You’ve got a great idea, you’ve got the passion, you’ve got the people... How do you bring it all together?
The answer is a business strategy. Put simply it is a plan that shows how you are going to achieve your goals.
Ask yourself where is your business now? Where do you want to take it? What do you need to get it there?
Topics: Business Support, growing business, start ups, entrepreneur, strategy, planning
Great mentoring will open doors, set direction and help you achieve your goals.
When you’re in the day-to-day of running your business and fighting fires, it can be hard to keep your eye on the big picture and focus on your goals. Having a mentor helps with this – not to mention giving your business a much higher chance of succeeding!
Topics: Training, Business Support, Programmes, Business planning
I wanted to start by talking about the importance of having a business plan… for your business. I emphasised that last bit, because it’s vital to what we’re talking about - it has to be a plan for your business. You can have a standard format, but you should not have standard content. There is no one-size-fits-all formula for writing a business plan.
I often talk about the importance of knowing your ‘why’. What is the purpose or reason for being of your business? Why are you doing – often at great effort and expense – what you’re doing? You need to be able to answer this before you can even start your business plan. Once you have, then developing your business plan will be like a roadmap for your business to achieve your objectives and vision.
A thorough business plan is priceless for any business, and if you’re trying to grow your business in a crowded marketplace, it could be your biggest asset.
Topics: Business Support, Resources, Business planning
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