Question Your Quality In your small business it is very important to think about quality, because customers are going to judge you on this. If you have a service business, consider what makes your offerings better. If you have a product-oriented business, think about what you can do to achieve … Read More
If there is new competition in your town or right next to your place of business then you might want to consider changing a few things to make your business stand out and be the best. It’s never a good idea to simply change prices or lower them immediately. Doing this may lose customers or even … Read More
In your small business, globalization is potentially more important than you realize, to make new customers all around the world and to capture new ideas from other businesses like yours from different parts of the globe to compare them with yours. Considering globalization can help your business so … Read More
A feasibility study is an analysis of the possibility of an idea. It focuses on answering the main question, “should I carry on with the idea I've got?” ...and it helps you find and reach your answer. A feasible business project is one that generates good … Read More
Once your brilliantly worded sentences and paragraphs have been linked together to form the pages of your convincing business plan, it’s now time to express it all rationally in numbers. Unless you've had experience with business financial management, or even if you have, creating the Financials … Read More
Possibly The Most Important Business Writing You’ll Ever Do! Everyone who makes the worthwhile effort to create a business plan is ultimately confronted with the realization they must somehow condense the most important points from a many page document into only one page (or sometimes 2…3 is the … Read More
I once attended a seminar which taught marketers they can literally differentiate ‘any’ product/service or brand. It removed my skepticism about developing competitive advantages forever. As a result I now know there are literally endless ways to create competitive advantages. It’s also … Read More
While a relatively small percentage of companies do formal business planning, far fewer make the conscious effort to embed business ethics into their strategies. Ethics = Legal + Moral Business ethics are the values that define acceptable business conduct and should stop a company from pursuing … Read More
Entrepreneurs generally create a business plan to facilitate outside funding for their new business venture. But, often they don’t realize they also need to choose what stage of business to seek outside funding and what funding source is best for their circumstances. Seed Money ‘Seed money’ is … Read More
Plans are Dynamic Why would a company that helps people prepare business plans make such a counter-intuitive statement? Well, to be honest, no matter how carefully people research and strategize, they will never be able to define the future 100% accurately...and the same is true with business … Read More