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 […]
What exactly is Strategic Planning and Why is it So Important?
What exactly is Strategic Planning and Why is it So Important? A strategic plan acts as a guiding document on the vision and strategies for the organisation. This helps ensure all divisions, teams and leaders are aligned in their focus on a common vision and the strategies / actions required to be implemented to achieve […]
4 Keys To A Succesful Business Mentoring Relationship
Before addressing 4 keys to a succesful business mentoring relationship we need to understand the difference betwen mentoring and coaching. Some confusion exists between the sometimes-interchangeable use of the terms ‘coaching’ and ‘mentoring’ when applied to the development and support of leaders I believe the confusion exists because many people have been using the terms […]
12 Reasons Why You Need A Current Business Plan
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 capital company or any number of other sources-for start-up capital or to fund the growth strategy in […]
Why your business strategy should also fulfil your personal purpose in life.
Why your business strategy should also fulfil your personal purpose in life. When formulating your business strategy for growth, it’s important to be clear how that will also help you to fulfil your personal purpose in life. Research has confirmed that profit-potential for your business alone, rarely sustains people in the long-run. It’s really […]