Tag - business plan

Get FREE weekly ideas to grow your business

1
What You Might Not Know About Business Plans
2
Start Of The New Financial Year – Time To Write Your Business Plan!
3
Why Most Small Businesses Fail Within 5 Years
4
Make Your Vision Real
5
New Year, New Business Plan

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

Why Most Small Businesses Fail Within 5 Years

Business Plans Help You Succeed

Through all my years in business advising small business owners, I constantly watch for trends and statistics affecting small businesses. One of the most consistent statistics I always see whenever I check for the latest trend is the statistics that 8 out of 10 startup small businesses fail within the first 5 years.

That’s such a consistent statistics through the years that there must be something behind it. Surely 80% of small business owners can’t possibly be poor business people?

Read More

Make Your Vision Real

If you have been following my articles, you will certainly have heard me talk about the value of business planning for your business.

Yet you may have been put off preparing your own business plan because you think it’s too hard. Perhaps you think you can’t spare the time, or you think you may have to hire a consultant?

Or is it because you can’t see how a dry document can be brought to life for you to implement it?

What if I told you how easy it is to write your business plan and the key to making it a live document? Read More

New Year, New Business Plan

Happy New Year!

It’s a great time of the year to have some quiet time, recharge your batteries, have a rest and get yourself ready to take off in the new year.

At the same time, this piece of quiet and peace is also a great time to make some New Year Resolutions about your business and make some plans – a great time to write your business [plan for the year ahead!

Read More

Copyright © Teik Oh Dot Com. Developed by OTS Management Pty Ltd