Whether you are making, or have made, a business plan, you know it’s difficult to get every key thought down onto paper in an efficient manner. Did you write your business plan in a hurry, only to never use it again and wing your venture? You need to go back and take an analytical look at your business plan so you can truly understand which direction you are going. Planning is one of the key factors for any successful venture. Whether you are looking for investors/banks to fund your business venture or you just want to give a more concrete approach to your business idea, a well-written comprehensive business plan is what you need to meet these goals. Based on it, you can craft your business strategy, both long-term and short-term.

I have uniquely customized the Business Model Canvas, providing all the questions you must answer for your business, keep reading to find out how you can get your free copy. One great starter tip for creating a great plan is to find real-world plans that have already been approved and study them, get a feel for what are the do’s and don’ts.

After creating, reviewing and approving a large number of business plans in my time I have simplified my top 10 tips for you:

10 Tips to Writing a Winning Business Plan

1. Start well in advance. Write down every idea that comes to mind while nurturing your business idea.
2. Begin with a statement of purpose. You should be able to explain your business in 25 words or less.
3. Research, research & research. Find your specific niche and know it well, from competitors to suppliers!
4. Get advice from mentors, friends, and colleagues. Different perspectives will allow you to grow. Without giving away your whole plan, a soundboard is always beneficial.
5. Use Simple language and avoid heavy jargon. Use visuals such as graphs, charts and images to make the idea clearer and more effective.
6. Include time frames and a realistic execution plan.
7. Do not keep it static, keep adapting and updating the plan as new developments arise.
8. Be realistic in your estimates. If need be get financial help to get the most accurate approximations for three years of projections.
9. Approach the problem from all angles. Visualise yourself as the consumer and scrutinize your concepts to each detail.
10. Use it! Most people leave the Plan in their closets once they start the business. Use it as a guide, keep updating it and allow it to remind you what your core values, missions and objectives are.

My Four Pillars of Writing a Business Plan: Extensive Research, Customized To Audience Needs, Who Should Write The Business Plan, Seek Help/Advice From a Mentor.

Stressing Tip 10, once you’ve finished it, USE your plan as a blueprint of your business providing information about various processes, value chain activities and resources. All major businesses constantly review and update their plans and make sure it continuously meets its needs, so be sure to do the same!

If you are looking for angel investors, then you must think like an investor when creating your business plan. Why should somebody invest their money to fulfill your dreams? To gain their investment and back and more! So your job is to convince investors / bank managers the potential of your business idea. Investors usually look for quick reasons not to invest, rather than reasons to invest. Think realistically about the risks of your business. Eliminate or reduce them. A business looking for capital can’t afford to underestimate the importance of business financial projections.

When you start detailing the various components of a business plan, it will enable you to envision how you would be running and maintaining the business. You’ll realize that many gaps will be highlighted which would have escaped review before. Be sure to include your vision/mission, marketing aims, operational and financial information, exit plans, skills needed, and details on the product/service itself.

Your brand matters. After all, your brand is WHO you are, WHAT you do, and WHY you do it. Remember – people are loyal to brands, not products.Trademarks protect brands. They are the foundation of every successful brand. That’s why it is important to trademark your brand.The single best way to protect your brand is with a Federal trademark.Here are seven legal reasons why you need to get a Federal trademark for your brand.

