Let’s be real – even the best laid plans can use some outside perspective. As a leader, you may think you’ve got it all figured out. But taking a “my way or the highway” approach can backfire. Your team has valuable insights that can strengthen your strategy and avoid potential pitfalls. So how do you […]

A well-written business plan is an essential tool for any startup or existing business looking to grow and scale. Your business plan serves as the roadmap for your venture, outlining your goals, how you plan to achieve them, and metrics to track your progress. Investors and lenders also require a comprehensive business plan to evaluate […]

If you’re like most managers I know, the word “planning” probably doesn’t exactly get your heart racing. Let’s be honest – planning is kind of boring. It’s time-consuming and tedious, full of long meetings and nerdy analysis. But as much as we’d love to avoid it, planning is critical. A company without a plan is […]

If you’re a business owner or entrepreneur, you’ve probably spent time thinking about high-level strategic plans for your company as well as detailed business plans to execute on those strategies. But too often, those plans seem disjointed or misaligned, right? It’s easy to get caught up in the weeds of tactical planning and lose sight […]

All business plans rely on certain assumptions about the future. Your sales projections depend on assumptions about market size and customer demand. Your cost structure assumes future prices for raw materials, labor, manufacturing, etc. Every part of your plan, from headcount growth to capital expenditures, is based on assumptions you make about the conditions your […]

Every successful business reaches a point where they need to update their original business plan to support further growth and development. As your business evolves, your strategies, objectives, and even target markets are likely to change as well. An outdated business plan can hold you back from identifying new opportunities or overcoming emerging challenges. That’s […]

A well-developed business plan is crucial for any entrepreneur or business owner looking to start or expand their venture. It helps you clearly define your business goals and outline the strategies and tactics you will employ to achieve them. An often overlooked but critical element of the business planning process is budgeting – creating realistic […]

If you’re considering becoming a franchise owner, writing a strong business plan is a critical first step. A well-written plan shows that you have conducted thorough research on the franchise opportunity and helps you secure funding from banks and investors.  This comprehensive guide will walk you through the entire process of writing a winning business […]

Launching a new product or service line can be an exciting yet daunting endeavour for any business. With the right preparation and planning, however, you can set your new offering up for success from the start. A well-developed business plan acts as an invaluable roadmap for introducing your product or service to the marketplace.   In […]