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Articles in Home | Business | Strategic Planning

  • Mind Over Money  By : Paul Nawlin
    As your mind goes so goes your life. Believe it in your mind and it will be manifested in reality!
  • Mtelligence delivers state-of-the-art Condition Based Maintenance  By : David S. Brooks
    Mtelligence principals spent the greater part of a decade experiencing customer pain first hand. Owner/operators spent a lot of time and money implenting EAM/CMMS systems to improve maintenance, and automation systems. It became clear that there was no solution on the market that would enable operations & maintenance systems to communicate, and harness the treasure trove of equipment information to improve reliability and uptime, and optimize maintenance.
  • The ingredients for a successful business plan  By : Maxim Garanichev
    Running your own business can be very rewarding however it is certainly challenging too. You'll find yourself working long hard hours and making difficult decisions day in day out, so it is definitely not an easy option. A heavy dose of realism and plenty of research is a must before you take that first step and approach your bank manager for finance.
  • 6 Tips On Making a Business Plan  By : Makabongwe Maseko
    The more homework you do before taking the steps to start your business, the better. However, keen you might be to get going; you run the risk of spoiling your chances of
    Success if you rush prematurely. Once you feel confident that you have done your homework, and would like a start.
  • The Three Enemies of Every Investor  By : James Delrojo
    Every investor, whether in stocks, options, futures, property, business or any other form of investment, has the same three enemies. These enemies have caused more investment loss than all other reasons put together. I will identify these enemies for you and give you some tips for defeating them.
  • 7 Tips To Organize The Perfect Business Meeting  By : Tudor Bran
    As most of you already know, organizing successful business meetings is all down to a good logistics and planning. Don’t give special attention to this and your meeting could become a total failure.
  • Writing A Business Plan.  By : Homer Farey
    The questions asked by my bank manager when I presented my business plan. Before he turned me down for a loan. Plus what I did to get started.
  • Does Your Cleaning Business Have a Mission Statement?  By : Steve Hanson
    Why does your cleaning business need a mission statement? A mission statement is an important tool that will capture the spirit of your business and clarifies the goals and objectives of your cleaning company. In just a sentence or two, a mission statement will let your customers know why they should hire your cleaning business to take care of their buildings.
  • How To Write A Business Plan And Make It Your Blueprint For Success  By : Dee Reavis
    If you don't write a business plan, you have a plan for failure! Give your fledgling business a chance for success by writing a business plan.
  • A Successful Business Financial Projection Can Be the Key to Securing Financing  By : CJ Pierce
    Good business financial projections can make a huge difference when it comes to securing capital for your business.
  • Failing To Plan Your Business Financing Can Be A Death Sentence For Your Business  By : Corey Pierce
    Most businesses start out thinking the first thing they need is a great business plan. The popular myth is that potential lenders will place great stock in your business plan as a major consideration for approving the financing you need.

    While a well written business plan will assist you when you are seeking financing, it is far down on the lender’s list behind things such as your business management team’s experience, your past business successes and your “lending charact...
  • Business - Strategy and Execution  By : cdmohatta
    Every company aims to formulate good strategy and execute that strategy well. But many times it is found that it was either good strategy, bad execution or bad strategy and good execution. Why and how to avoid this?
  • Business Plans And Marketing Schemes  By : Todd Lange
    The corporate community makes use of different terms in talking about business planning - business strategy, sales planning, marketing strategy, business plans, and marketing schemes. But as different as these terms sound or spell, they cover same principles -- how to improve sales and getting the company "out there". Efficient business plans and marketing schemes need to be strong, cost-effective, and most of all, realistic. As such, an efficient business plan considers seve...
  • Price Speed & Quality. Choose any Two.  By : J Dubo
    When it's all boiled down, these three factors are at the heart of any product or service traded in the business world. While the title of this article makes a snappy slogan, the message it carries is very valuable.
  • Ten Tips To Jump Start Your Business Plan  By : Dee Power And Brian Hill
    1) Rome Wasn't Planned, Funded, and Built in One Day

    The process of putting together a coherent business plan will probably take longer that you estimate (an incoherent business plan on the other hand can take as little as 20 minutes). Along the way you will probably stop and say, "you know, we haven't really thought our strategies out very well, have we?" or "we don't really know our competition as well as we thought we did," and you will take the time to hone your strate...
  • Strategic Planning: What is your Businesses Reason for Existence?  By : Justin Woolich
    As business owners and managers we are quite often caught up in the day to day work of running our businesses, dealing with clients, managing staff, developing new products and more often than not putting out fires. After all of this “work” is done there is no time left (or more importantly no energy left) to spend on what I consider to be the most important work that we face as business owners and managers, Business Development.
  • Business Mastermind Groups, the Forgotten powerful Business Strategy  By : Joel Chue
    A Beginner’s Guide to Business Mastermind groups. Answers to what is a Mastermind group and what are the benefits of a Mastermind group.
  • What Kind Of Capital Is Appropriate For Your Business?  By : Dee Power And Brian Hill
    There are two kinds of capital: debt and equity. Both kinds are typically used by a company during its lifetime. Lenders have different objectives than investors and therefore look at different factors about a company when deciding whether or not to invest or make a loan.