They Put the Federal Government to Work for You Protecting Your Brand

They Come with Nationwide Protection

They Deter Copycats

They Make Protecting Your Brand Easier

They Lead to More (and Repeat) Sales

They Make Foreign Registrations Possible

They Can Continue Indefinitely

They Make Protecting Your Brand Easier

Bonus Reason: They are Property With Real Monetary ValueReason #1 to Trademark Your Brand – They Put the Federal Government to Work for YouThe U.S. Patent and Trademark Office will immediately begin rejecting applications for trademarks that are similar to yours. In fact, the USPTO is legally required to refuse them. You can even ask the Department of Homeland Security to look for infringements at the border!Reason #2 to Trademark Your Brand – Nationwide ProtectionA Federal trademark comes with the legal presumptions of your ownership of your trademark in all 50 States, along with an exclusive right to use it and access to Federal courts to protect it.Reason #3 to Trademark Your Brand – They Deter CopycatsRegistration adds your mark to the Federal trademark database, where it will be found by competitors searching for new names. They will have strong incentives to steer far clear of your Federal rights, or risk having to rebrand.Reason #4 to Trademark Your Brand – They Make Protecting It EasierYour Federal registration will allow you to bring an action in Federal court for money damages. The threat of this potential legal option alone often causes infringers to stop. In this way, a Federal registration makes it much easier, quicker, and cheaper for you to prevent competitors from using conflicting trademarks.Reason #5 to Trademark Your Brand – They Lead to More (and Repeat) SalesTrademarks help customers find the products and services that they like. This helps make them repeat customers, especially for e-commerce businesses. Also, trademarks help customers recommend products and services to their friends. This is free marketing.Reason #6 to Trademark Your Brand – They Make Foreign Registrations PossibleA Federal trademark can be used to secure trademark protection in foreign countries like Canada, China, Mexico, and the United Kingdom.Reason #7 to Trademark Your Brand – They Can Continue IndefinitelyYour Federal trademark registration may not expire as long as it is used in “interstate commerce” and certain filings are periodically made. In fact, some of the most recognized brands in the United States today have been registered for over a hundred years. Mercedes, for example, was first registered in 1900. Pepsi-Cola was registered in 1896.Bonus Reason: They are Property Worth $Federal trademarks are property. They are the way you monetize a brand. The more your business reputation grows, the more valuable your brand can become. Federal trademarks can be bought, sold, licensed (like renting or leasing) or used as a security interest to secure a loan to grow your business.Why wouldn’t you protect your good name and hard work?Building a business that proudly offers quality products takes enormous amounts of hard work, dedication, and courage. The effective branding of those products also takes valuable time and creativity. Doesn’t it just seem right to protect that effort and investment? After all, think of the sales you might lose if another company opened up using your same name.Plus, rebranding will be expensiveAt some point, you might face a challenge from a competitor over your brand. If you don’t take the necessary steps to clear and register your trademarks, you could find yourself in a battle that you don’t want to fight. Rebranding is a nightmare that can be avoided by thinking ahead and acting earlier rather than later.In the end, it comes down to this:If you’re serious about your business and your brand, then you need to protect them. A Federal trademark registration is the single best way to do that.

With the passage of time, there has been continuous development in the world of solar energy, nuclear power, smart grid, electric vehicles, rail transportation, aerospace, aviation, and navigation. Therefore, this trend has increased requirements for power equipment performance. These days, the first generation of silicon materials is about to hit the theoretical limit that was originally determined. The third generation features a wider bandwidth, electron saturation, and thermal conductivity. In this article, we are going to talk about a new type of material called silicon carbide ceramics. And we will specifically discuss the applications of silicon carbide ceramics in different industries. Read on to find out more.

As far as potential is concerned, silicon carbide ceramic is the most mature choice. As a matter of fact, many of its indicators are much better than silicon. For example, it has a 300% higher bandwidth. Apart from this, the theoretical operational temperature of this material is 600 Celsius. Now, let’s talk about the different uses of this material.

Electric Vehicles

Since these modules can have a sustainable, intelligent, low carbon, and green development, we can say that the advantages of this material are primarily reflected in the following three aspects.

1. Simplification of the power supply Network and boosting the frequency

2. Increasing the temperature and reducing losses

3. Improving efficiency and reducing the volume

As far as power conversion is concerned, components made of silicon carbide cal can help improve performance. In electric models, the active load-bearing component is the electric motor. These motors have different rotational speeds. Therefore, these motors require repeated acceleration and acceleration during the process of driving. Therefore, the working condition is more complex compared to the speed regulating system.

Transmission Systems

If you have a silicon-based device, your best choice is are switch made from silicon carbide. This is because this material has an extremely low resistance. Therefore, it is an ideal choice for applications where high frequency and temperature are involved.

The thing is that this material can reduce the loss of power by up to five hundred percent. Moreover, it is possible to reduce weight and size by over 40%. Therefore, it can help have a positive impact on the grid configuration and adjustment of energy strategy.

Solar Energy Field

If you are looking for advice that can be used in solar inverters, silicon carbide is an ideal choice. It comes with a small size, reduced costs, and much higher efficiency. Typically, the conversion efficiency of these inverters is around 96%. But if silicon carbide is used, it is possible to increase the efficiency to 97.5%. In other words, these devices can help produce power losses by 25%. Apart from this, these inverters can help boost conversion efficiency significantly.

LED Lighting

These days, the popularity of LED devices that use silicon carbide is on the rise. The thing is that these LEDs are much brighter and can reduce the cost by up to 50%. They are 200% brighter than other types of lights.

Similarly, they have 10 times more thermal conductivity. In routine life, you can apply this type of lighting for different types of environments, such as color display devices, information screens, indoor lighting, and signal lights. The thing is that they can help reduce pollution and cost.