Every business should do at least SOME business planning before starting or expanding operations. Whether that’s the two page version with targets, the five page variant with some analysis (more on that next week), or the 37 page detailed masterpiece, every business needs to do some of this. There are two basic steps to business …
Starting a Business/
Business Planning
From the days of ancient warfare, large armies have struggled with an inherent disadvantage: Sheer size presents an easy target for a quick and nimble attack force. The red-coated, regimented British struggled to fend off undisciplined American revolutionaries. The Vietnam era Americans could not defend themselves adequately from the pesky, unpredictable Viet Cong. In the …
One of the hallmarks of good business planning is being open to disconfirming information. Now let’s apply that principle to the decision on whether to do business planning itself. We think it’s a good idea, but maybe we’re wrong. Maybe it’s OK to do what most business owners do all the time: just wing it, …
Guest post from Ryan of Debt Consolidation Care Community It is imperative to make a business plan when you start a business effectively. A good business plan helps to reduce your chances of incurring business debt. Lots of people don’t give much thought to creating a good business plan and make costly mistakes. They incur …
Planning for Disasters: Scenario of Oil Spill In preparing for battle I have always found that plans are useless, but planning is indispensable. Dwight D. Eisenhower One of the ironies of the recent oil spill debacle in the Gulf of Mexico is that it is the oil industry that is most often credited with devising …
Business Planning: Part Two: It Doesn’t End at Your Plan Rolfe Larson is on vacation. This blog was written by guest writer Jan Cohen. Regardless of how thorough your business plan is, the start-up period always brings surprises. This is the second of a two-part series on lessons learned, based on experiences working with many …
Rolfe Larson is on vacation. This blog was written by guest writer Jan Cohen. When you start a new business, whether for profit venture or social enterprise within a nonprofit, you’ve spent a lot of time and effort on the business planning process. And now you are ready to “execute”. The start-up period always has …