    Debt
    Debt is money borrowed, which must be repaid at a set time period and generates income for the lender over that time period. Lending sources include not only banks, but also leasing companies, facto...
  • Spring! And How Does Your Garden (Business) Grow?  By : Dee Power And Brian Hill
    The first step is to map out how large an area you want for your garden (business plan) and what types of seeds (new products) you want to plant (launch). You might try starting the plants indoors (test marketing) before exposing them to the perils of he natural elements (retail market). Don't forget to prepare the soil before you plant. You may need some soil amendments (new marketing VP) to give the seeds products) the best chance of sprouting (being profitable). Some garde...
  • The Enlightened Business Plan  By : Chuck Groot
    When people hear the word business plan they automatically think YUCK. Business plans are only for the bank so that they can get money or that it is a make work exercise in Business 101. Wrong! A good business plan is your road map to success. It is the course you set so that you and your company are on the same page and going in the same direction.
  • The Importance Of Preparing A Business Plan  By : David Sanders
    While employment is a surefire way of securing your future, there are always those who believe that entrepreneurship should be a priority not only among those who are already established in life but also for students who have just finished their studies. Other people believe that getting involved with a profitable business is still the way to go if one wants to be financially successful in the future.

    People who immediately go into business without any plan at all are the...
  • How Do I Build A Winning Business Plan? - Part 2  By : Neil Best
    Competitor Analysis - Keep it Real

    Failure to identify competitors in your business plan is a warning sign to potential investors that either:- you've not done enough research; you haven't acknowledged the competition you face; or that actually the market is not large enough to support any competition. You're not going to find anyone to invest in your business if the latter is true.

    It is much better if you acknowledge realistic strengths and weaknesses of your closest ...
  • Liberate your Time by Developing your Company Organization Chart  By : Justin Woolich
    Your company’s organizational strategy is centred around the development and communication of your Organization Chart. The Organization Chart takes the form of a graphical representation of the positions in your company.
  • Ditch the VCs and Angel Groups: Raise Funds for Your Business On Your Own  By : Stephen Furnari
    Discussion of an alternative to venture capital firms or angel investor groups for entrepreneurs requiring investment funds required to grow their business.
  • Next Years Planning  By : Paul Lemberg
    I'm amazed at how each year slips by just a little more quickly.

    Only a few weeks ago I was running the San Juan River in Utah - blazing sunshine and ninety degrees in the shade. Now it's Fall already. And hey, I live in Southern California - in some places it's almost winter. Friends of mine back East are talking about 30 degree temperatures - or colder. Even snow flurries.

    Blink - and it will be November, then Thanksgiving, and right its heels - New Year's. All of whi...
  • How To Get Things Done: A Guide To Strategic Planning  By : Paul Lemberg
    A step-by-step program for creating a strategic plan and tactical plan guaranteed to help you get more of what you want done.

    You are pursuing a strategy en route to your vision. Whether it is revolutionary or evolutionary, it does not matter. You are on the road, committedly driving your business in a direction of your own choosing. The important thing is that you have, in fact, chosen this course.

    And, once you have made this choice, how are you going to realize this ...
  • Change Management In Practice: Why Does Change Fail?  By : Jonathan Palmer
    “Resistance to change may be active or passive, overt or covert, individual or organised, aggressive or timid……… and on occasions totally justified.”

    Sadly most significant change fails to meet the expectations and targets of the proposers. The failure is given the catchall name “resistance”, yet resistance can be principled and creative as well as from vested interest. Top management is frequently unreasonable in its expectations and time scale, forgetting the process it...
  • Make Your Business Powerful - Create a Plan  By : Jennifer Givler
    Writing down your goals increases your chances of achieving them by more than 70%. A business plan is one simple thing you can do to take your business to the next level. If you think you don’t need a plan, here are three great reasons to create one – even if it’s a simple one-page plan.
  • 3 Key Strategies to Strengthen Your Business!  By : John Navata
    All three of these strategies will work for your business. But they will always be even more effective if you spend some time every so often reviewing your business plan, setting new business goals, and taking a close look at your web stats and other areas of your business where you could make improvements.
  • 17 "Must Ask" Questions for Planning Successful Projects  By : Adele Sommers
    Why do some projects proceed without a hitch, yet others flounder? One reason could be the type and quality of the questions people ask at the very start. This article suggests 17 insightful queries that can expose the uncertain aspects of your project, and thereby help you avoid expensive surprises later. You can thus achieve your project goals with much less guesswork and far fewer problems than you may have experienced in the past.
  • Successful Merger Synergies – How To Make It Work  By : Jim Estill
    “We tend to overestimate what we can accomplish in a day and underestimate what we can accomplish in a year.”

