During my 20+ years of experience I have concluded that most business ventures fail not because it was a bad idea, but because it was a poorly implemented idea; or there were entrepreneurial mistakes that ended up driving the business into a downward spiral. If you are a startup business, what will set you apart from the rest is having a plan then having the discipline to act on it. Mistakes are part of the growing process....
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Summer is a good time to do some pruning on your business. Now is the time to recharge some of the areas of your business that may have been neglected recently. While you have been able to get away with a few loose ends and haphazard processes, to stay competitive in the marketplace you must make some changes in the way business has been conducted. Here is the business pruning checklist that will improve your bottom-line and...
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Well you will not die if you lack strategic planning. However, your business will most likely will. Strategic planning can be defined as an organization’s process of defining its strategy (direction) and making decision on allocation of resources to pursue this strategy. However, to determine the direction of any organization, we must know the current position and the possible realistic avenues through which it can pursue a...
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