Benetrends Blog

A new study shows a remarkable increase in the number of minority-owned franchises in the United States.  If you are an entrepreneur considering opening a franchise business, the data shows the opportunity for business ownership. For many potential business...

Data from multiple sources yields good news when it comes to business ownership. The number of minority-owned businesses in the United States is on the rise. That is good news for those thinking of starting their own business. Yet many people of color still face...

Minority business owners face the same challenges as other entrepreneurs – developing a sound business plan, understanding the market and competition, and creating products and services that customers need. However, for many minority business owners, there are...

Of all the things to consider when opening a franchise, one would think the least important would be the exit strategy. This is a great time to think about the end game.  When the lifecycle of a business ends, the goal for an owner isn’t about the money that’s...

Benetrends understands entrepreneurs. For decades, we have worked closely with business owners to help them fulfill their ambitions.  With Benetrends, you will have a relationship that endures, covering all stages of your business development, launch, operations,...

Business roadmaps help chart a strategic path for your business and are a valuable complement to your business plan. With a business roadmap, you can quickly compare actual results against your assumptions and make adjustments to improve operations and profits. The...

Creating your business plan is a powerful process, designed to get you to think deeply about how your business will function, attract investors and customers, and become successful. Yet the business plan does not tell you every path to take, the twists and turns...

Your business plan is an essential document, designed to help you frame your business, market, competition, financials, and purpose. However, a good business plan needs to be revisited regularly as part of a continuous process of strategic business...

Entrepreneurs and small-business owners seeking help often use a business planning tool to assist them in bringing together their financials, research, projections, and market analysis. With the right business plan tool, presentations look sharp and data are...