No matter what business you plan to start in your next entrepreneurial endeavor you need to be thinking about writing a business plan. Even if you are not seeking funding for your new business or already have secured funds from family members, angel investor types, personal savings or partners. A... Read More
Is your business growing as fast and effectively as it could, or is it stuck at the same level it has been at for years? Research (Larry Greiner, 1972) has discovered 5 specific stages of business growth. Most business never grow beyond the second level. At this level, the business... Read More
After 128 years of business, a household word, Montgomery Wards, Inc., closed their doors forever and filed bankruptcy.With 258 stores and 28,000 employees in 30 states, Wards fell victim to competition from service-driven retailers like Wal-Mart, Home Depot and Circuit City. Wards claimed a "poor retail environment" for the failure.... Read More
So what makes a vision successful? Everyday companies try to create a vision that will lead them into the future but seldom does that vision ever impact the organization. The reason for this is that the vision is created by a few and never becomes a 'shared vision' of the... Read More
So you've decided to write your own business plan because you know the value that the experience will give you. With the books and software that are out there today you can probably sit down and complete the plan in a day or so, right? Plug in the numbers, add... Read More
It doesn't take a Terrorist Act, Tsunami or Earthquake to put a business heavily dependent on the internet in the dark and effectively out of business??for hours or even days into weeks.Actually, a misguided backhoe, a lightning bolt, a car accident involving a phone pole or cable box, a flooding... Read More
The decision to sell, or not to sell your business is a difficult one. There are many questions that need to be answered before an informed decision can be made. Is selling your best alternative? Will one of the kids want to take over the business? Timing is everything. Is... Read More
Remember reading "Alice in Wonderland?"She asks the Cheshire Cat, "which way I ought to go from here?" "That depends a good deal on where you want to get to," said the Cat. "I don't much care where," said Alice."Then it doesn't matter which way you go," said the Cat.Alice was... Read More
You have heard that there is extra money on the table marketing products related to yours. You have also heard that your direct competitors product is off the table. How unfortunate. Wouldn't it be nice to be able to profit from the hard work, expertise and quality of your competitions... Read More
Is there a 'magical' way to exponentially grow your business?It's about the timeless business principle known as "Re-investment".Look, one of the most exciting times for any new business is the time when effort begins to pay off. Finally, the sales are coming in and you have profit to show for... Read More
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People often ask "What makes a good business plan? Or,... Read More
I've either been involved with or held a process-related role... Read More
When someone mentions business planning we have been conditioned to... Read More
"Did you hear what your competitor is doing?" This question... Read More
When looking at Akron carefully one cannot help but notice... Read More
One of the quintessential parts to any business is your... Read More
With the help of balanced scorecard strategy map, it is... Read More
It doesn't take a Terrorist Act, Tsunami or Earthquake to... Read More
Where would your business be without a proper plan? A... Read More
Q: A key investor in my business has suggested that... Read More
David E. Gumpert, author of Burn Your Business Plan, often... Read More
After 128 years of business, a household word, Montgomery Wards,... Read More
We all agree Strategic Planning is a critical part of... Read More
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When you start your program to purchase your "ideal" company,... Read More
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When in doubt, cut that out! Yeah, yea, doubting Thomas... Read More
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"I don't need a business plan."Neither did Alice in Wonderland."Would... Read More
I. INTRODUCTIONThe term resilience, which is of frequent use in... Read More
Last week we talked about a few of the ways... Read More
Every new business owner knows that a business plan is... Read More
( * - the word 'product' can be substituted to... Read More
Human beings are rational agents. Rationality endorses one to take... Read More
How important is a vision statement to your company or... Read More
Many cities have home pages on the Internet. Many of... Read More
Business rises and falls on leadership. According to business guru,... Read More
Q: A key investor in my business has suggested that... Read More
David E. Gumpert, author of Burn Your Business Plan, often... Read More
So what makes a vision successful? Everyday companies try to... Read More
Many business start-up kits or consultants will tell you one... Read More
While writing an article recently on effective ways to bridge... Read More
This will make some people angry as hell, but it's... Read More
Cassy was an employee of a nonprofit who had been... Read More
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( * - the word 'product' can be substituted to... Read More
Here's a really simple way to make sure your plans... Read More
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"Rubbish!" shouted the large, aggressive man in the red-striped shirt... Read More
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A menu is the foundation of any restaurant; Guests will... Read More
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GETTING STARTED WITH SUCCESSION PLANNING: PART IA survey of 4,300... Read More
Part 1A few weeks ago I attended a seminar sponsored... Read More
If you own a pressure washing business one of the... Read More
No matter what business you plan to start in your... Read More
Strategic Planning |