A business plan is the strategy around which you can determine the whole process, identify gaps, address them and put contingency plans in place. It helps you set deadlines, track progress, shift priorities, allow for contingencies and save yourself from looking a fool in front of customers, financiers and staff.
A business plan should be a one-page summary of your operation, visible to all and reviewed at least monthly. Here’s some tips for getting it right.
Good planning and execution will form the basis of your business success.
It’s a good time for business owners to review their operating structure, prepare for SuperStream and plan for the next 12 months.
DIY IP protection can end up giving you a nasty shock. The following are common mistakes that are made by when IP work is done by an untrained professional.
Rather than spending all your time working in your business, take time to work on your business with dedicated time to strategise.
So your business has being doing well and you have a decent, consistent profit at last. What happens next?
The most important thing is to recognise and accept that you are now bigger and can no longer run the business the way you used to.