Finding Vision And Courage - One Man's Dilemma Shows What You Need

One man's dilemma shows what you need

Opening A Dollar Store - Inventory Turns are Important

When opening a dollar store there are many indicators of success. They range from bottom line profit to undesired employee turnover. However one of the most important is inventory turns.

Business Plan - The Executive Summary

The executive summary is one of the most important parts of a business plan, especially when you want to attract potential investors.

Can Your Business Be Attractive to Investors? Thoughts From A Business Coach

If your company is at a point in its history and experiencing solid growth where you are considering looking for outside investors for your capital needs, then you want to know if your business will be or can be attractive to investors. If you plan to search for equity investors, you should know that they will expect a significant return on their investment (20% to 50% is not uncommon) and many times within 5 years. These investors will look carefully at the candidate company to characteristics that include, but are not limited to: a solid and proven management team; potential company growth; solid business plan; and evidence of strategic thinking and planning in a strategic plan with vision, mission core values and short term & long term goals.

Why Strategic Planning is Important Even for Small Businesses

Small business owners mistakenly believe that the size of their business negates the need for strategic planning but the opposite is actually true. Its inherent size is actually what makes strategic planning more important because it can be means for a small business to gradually evolve into a huge and thriving multinational corporation.

Major Communication Tip For Successful Strategic Planning - Define Strategic Planning Terms First

One of the key elements in any endeavor is clear communications. This is especially true when doing strategic planning. So, my major communication tip to ensure more successful strategic planning efforts is to first provide basic definitions of major terms used in the strategic planning process. Having written definitions to hand out to all participants at the start of the process will help ensure that everyone knows the meaning of the terms being used throughout the strategic planning process facilitates this. Here are the definitions of major strategic planning terms that have served me well in all of my strategic planning efforts over more than 25 years.

Insights To Become More Client - Focused, According To Your Strategic Thinking Business Coach

We hear many companies and individuals claim that they are client-focused. And we hear that clients will leave if we do not focus on their needs and if we are not providing better services and products than others. If we pause for a moment and think about this, could it be that the client-focused concept we often hear about is almost always about the benefits to the provider of the services and products? Do you really want to serve our clients with the best service for their benefit or for your benefit? Here are ten (10) insights from Your Strategic Thinking Business Coach to assist you in becoming more client-focused.

Business Plans - Are They Really Necessary For Success?

Every successful business needs a business plan right? Isn't steering your business directly into unknown waters dangerous? Maybe, maybe not...

Business Growth - The New Rules For Bringing Innovations To Market

It's tough to get consumers to adopt innovations - and it's getting harder all the time. As more markets take on the characteristics of networks, once-reliable tools for introducing new products and services don't work as well as they used to. The efficacy of advertising, promotions, and the sales force has declined; it is more difficult for innovators to rise above the din of information from competing sources; and only hard-to-manage relationship skills seem to make a difference.

More On Strategic Thinking

On February 20th, I returned from St. Augustine, Florida, where I attended the 7th Annual Meeting of The First Tee (www.thefirsttee.org) and was a featured speaker on Strategic Thinking and Planning. It became clear from the reception and comments I received after my power point presentation, that I had accomplished my goal of sensitizing the attendees to the benefits of strategic thinking and planning and getting many of them to commit to starting the strategic planning process soon after they returned home.

Who Do You Think You ARE Anyway?

In order to write a vision for your business, the first step is identifying who you really are and what is important to you.

Expanding A Business Write A Plan

If you plan to jump into the fray, however, the first step is to create a solid business plan. Many small businesses start with a business plan based on guesses. The idea for you business plan comes to mind, its time to start the new business and you are all ready to go but the only problem is that you need money, so it is time to find the investors, angel investors and you will need to show them your business plan.

Don't Let the Process Derail Your Business Sale

Selling a business can be filled with pressure and emotion. Given that backdrop sometimes what seem like ltiile issues can put even good deals in peril. Be prepared for the process and you can keep the deal on track.