the opportunity to:

  • Present their ideas at an IGNITE AFRICA Semifinals event of their choice
  • Be part of the emergent African leaders that are building the future they want to live in
  • Benefit from unique networking opportunities with experts

Submission Guidelines:

  • All appropriate information must be cited.
  • The submission should be sent in one accepted language: English. All submissions completed in a language not listed above will be disqualified.
  • Submissions that do not meet the format requirements listed above will be disqualified.

Evaluation Criteria:

You need to be African or based in Africa to apply. You need to be a student or 35 years or below as of January 31 2020 to be eligible.

Submissions will be evaluated according to how well teams demonstrate the following 4 attributes:

  • Significance​ : Teams should be specific enough that they can go into some level of depth, but significant enough that it impacts a large number of people and/or businesses and communities.
  • Originality and creativity:​ Teams should present a solution that is original and creative; submissions should present ideas that are either undeveloped or severely underdeveloped in international development research and literature.
  • Feasibility:​ Teams should include a brief ‘road map to adoption’ that argues for the feasibility of the solution and addresses any obvious roadblocks; all submissions should be actionable and measurable; they should also be based in practicality rather than just theory. Teams are encouraged to tie their submissions to a particular country or region of Africa.
  • Clarity​ : Teams should present their idea in a clear and concise manner.

Team Composition: Teams must consist of 2 to 4 members and may be formed across different schools, institutions, companies, countries, nationalities, etc.

Submission:​ Proposals must be submitted through the official Channels.

Timeline:

Deadline for Proposal Submissions: January 31 2020 at 11:59 PM (GMT+1)

Announcement of Shortlisted Teams for Semifinals: February 10 2020

Semifinals: March and April 2020

Accelerator and Fellowship Program: June – August 2020

Finals: October 2020

Learn More | Apply Here

Apply For Ideas For Action 2020 (For Young Leaders)

Do you have an idea that can help achieve the UN’s Sustainable Development Goals?

A joint initiative between the World Bank Group and the Zicklin Center for Business Ethics Research at Wharton School of the University of Pennsylvania, the Ideas for Action Competition empowers young leaders worldwide to share their ideas for financing and implementing the UN’s Sustainable Development Goals.

Benefits

The finalists and winners will be selected by a panel of academics and experienced development professionals from public and private sector institutions. Winners of the competition get the opportunity to:

  • Present their ideas at an event during the Annual Meetings of the IMF and the World Bank Group,
  • Receive support from a project incubator at the Wharton School, and
  • Benefit from unique capacity development and networking opportunities with experts from international development, academia, and the private sector.
  • Team Registration: Teams must consist of two to six members and may be formed across different schools, institutions, companies, countries, nationalities, etc. We recommend that all teams register and sign up for updates below to receive the latest information on I4A programs and events leading up to the competition deadline

Please visit our website www.ideas4action.org to register for the competition, submit your proposal, and sign up to receive updates.

  • Deadline for full proposal submissions: February 28, 2020
  • Final round submissions: early April 2020
  • Announcement of winners: May 2020

Eligibility: Students and young professionals between the ages of 18-35 years from around the world are invited to participate.
Deadline: The competition will close on February 28, 2020

Learn More | Apply Here

Apply For She Hacks Africa Coding Bootcamp

WAAW Foundation in partnership with ACT Foundation has opened up applications for her 2020 “She Hacks Africa Coding Bootcamp”.
Sponsorship support to cover the all-inclusive tuition fees for the selected Participants all through the 4-week Boot Camp has been provided by ACT Foundation supported by Access Bank. The Coding Boot Camp will focus on capacity building on essential skills, knowledge, strategies, and tools to build digitally-enabled businesses.
Programme Benefits
  • Tech Business Startup Grant (for the winners of the Pitch Competition)
  • Mentoring and Advisory Support from WAAW Foundation
  • Access to Free Web & Mobile App Development Tools including other Business Support Tools & Applications