    This is particularly true in the case of mergers or acquisitions. Recently, a company I founded, EMJ, was acquired by SYNNEX. Prior to that EMJ had acquired 12 other companies. The following is a list of lessons I have learned on how to do a successful merger.

    1. Challenge assumptions: Most management thinks all companies work more or less the same. This is not...
  • The Secrets Of Strategy - Part 2 Of 2  By : Paul Lemberg
    Of course you've heard that when you do what you've always done, you'll likely get what you've always got. In this case that means playing the tactical game: coming up with acceptable--or worse--comfortable options and executing them as time permits. Likely, what you'll get is business as usual, and things will be... well, they'll be fine.

    But "fine" may not be what you're after, and you are probably reading a series called "How to Create Strategies That Work" so you can d...
  • The Secrets Of Strategy - Part 1 Of 2  By : Paul Lemberg
    A step-by-step guide to creating a growth strategy based on your current situation and future possibilities.

    I'll bet you think you already have a strategy.

    And well you may, but strategy as a concept is just like love: much used and little understood. Many businesses (and that includes small entrepreneurs, large corporations, non-profits, community organizations, governments, NGOs...the works) neither know what strategy really is, nor how to get one.

    And even if ...
  • 10 Questions To Consider When Growing Your Business  By : Paul Lemberg
    Here's a provocation for the coming year, decade, century or millennium.

    By now, you've set a working direction for the year, established clear-cut objectives. Your first-iteration plan to reach them should be in place. This now seems like an ideal time to rethink the whole thing, doesn't it? After all, one of the effects of internet time is that plans are subject to change just as soon as - or perhaps even before - they are written.

    Along these lines of thinking, perha...
  • What One Thing?  By : Paul Lemberg
    A few weeks ago I asked my readers what the most important issue was in their business. Hundreds responded with a variety of answers, but one of the most common was, "How do I get everything that needs doing done?"

    Happily, I have an answer for this question, but like many things in life, it carries both good news and bad news. The good news is, if you are one of those fortunate few with access to unlimited resources, you can get everything done.

    But that's really the...
  • Higher Prices Lead To Higher Profits - Part 2 Of 2  By : Paul Lemberg
    In the first part of this series we looked at the effect prices have on profits. A change to the upside can have a wonderful effect on profits while reckless discounting and careless price reductions will surely have a disastrous one. If you don't fully understand the implications, or haven't read Part 1, go back and do so now. (http://www.paullemberg.com/higher-part1.html)

    By now you may be asking yourself, "What should my prices be?"

    Before you go start changing pric...
  • New Year's Planning - Critical Success Factors  By : Paul Lemberg
    Whatever time of the year it is, you have probably set a working direction for the rest of the year, including clear-cut objectives. Your first-iteration plan to reach them should be in place. This now (whatever time it is - if you are thinking about it) seems like an ideal time to rethink the whole thing, doesn't it? In our sped-up 21st century world, plans are subject to change just as soon as - or perhaps even before - they are written.

    If you haven't already done so, n...
  • Why Business Plans Don't Work And What To Do About Yours  By : Michael Clark
    I am often asked to assist with writing business plans. While a business plan is often needed when you are getting financing for your business, I find that most business owners don’t find them very useful. Why not? Because usually they are written from a very long term frame (typically five years) and once they are written, they are put on a shelf and never looked at again. I’m going to suggest some ways that you can get more out of your business plan.

    1) Review your busin...
  • How To Write Killer Business Plans - Part 1  By : Neil Best
    First The Bad News..

    There is no single magic formula for developing a winning business plan (But you knew that anyway. Right?)

    And Now The Good News..

    There are some common elements which seem to appear in every successful business plan, that can be successfully modelled by everyone in business. (Hooray!)

    The problem is that generic / formulaic plans (perhaps built using a business plan template) are easily "seen through" by professional investors and plan revi...
  • Your Business Plan: 9 Places To Look For A Great Opening Line  By : MaryAnn Shank
    There it is. That blank screen with the little blinking line. And everything sounds so mundane.

