Blog
I’ve just finished a two-month period in which I’ve read more than 50 business plans as part of my role as judge of several major national business plan competitions and as managing investor of my local angel investment group. And I like reading business plans, so it wasn’t a sacrifice. But it did remind me that every so often, it’s good to go back to the five important fundamental principles of good business planning.
1. Form follows function
Looking to start or grow your high-tech entrepreneurial venture? Need financing to help fund research and development (R&D) efforts and realize your business potential? The U.S. federal government can help!
In fact, in 2012, nearly 5,000 small businesses received over $1.8 billion in federal government grants and contracts to help them carry out the R&D necessary to develop and bring high-tech products to market.
So how can your small business get in on the act? Here’s what you need to know:
What Can the Government Do for the High-Tech Small Business Sector?
Did you know that the world’s population already surpasses 7 billion?
Did you know that more than 95 percent of the world’s consumers live outside the United States?
U.S. exports of goods and services accounted for 14 percent of the national GDP in 2008 and climbed to 14 percent in 2012. These numbers show the growing role exports are playing in our nation’s economic recovery.
NOTE: This blog is by Pravina Raghavan, Director, Innovation and Technology at SBA.