Programme Structure

Each Coding Boot Camp Cohort will run from Mondays to Fridays, 9am to 4pm over a four week period and will involve highly interactive, project-based and hands-on practical learning sessions.
With our commitment to building the capacity of Young African Youths & Women in Technology Innovation and Entrepreneurship, the curriculum covers critical areas for successfully building a new Tech Business and it includes:
  • Web & Mobile App Development: HTML & CSS, Bootstrap, Javascript & Jquery, PHP & MySQL, GitHub, Node.JS, Ionic Framework for Mobile App Development.
  • Leadership: Art and Act of Leadership, Emotional Intelligence, Goal Settings
  • Entrepreneurship: Social Entrepreneurship, Strategies for Impact, Building Impactful Business Model & Plan, Marketing, Finance & Accounting, Business Pitching

Tuition Fee: FREE (Scholarship by ACT Foundation & Access Bank)

Commitment Fee: 5,000 Naira

Eligibility Criteria

  • Must be an African Youth, 18 to 35 years.
  • Must have completed Senior Secondary Certification Examination (SSCE) or have completed Higher Education.
  • Have Access to a Laptop
  • Prior experience coding or a degree in STEM is encouraged but not required.

Deadline: Application closes 1 week to the commencement of each Cohort.

How to Apply
Applicants can apply via
https://shehacksafrica.org/index.php/apply/

For further information, please visit
http://waawfoundation.org/  and https://shehacksafrica.org/
Contact us at obafemi@waawfoundation.org or call +234-8032423433

Apply for Tony Elumelu Foundation Entrepreneurship Programme 2020

The Tony Elumelu Foundation (TEF) Entrepreneurship Programme is open to startup entrepreneurs, with innovative business ideas or businesses that have been in existence for less than 3 years, in any sector, from across Africa.

What the TEF Entrepreneurship Programme Offers:

  1. Business Training
  2. Mentorship
  3. $5,000 non-refundable seed capital
  4. Global Networking Opportunities

Eligibility/Criteria

  • Startup African entrepreneurs based in Africa
  • Business at the idea stage are welcome, as well as innovative businesses that have been in existence for less than 3 years
  • Business can be in any sector
  • Business must have potential to create jobs and revenue on the continent

Timelines:

  • January 1, 2020: Application portal opens
  • March 1, 2020: Application portal closes; initial longlist is announced to proceed for business training
  • April – May: Training & mentorship
  • June: Pan-African pitching competitions
  • July: Announcement of finalists at the TEF Forum
  • August – September: Background Check
  • August – December: Seed Funding Disbursement

Selection Process:

  1. Following applications, entrepreneurs will undergo business training.
  2. Shortlisted candidates will prepare and submit an updated business plan
  3. Top performing entrepreneurs will be shortlisted to go through a pitching phase in all 54 African countries, in English, French, Portuguese or Arabic.
  4. Top performers will be selected to receive the $5,000 seed capital.
  5. Finalists to receive $5,000 seed capital will be announced at the TEF Forum

Assessment

The assessment gives the Foundation an indication of your personality type. It gives them a better indication of how best they can make an impact in your start-up journey. The assessment will take approximately 1hour to complete. You can stop and save your personal details information online and continue later but you cannot save and continue your assessment later.

There are 2 sets of assessments i.e.

1. Psychometric / Personality tests

2. Business and Financial knowledge assessment

After taking the assessment, the system scores you and highlights your segment/path for training. All entrepreneurs that apply will go through a set of training. Training is delivered based on the entrepreneur segment. During this training, you will take tests/quizzes at the end of each module. Your assigned training path will determine whether you will have a chance to get seed capital or not.


Assigned training path

Based on your answers to the assessment questions, the system profiles you and places you in the appropriate training path as follows:

Greenhorn (Level 1)

This means you are a starter according to the business start-up profiling. You will go through the general training on TEFConnect. You will, however, not be eligible for mentorship or seed capital.

Innovator (Level 1)

This means that you have been profiled to be an intermediate entrepreneur. You have a good potential to be a successful entrepreneur. You will go through the Intermediate training modules and you will be assigned a mentor during the programme. Based on your performance through the training programme, you will stand a chance to pitch your business in person to the set of judges for final selection to receive seed capital.

