via HuffPost : Our business plan should set a consistent course for your company, but it needs to change over time. Most entrepreneurs will tell you that their business plans are the blueprints for their company, or are the Bible of the business they’re trying to build. It’s good to …
Read More »Entrepreneurs Who Write Formal Business Plans are 16% More Likely to Achieve Viability
via The Irish Time : It is fashionable in entrepreneurship circles these days to argue that it is better to act, improvise and pivot than to waste time on a 20-page plan that won’t survive first contact with the customer. In stark contrast, the “purposive planning” approach advises that a business plan …
Read More »Four Reasons Why Your Company Must Have A Strong Business Plan At Any Phase
Via Forbes : Having a business plan is like having a blueprint or a solid foundation for your company. Entrepreneurs and leaders know that, like the weather, business isn’t static. It changes over time with your business’ development. It’s also not just a single document that you write at the beginning …
Read More »Millennials learn how to build a better business plan
Via Inside Toronto : Having an idea is how businesses get started. But it’s the business plan that keeps them from stagnancy. A business plan is essentially the blueprint for a startup. “Having a business plan is incredibly helpful. It provides the structure for your short-term, mid- and long-term goals,” explained …
Read More »10 Surprising Things Every Business Plan Should Include
Via Business News Daily : It may be tempting to dive right in when you have a great startup idea, but failing to create a detailed business plan is where many entrepreneurs go wrong. A solid business plan can be the difference between just an idea and a successful business. It …
Read More »9 Key Questions To Ask Franchisors
Via Careerealism : The stories are legion about people who’ve breathed new life into their careers with a franchise or even a slew of franchises. But there are some pretty notable misses in the franchise business, as well. Just think Quizno’s or Curves, two franchise systems that, for different reasons, have faltered: …
Read More »4 ways to build a defensible business
Via TNW News : Defending against competitors is on the agenda of most businesses; be it a board of a huge company contemplating the next step to cement its position in the market, or a startup explaining to VCs how it will be defensible in the long run. No company can …
Read More »To Outsource or Not To Outsource
Via LinkedIn : Whether you are a start-up or a well established business, cost efficiency is the most important aspect to running your business successfully. While cutting costs is certainly an advantage, the fear of having your work done by someone you don’t know, in a country thousands of miles …
Read More »Business plan key planning step
Via Capital News : I want to share some insights today about how to effectively plan your first enterpreneurial journey. First, I want you to step back and identify if you are passionate about your new venture idea? For example, a photographer my be passionate about colour, light and capturing moments …
Read More »Growing Your Business: Strategic Leadership Skills for the Long Game
Via Entrepreneur : We’ve all heard startup success stories like Amazon, Uber and Airbnb. These represent exceptions, however — not the norm. So why do more than half of startups fail? Well. It can be due to their leaders. CBInsights found that it’s often is not having the right team. Another …
Read More »How to Write a Great Business Plan: Operations
Via Inc. : The next step in creating your business plan is to develop an Operations Plan that will serve your customers, keep your operating costs in line, and ensure profitability. Your ops plan should detail strategies for managing, staffing, manufacturing, fulfillment, inventory… all the stuff involved in operating your business …
Read More »How to Write a Great Business Plan: The Executive Summary
Via Inc. : The Executive Summary is a brief outline of the company’s purpose and goals. While it can be tough to fit on one or two pages, a good Summary includes: A brief description of products and services A summary of objectives A solid description of the market A high-level …
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