Some Business Owners think you don’t need a Business Plan unless you’re trying to borrow money. Of course, it’s true that you do need a good plan if you intend to approach a lender-whether a banker, a venture capitalist or any number of other sources-for start-up capital or to fund the growth strategy in your […]
Why Do Businesses Create Annual Financial Budgets?
Introduction Ask most small/medium sized business owners what an annual budget is, and they will likely respond with something like: a financial plan for a firm’s future that projects revenue and expenses. Ask them if they have one, however, and in many cases, you will get a variety of excuses why they don’t. When running […]
Business Mentoring and Coaching – Whats The Difference
The terms business mentor and business coach are frequently used interchangeably. But, at the Top management level, ie Business Owners or CEO level, a Business Mentor is clearly distinguishable from a Business Coach. This post has been specifically designed to address the difference between the two. Having said that, in some instances a very experienced […]
Business Consulting-ERP System Implementation Guidelines
Introduction No matter what type of business you are in, implementing an “Enterprise Requirements Planning System” (ERP) solution is a critical project that must be taken seriously and must have backing from top management if it is to succeed. From concerns about cost and demonstrating ROI, to practical considerations about who will manage the process […]
How Can I Build and Run My Consulting Business More Effectively?
View Post Sometimes running your own consulting business can feel daunting, and at times the stress makes you wonder why you wanted to own your own business in the first place. But it doesn’t have to be that way! The key is to choose which types of medium-sized business owner you want to work with […]