Disruptor (Level 2)

This means that you are or identified to be natural or a seasoned entrepreneur. You will go through the Advanced training modules and you will be assigned a mentor during the programme. Based on your performance through the training programme, you will stand a chance to pitch your business in person to the set of judges for final selection to receive seed capital.

Pls Note

· Innovators and Disruptors stand a chance to receive the same value of seed capital.

· Assessment can only be taken once. Do not take it if you are not ready.

· If you are unable to complete the assessment before the time is up, assessment will be made based on the answered questions.

Read More | Apply Here

Apply For Paradigm Initiative Digital Rights and Inclusion 2020

The Paradigm Initiative Digital Rights and Inclusion 2020 grant aims to involve media professionals in the daily work of the Paradigm Initiative in the fields of digital rights and digital inclusion in Africa.

From April 2020, the selected fellows will work in our offices in Nigeria (Lagos Aba, Abuja and Kano), Cameroon (Yaoundé), Zambia (Lusaka), the Democratic Republic of Congo or even Ghana (Accra). Applications are open to journalists working for media in Africa.

 This scholarship aims to expose media professionals to the fields of digital rights and digital inclusion which are generally underestimated in the development of African countries. The objective is to increase the number of journalistic reports or publications on these fields in Africa.

Selected media professionals must be available for a two (2) week trip to Nigeria and virtual collaboration between April 2020 and August 2020.

The Paradigm Initiative Digital Rights and Inclusion 2020 grant is a 5-month program designed to immerse journalists in mid-career in advocacy – and intervention – efforts in favor of digital rights and digital inclusion in Africa. 

The selected journalists will work with the Paradigm Initiative on various projects and help improve public understanding of digital rights and inclusion issues in Africa.

The components of the scholarship

  • Fully funded trip to attend the Africa Digital Rights and Inclusion Forum (DRIF) in Abuja, Nigeria in April 2020.
  • Training on digital rights and inclusion at the Paradigm Initiative headquarters in Lagos (Nigeria) with team members from other offices in Africa.
  • Fully funded 2-week residency program to visit Paradigm Initiative offices in Nigeria (Abuja, Lagos, Kano, Aba).
  • 4 month virtual training and collaboration with Paradigm Initiative and its partners.
  • The scholarship can also include fully funded local and international trips to attend and cover relevant digital rights and inclusion events.
  • Interaction with the main stakeholders in the defense of digital rights.
  • Paradigm Initiative will provide fellows with a monthly stipend and a one-time research grant for the duration of the fellowship.

Expectations

  •  Fellows are expected to participate in all planned activities
  • Fellows will have to publish, in their affiliated media (print, television, radio, Internet) at least 15 elements (Feature articles, Reports, etc.) on digital rights and inclusion issues during the duration of the scholarship. Fellows will retain full editorial direction for these reports.
  • Fellows should continue to cover digital rights and inclusion issues after their internship.

requirements

  • The scholarship is open to journalists affiliated with the main print and online newspapers in Africa
  • Interested candidates must demonstrate that they have already covered human rights and / or technology issues and are interested in advocacy journalism.
  • Interested candidates must have less than ten years of journalism experience. We are mainly interested in journalists at the start of their careers

Deadline: February 15, 2020 

Read More | Apply Here

Apply For The Yunus & Youth Fellowship 2020

The Yunus & Youth Fellowship Program is an online program that empowers young social entrepreneurs to develop their full potential. We help strengthen business models, build compelling strategies for social ventures and expand professional networks.

Are you an early-stage young social entrepreneur creating a positive social impact in your community?

The Yunus&Youth Fellowship Program is your best option to broaden and enhance the social impact of your organization, while also becoming financially sustainable by accessing mentoring, business training and a global network.

Yunus&Youth offers exceptional, exclusively selected young people from a global pool of entrepreneurs starting a social business that has traction and is growing a 6-months online social business immersion.

Selected entrepreneurs will receive FREE high-level mentoring and business training by highly qualified and experienced professionals.

If you are part of or know of any social organization that is working to tackle the world’s most pressing issues, apply now or help us promote this great opportunity to start 2019 even more prepared to manage social businesses.