    Jake’s Bakery will serve the best cakes in the county. (Yawn.)
    I researched the industry and found that it is fail-proof. (Yawn.)
    We came together to form a really good business. (Yawn.)

    It’s kind of like, “Hey, what’s your sign?” Everybody knows why everybody is here, but can’t I come up with a better opening line?

    Even the most prolific writers get blank screen-itis. T...
  • How To Create A Killer Business Plan!  By : Jake Sebastian
    Are you considering starting a business or are looking to make your business larger or more efficient? The the first step is to sort out a proper business plan. Business plans are a great way to make sales projections for your business and to lay out all the steps that you need to go through to make your business larger or to start a new business. A business plan will take you step by step through all the areas that you need to be considering. It will also include profit proj...
  • Write A Winning Business Plan-The Neatest Trick In The Book  By : MaryAnn Shank
    “Writing a business plan” sounds really tough, and it can be. But there are a number of things the smart entrepreneur can do to make it easier.

    For instance, justwhatkindofstuffyouthinkgetsreadlikethis? Imagine pages full of that, with virtually no margins, no paragraph breaks, no breathing room. Lenders, investors and angel investors are confronted with piles of business plans like that every day.

    Take a breath. Then lure your reader into the plan with snappy headlines...
  • How To Use An Action Plan  By : Jude Wright
    Having a plan and executing that plan are two different things.

    Planning is good but it won't get you anywhere.
    Execution is good but without a plan, you won't get to where you want to be.

    I find that many online business owners tend to lean toward one and not the other. Which category do you fall into?

    While most people tend toward one or the other, it's the successful combination of planning and executing that will actually make a business successful. Help yoursel...
  • How To Develop Your Own Personal Mission Statement  By : Dana Goldberg
    Your personal development and motivation is the key to a successful and happy life. If you want to feel fulfilled from day to day then you need to know what makes you tick and how to get it. You need to be able to meet your goals and even exceed them and with a personal mission statement you will be that much closer to being in the position to do so.

    Even businesses are getting in on these mission statements. They are a great way to make it known to yourself and others jus...
  • Getting Started: Creating a Business Plan  By : Michael Hehn
    Some thoughts about getting started with any kind of business.
    This article will show you how important a business plan is when
    starting anew business.
  • Financial Incentives for Your Business to Use Solar Power  By : Solar Man
    When it comes to running a business, much of the necessary focus is on the bottom line. Many businesses, however, fail to realize they can seriously cut energy costs by going solar.
  • Strategic Planning In The Business World  By : Noel Matthew
    Strategic planning is a method of planning events in a strategic manner in order to accomplish the goal at hand. This type of planning works by looking at the whole picture and you then figure out how you are to get from one place to another. Probably the most important example of strategic planning is that which is done in the military. In this example, we could say that the strategy is to overtake an area while the tactical planning is how you will fight each battle. The st...
  • Design For Six Sigma  By : Peter Peterka
    Design for Six Sigma (DFSS) is the application of Six Sigma principles to the design of products and their manufacturing and support processes. Whereas Six Sigma by definition focuses on the production phase of a product, DFSS focuses on research, design, and development phases. DFSS combines many of the tools that are used to improve existing products or services and integrates the voice of the customer and simulation methods to predict new process and product performance.
    ...
  • How Do I Build A Winning Business Plan? Part 1  By : Neil Best
    Using sample business plans and their structure, along with studying as many business plan examples as you can, will provide you with the necessary framework to consider your business from every possible angle.

    Starting or running your business without a business plan is akin to being a human without a skeleton!

    Not only will using a sample structure highlight any areas you haven't fully thought through, but it will also provide you with a good idea of what makes a goo...
  • Developing a Business Plan!  By : Hans Hasselfors
    There are many important steps to consider when developing a business plan for your company, but the first step is to fully understand the main uses of a business-plan. The four main uses of a business-plan are as follows:
  • Creating a Business Strategy  By : Hans Hasselfors
    No matter what kind of business you have -- whether you sell products or a service, as the saying goes, "if you fail to plan, then you're really planning to fail."
  • The Number One Reason For Business Failure!  By : Hans Hasselfors
    Ralph Waldo Emerson said, "Build a better mousetrap, and the world will beat a path to your door."

    But when you're starting your own business, there's no guarantee that your "mousetrap" is going to survive, especially in today's fast-paced business world.
  • Your Business Plan Will Become Your Partner  By : Hans Hasselfors
    Are you planning to start a new business? Or are you considering expanding your current business and require a bank loan or investment from outsiders?

    If you are going to look for an investment of capital it is quite likely that you will be required to have a business plan. If you are starting a business, despite the work involved, a business plan can prepare you for the obstacles ahead and help ensure your success.

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