Business Planning Trending Articles

When you decide to start a new business on your own, you have to be armed and prepared with a lot of at-hand tools and systems such as the good old SWOT analysis. SWOT analysis is a research method to show you your company's strengths, weaknesses, opportunities and threats at almost every single...

Running a small business is a difficult and challenging vocation, no matter what industry you’re in. It involves long hours, financial commitment and plenty of resilience. As I was enjoying my morning coffee today, I thought: Is there any field more competitive than the café industry in...

Whether it is the pre Christmas period, the beginning of the school year or even the summer, preparing for the busy season can be extremely testing for a business. Therefore, certain techniques should be employed to allow for an easy transition into what is always a company’s most demanding time...

5 Tips for Successful Business Development 1. Business Development Is Not Increasing Sales Managing the development of your business has a lot in common with conducting an orchestra. It’s a case of encouraging and leading the various differing components of your business forward, in harmony, to...

The most effective way to find this direction is through KPIs or key performance indicators. You cannot have the same set of KPIs for all businesses as they vary across industries. For instance, standard KPIs such as number of clients and percentage sales revenue might not be the right indicators...

If you've been in the business world for a while, then you definitely know the importance of creating a business plan before starting out. However, simply writing down a beautiful business plan is not enough to get your business up, running, and gaining sales. There's loads of...

Yogi Berra, the great American baseball player, once said, "If you don't know where you're going, you are probably going to end up somewhere else." There are an awful lot of people who plan, but very few who are able to implement their plan. It has been my experience that one of the reasons...