Small businesses would do well to set aside a little time to plan for 2014, experts say. If you’re ready to undertake this project, start by dusting off your master plan and developing some tactics to make your goals a reality in the coming year. “Your new year strategy should be a combination of vision […]
Tag: "small business planning"
You need to consider a plan for your business’ future. Prepare for the worst — the chance that you’ll suffer a serious injury — by designating and training an appropriate successor for your business, attorney Jack Garson says. And take into account the many other consequences by preparing contingency plans for taxes, loan obligations and […]
By Melissa Thompson, CEO of TalkSession Nurture your network; maintain your relationships. It is the innate power of a good founder’s network that will turn napkins into products and products into successful businesses. Recently, I was honored to attend StartUp Health’s Healthcare Transformer Summit, co-located with Cleveland Clinic’s Medical Innovation Summit. Thirty startups from around […]
By Adam Simpson, CEO of Easy Office Phone As an entrepreneur, it’s important to think about the big picture. But often times, it’s the small things that can throw a curve ball to growing a business. There are obvious factors that entrepreneurs need to consider, including goals, competitors, sales, etc. However, it’s more than just […]
State your long-range goals and the milestones you will have to pass to achieve them. Then make a timetable for accomplishing specific short-term business objectives that will enable you to reach your larger goal. As an example, your long-range goal may be “to be the largest manufacturer of computer furniture in the Northeast.” First you […]
A business plan will help you answer every question you have about your small business, so it is an excellent document to pursue even if you don’t need to attract investors or get a bank/SBA loan. You’ll be forced to analyze your marketplace, access the competition, profile your strengths and create a forecast for your […]