Running a business is a challenging endeavour. You want it to be profitable, run smoothly, and lead the market. Unfortunately, it won't happen so simply. A successful business takes ample preparation so that it can endure and prosper. Set your business up for success...

Many people choose to run a business for various reasons, such as being their own boss or achieving financial independence. However, starting a business is easier said than done and is by no means an easy task. Furthermore, there's no guarantee that a company will be...

"How often should I revise my company plan?" Always is the answer to that question. You should update your company plan every month, week, and day; as circumstances change, you should update your plan. And things are continually changing. When you're alone in the...

Make changing your business strategy a regular occurrence. Allowing your business to examine approaches (and their relevance) is a responsibility that all companies should give time for. This way, you can assess your overall performance. Read on to learn more about...

Planning is key to success, especially in the world of business. If you operate without planning, you put your business at risk. However, even if you create business plans, there’s always the chance that you make mistakes—costly mistakes that will hurt you in the long...

A business plan is essential to any business, no matter how established or new. It helps you identify your market and customers, as well as your costs and revenue. A business plan will also be instrumental in helping to assess and predict your profit, which is...

Business plans are essential to small businesses. They are important in securing financing, business development and strategic planning. To create a good business plan, you have to be organised, precise and rational. You have to be creative and detailed; you have to...

A business plan is the road map for your next 10 years in business. It's about the destination, and it's about the journey that leads there. That's why it's important. The typical business plan is designed to last three years. It starts with your short-term goals and...

When you decide it’s time to get your business started, it’s a good idea to figure out how to get the business off the ground. In the beginning, you might find that most experts recommend that you “get a business plan written” or that you “make some predictions” about...

A business plan typically contains the executive summary, the business description, the marketing plan, and the financial data. The executive summary is the first section, written in plain English and describes the business, its structure and its principal products...