Deadline: February 16th, 2020 11:59 PM EST (GMT-5)

Learn More | Apply Here

Apply for Orange Corners Nigeria 2020

Are you a Nigerian young person, between the ages of 18 – 35? Have you seen a problem or issue that is really just an opportunity? Do you have an idea or solution that you are not quite sure how to articulate or implement but you’re passionate about and willing to see it through?

Then, Orange Corners is the place for you.

Find your own path and build your own business, starting at Orange Corners by applying below:

Orange Corners Nigeria is calling on aspiring entrepreneurs between the ages of 18-35 who are resident in Lagos and have Innovative business models in the Education, Health, Circular Economy, Agriculture, or Creative Sectors, to apply for the second stream of the Business Incubation Programme.

Benefits Include;

  • Designated co-working space
  • Training and Capacity Building
  • Business Incubation and Advisory Services
  • Mentoring Opportunities from Industry experts
  • Networking events to access market and partnership opportunities
  • Funding for prototype development

Deadline: Application is on until January 25, 2020.

Learn More | Apply Here

Market Place For Selling Your Ebook

It’s not easy to find a major publisher who is willing to get your book out there, but why leave your writing career in the hands of others when you can get your own ebook out there yourself. How about publishing your book in electronic form, as an eBook? You essentially produce it the same way you would a printed book, but without the paper and the printing (and the major cuts publishers take off each book sold).

Well, we are here to give you a list of websites to start you out in your career as a published eBook author. The following are places where you can sign up to sell your books. Most of the sites have zero sign up fees and a majority of the sale (if not all of it) will go to you. If you are not sure how to convert your ‘great idea’ into an ebook format, some of these services will even handle that for you.

Payhip

Payhip will help you do most of the hard work: host your eBooks and securely deliver the eBooks to your customers. It will also handle payments through PayPal for you; all you have to do is upload your eBook to start selling. Once your eBook is on the site, you can promote your book anywhere (Facebook, Twitter) with a link for your eBook page.

Sign Up [Free] | Royalty per Sale [100%]

Lulu

Lulu has a wide network of retail partners through which your eBook can reach readers, including the iBookstore and Barnes & Noble NOOK. You are even given the flexibility to set your own price. You can begin your eBook journey with their free eBook Creator Guide.

Sign Up [Free] | Royalty per Sale [90%]

Amazon Kindle Direct Publishing

If you know eBooks, you should also know what the Kindle eReader is. Publishing here would mean your books are on the Amazon Kindle Store and at the fingertips of many eBook users. Get started here or watch a video tutorial on how to publish eBooks on Kindle Direct Publishing.

Sign Up [Free] | Royalty per Sale [35% – 70%]

Smashwords

Publishing your eBook on Smashwords means it will be able to reach the Apple iBookstore, Barnes & Noble, Sony Reader Store, Kobo, the Diesel eBook Store, Baker & Taylor’s Blio and Axis360 and more. By registering, you’re entitled to free ISBNs and eBook conversion to 9 formats. Here is a comprehensive guide: Self-Publish an EBook with Smashwords.

Sign Up [Free] | Royalty per Sale [60% – 85%]

Kobo Writing Life

With Kobo Writing Life you can reach out to millions of readers in over 170 countries. It is a do-it-yourself eBook publishing portal which makes your book available within their main catalog, on any device. Just start out by bringing your own written materials to them in a simple Word document format and they’ll convert it into a complete eBook for you.

Sign Up [Free] | Royalty per Sale [70% – 80%]

PubIt!

PubIt!, powered by Barnes & Noble, is where you can self-publish your books, ideas, and content easily. It has a free conversion service to turn your work to be compatible with the NOOK, and other mobile or computing devices. You are however to pay them a slight cut off your royalty per sale since you’re able to reach a high number of readers through Barnes & Noble.

Sign Up [Free] | Royalty per Sale [40% – 65%]

Booktango

Booktango is a free service that helps you design a cover for your eBook and then helps you publish and market it. You can sell your eBook through their connection of major retailers which includes Barnes & Noble, Apple iBookstore, Kobo, Sony, Amazon, Google, and Scribd.

