Business Management
Who Makes Up The Planning Team?
The answer to that question would seem to be easy if your business is a sole proprietorship and you are the only employee of the business. You are the planning team. Let me suggest that may not be the best answer. Even if you consider yourself a team of one, there are others that can help you develop a better business plan. A good place to start is with organizations in our community or online…
Read MoreDo I Need to Use a Dynamic Business Plan?
The word “dynamic” is defined as an Adjective: “(of a process or system) characterized by constant change, activity, or progress: “a dynamic economy”, or as a Noun: “a force that stimulates change or progress within a system or process: “evaluation is part of the basic dynamic of the project.” In a real sense both definitions could apply to your business. For example, if you are starting a new business or introducing a new product or…
Read MoreWhat is the Temperature of Your Business Financial Plan for 2018?
At this point of the year, yes, we are still in January, I would hope that you have all your planning wrapped up. If not, then this encouragement is definitely for you. It is also if for those who finished their planning prior to the end of the year and just filed it a way. Get that plan out, share it and make sure you have the action plans in place to make it…
Read MoreIt is Time to Go – How to Know When it is Time to Leave Your Business
Every business venture has a beginning and end for its owner. A great deal of time is typically put into the beginning of the business. The beginning or start-up phase is an exciting time for everyone concerned particularly the owner. Plans are written and re-written as assets are counted and typically to a lesser extend liabilities are considered. Once the business starts, then it is off to the races with little if any concern for…
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