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 […]
Environment Matters, Let it Serve You
Never again feel you’re lacking the support or systems you’ll need to build a business… “Do not be misled. Bad associations spoil useful habits.” -1 Corinthians “Friends are like your backbone. They are always there when you need support.” Environment matters BIG TIME in predicting your chances of success. (And increasing your happiness along your […]
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 […]