Sign Up [Free] | Royalty per Sale [100%]

BookBaby

A basic publishing package at BookBaby will cost you $99, a standard one $149, and $249 for premium services. The more you pay, the more services and support you will get like being able to personalize your eBook layout and graphic elements. However, regardless of packages you sign up for, you get to select retail partners which include Apple’s iBookstore, Amazon, Barnes & Noble, Sony Reader Store, Kobo and more.

Sign Up [$99 – $249] | Royalty per Sale [100%]

MyeBook

MyeBook is a free web service that allows you to create, publish and get your inspirational content for the world to read. If you have a few eBooks that you want to sell, you can promote your ‘bookstore’ through a link (myeBook.com/my/username). With PayPal integration, your payments will also be smooth and hassle free.

Sign Up [Free] | Royalty per Sale [90%]

Blurb

Blurb has an online eBook creator to get you started. Edit and design your eBook on a simulated Apple iPad display. Once you’ve finished editing the content and design, your eBook will be ready to be sold on Blurb or the Apple iBookstore.

Sign Up [Free] | Royalty per Sale [80%]

E-Junkie

E-Junkie offers a simpler alternative to selling eBooks – sell them in PDF format. They also offer eBook security through ‘PDF Stamping’ where the buyers name, email address and transaction ID will be ‘stamped’ on the top right corner of each page to discourage unauthorized sharing your materials.

Sign Up [$5/Month] | Royalty per Sale [100%]

Scribd

Scribd can help you manage and promote your work while keeping track of your sales and earnings. However, to be able to sell on the Scribd Store, you’ll require a seller account that is only available for users in the United States, Canada, Australia, and the United Kingdom.

Sign Up [Free] | Royalty per Sale [80%]

eBookMall

If you already have your eBook ready, you can list them at eBookMall and earn a percentage off every sale. eBookMall accepts both PDF and ePub formats. However, bear in mind that if you submit your eBooks to eBookMall directly through this program, your eBooks will not have DRM.

Sign Up [Free] | Royalty per Sale [50%]

eBookIt!

eBooktIt takes you through the steps of converting your writing into a professional eBook to be distributed through major eBook retailers which include Amazon, Apple, Barnes & Noble, Google, Sony, Ingram, and Kobo. You have to pay a fee for the processing and conversion of your writings into proper eBook formats, which cuts down the royalty that you can make from it.

Sign Up [Start with $149] | Royalty per Sale [50% – 80%]

Tradebit

It doesn’t matter if you see yourself as a poet or a technical writer – Tradebit enables you to publish your book/content/writings within a matter of seconds. You can start selling your file on eBay or on your homepage immediately. Download the Tradebit quick start tutorial here.

Sign Up [$4.95] | Royalty per Sale [70% – 85%]

ClickBank

ClickBank offers a unique online retail environment for digital products including eBooks. With a one-time product activation fee of $49.95, you are ready to promote your writings to more than 100,000 of ClickBank’s active affiliate marketers.

Sign Up [$49.95] | Royalty per Sale [50% – 90%]

PayLoadz

PayLoadz is a secure eCommerce service for downloadable digital goods including eBooks. Through the PayLoadz Store, your eBooks can be marketed to all PayLoadz users. The website has a reputation for tens of thousands of visitors today and is a great start to your eBook marketing campaign.

Sign Up [$14.95/Month] | Royalty per Sale [95%]

PaySpree

List your eBooks in PaySpree marketplace for instant exposure to thousands of potential new customers and affiliates. As a vendor, you are allowed to list one product for free. If you want to add more products there is a one-time Premier account ($29 to activate) which entitles you to list an unlimited number of products for life.

Sign Up [Free] | Royalty per Sale [90% – 100%]

Click2Sell

You’ll be able to publish and sell eBooks online without any startup costs. Click2Sell will store your eBook on secure servers and deliver it instantly to buyers after successful payment – everything will be done automatically for you. You will receive protection against illegal file sharing by customers as Click2Sell encrypts and protects it.

Sign Up [Free] | Royalty per Sale [90% – 95%]

Instabuck

With Instabuck you can sell digital products which also includes eBooks. With a premium account, you’ll get more features like product development and customer support handled for you. There is also an iOS app that you can use to keep track of your sales. With support of PayPay, ClickBank, and AlertPay, money is instantly paid to you.

