Category - Business Planning

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6 Key Must-Haves In Your Business
2
What You Might Not Know About Business Plans
3
Start Of The New Financial Year – Time To Write Your Business Plan!
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How To Write A Business Plan In Just One Day
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5 Steps To Getting Your Business Organised

6 Key Must-Haves In Your Business

When you are starting a business, or even as you grow it from the start and enter into a steady period of consolidation and wish to review your performance, it is useful to take a step back from the nuts and bolts of starting or running your business and consider what makes up a business.

Sure, you must have (hopefully) a great product or service and you must have customers.

But what makes up a successful business? What are the key ingredients you must have?

I created Teik Oh Dot Com in order to help small business owners implement these key ingredients that together make up a successful business, to be the small business owner’s one place to go to in order to find the practical processes to improve their business and become successful. You can subscribe to get these free tools and resources delivered directly to you by clicking on this link and signing up.

Importantly, I believe that when you start your business, you need to focus on six key must-haves in your business to set you up for success.

So let’s dive into the 6 key must-haves in your business.

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What You Might Not Know About Business Plans

If you are a small business owner looking for a reliable, structured way to grow your business your way, then you probably already know that a business plan can integrate all of your ideas about how to grow your business. You will probably have read and watched my blog post talking about how 80% of small businesses fail within the first 5 years, and of those that survive, the majority describe themselves as “struggling” rather than “successful”.

But here’s what you might not know – even if you are lucky enough to be running your small business without feeling the frustration of putting in all the hard work every day but feeling like you’re not getting anywhere fast, having your own comprehensive and actionable business plan will let you define exactly where you want to get to, help you get organised by setting long, medium and short-term goals, set you up with a clear strategic direction and effective strategies to implement to get you there, and allow you to write detailed step-by-step Action Plans that you can implement on a day-to-day basis to keep you on track toward your ultimate goal.

However, even though the need to write a business plan is a no-brainer, the actual process of how to write an effective and actionable business plan is anything but! Read More

Start Of The New Financial Year – Time To Write Your Business Plan!

In the blink of an eye, we are more than halfway through the calendar year and already two weeks after the start of the new financial year!

If you’re not careful, another year will slip by you where you haven’t really done much to make your business the success you want it to be. Now I’m not saying you’re not working hard, in fact, I’m saying exactly that: “you’re working too hard in your business, but not hard enough on your business!”

Don’t you think it’s time that you really did something other than work hard for no real progress toward your ultimate goal of a successful business that fulfils your passion and your dreams, gives you a great income and a balanced lifestyle?

The start of a new financial year is just the time to do something different. Read More

How To Write A Business Plan In Just One Day

If you own and run a small business, I don’t need to tell you about lack of time!

But at the same time, I’m sure you are also aware of how much a business plan can bring your business guidance and organisation as it plans for the growth of your business in an organised, coherent way toward your defined ultimate goal. I don’t need to tell you that a business plan will give a small business owner focus and clarity about what decisions to make, removing the feeling of chaos and frustration.

So what you need is a way to write an effective, comprehensive, actionable business plan in as little time as possible.

How does one day sound? Read More

5 Steps To Getting Your Business Organised

Those of you who have been following me will know that I have been developing a theme in my blog posts in the last few weeks.

In fact, I have an announcement to make in the video so I hope you will watch right to the end.

The theme I have been developing is how important a business plan is to any business, let alone a small business. How a simple business plan can keep you focused on your big prize; how a business plan can get you organised and remove confusion and frustration. I have also been developing the theme that you don’t need an expensive consultant to prepare your business plan for you – in fact how one that you prepare for yourself is so much better because you have intimate knowledge of your business and of your vision and purpose. Read More

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