Sign Up [$4.99/Month] | Royalty per Sale [100%]

For more on ebooks, check out How to Read .ePub eBooks on the Browser and if you tweet a lot then you might be interested in Converting Your Tweets into a Published Book!

Bookamaze

This is the India’s largest online books store for all your Books, NCERT, FICTION and EDUCATION as per needs. Whether you need schoolbooks for the students studying to school, books for the budding artists, degree books for college, or biography equipment for the reading, BookAmaze has it all.

Sign Up (FREE) , Learn more

Draft2Digital

They charge no fees for formatting or updating your book. When you distribute through Draft2Digital, and a reader buys a copy of your eBook, they take 10% of the retail price of that book, for that sale.

They only make money when you make money. They have no upsells, no service packages, no fees of any kind. Set your price to whatever you want—even free. Make as many changes as you want to your book, update the cover, distribute it to any and every sales channel you want—it’s your book, your choice, and your world.

Sign Up (FREE) , Learn more

 

Business Tips For Young Entrepreneurs

The first thing that could come to your mind, if you were asked to define a business, is a physical set-up, an imagined organization or a visible enterprise. There are two perspectives of business; we have the enterprise perspective and activity perspective.

The Enterprise Perspective defines business as that organization that makes, distributes or provides any goods or services which the society needs and are willing and able to pay the price such as Google, Amazon, Coca-Cola, Unilever, etc.

The Activity Perspective defines business as the human activities that engage the person using his or her skills and capacities to add value to a process in return for which he or she gets a reward e.g. Painting, Teaching, Farming, Trading, etc.

Before you start up your business, you have to consider the following factors;

(1)      Market Consideration: Every business is expected to serve its customers by providing goods and services at the time needed and at reasonable prices. Entrepreneurs must, therefore, evaluate the current and future market potentials of the product/service to be offered to the market.

(2)     Human resources: The entrepreneur must consider the availability of the necessary human resource that will drive the enterprise. The entrepreneur should ask the following questions:

(i)      Can we get the required skills to drive the enterprise from the labour market when needed?

(ii)     What is the likely labour cost of these required skills?

(iii)    Can the skills be easily acquired through training if not available?

The answer should be provided to these questions by the entrepreneur.

(3)     Locational Consideration: The entrepreneur must review the locational factors when planning to set up a small scale venture. He must consider, among other things, infrastructural facilities availability of supporting industries and services, community and labour attitudes, transport facilities state government policy and incentive considerations, etc.

(4)     Machinery and other technical facilities: The entrepreneur must establish the sources(s) of the required machinery and other technical facilities, either locally or abroad. Consideration must also be given to the maintenance of these facilities with reference to the required skills. The entrepreneur should consider the availability of spares and tools for the machinery.

(5)     Raw materials: For an entrepreneur going into manufacturing, he should critically consider the continuous availability of raw materials.

(6)     The entrepreneur should consider his lifestyle personality, attitude to life generally and sense of his responsibility: The entrepreneur needs to evaluate all the above human variables that enhance successful entrepreneurial endeavors against his person as objectively as possible. This involves self-examination and assessment.

(7)     Financial Consideration: Above all, an entrepreneur must consider the total financial requirement of kick-starting and growing the business. He should equally consider how to mobilize this amount.

(8)     Opportunities Identification and evaluation: to identify opportunity by entrepreneur demand strong alertness to possibilities or in some cases, establishment of mechanism that identify potential opportunities. Some entrepreneurs continuously design mechanisms of scanning the environment n order to identify emerging opportunities.

(9)     Ideas Generation: Establishing oneself as a successful entrepreneur depends to a great extent, on choosing a good idea. An idea must not only be good for the market but good for the project and good for the entrepreneur.

(10)     Ideas Evaluation: All the ideas generated should be collated and well listed. Each of these ideas should be committed to critical evaluation.

(11)   Selection of the most viable/ feasible idea(s): after the evaluation of various ideas on the above three criteria, the idea that has the highest point should be selected.

(12)     Development of business plan: Once an entrepreneur selects an idea for anew business venture, the next critical step is to prepare a business plan, which is a blueprint that maps out the business

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