Tag - business planning

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1
What Type Of Business Plan Do You Need To Grow Your Business?
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Why Most Small Businesses Fail Within 5 Years
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5 Ways Writing A Business Plan Can Help You Grow Your Business
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Are Your Short Term Goals Aimed At Long Term Objectives?
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From Vision To Strategy

What Type Of Business Plan Do You Need To Grow Your Business?

A well-written, actionable business plan defines exactly what you want your successful business to look like and be like.

A good business plan examines where you are now and then takes you through step by step strategies to get you where you want to go.

An excellent business plan sets up systems to ensure you implement and follow through so that your business plan automatically set your priorities and create organisation out of day-to-day chaos.

The question is what type of business plan do you need to grow your business your way?

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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?

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5 Ways Writing A Business Plan Can Help You Grow Your Business

If you own a new or relatively new small business, and you are feeling frustrated working hard every day but not getting any closer to your goals, you need to read this.

Once you understand how a Business Plan can help you move from chaos to a cohesive series of steps to grow your business, you will know how to remove the stress and frustration from your life. Read More

Are Your Short Term Goals Aimed At Long Term Objectives?

Not many small businesses have prepared a business plan.

How can anyone risk their savings and their dreams to open the doors of their new business without a plan?

Don’t get me started! You wouldn’t go grocery shopping without some sort of plan – the shops you need to go to, the route to them in the right order, preparing a shopping list and taking it with you, making sure you have enough fuel in the car, working out where you will park.

Yet many people start or run a business without any plan at all – and a to-do list does not constitute a plan by which you should risk your thousands of dollars!

Now if you do have a business plan, good on you! It means you are taking this seriously, as you should!

But let me ask you this – are the goals that you have listed long-term goals or short-term goals? Read More

From Vision To Strategy

Last week I gave you a system to make your vision statement come alive and become a day-to-day measure of what you do, what decisions you make, and where you go from the now to the future.

If you haven’t seen that lesson on how to make your vision real, then go back to teikoh.com and search for the article and video lesson published on 29th January 2019. Go now, then come back here!

In that lesson, I talked about the four perspectives by which you should define your vision, making it real by describing exactly what your business will be like from these four perspectives, and therefore using them as measures on achieving your vision as well as guides on your day to day behaviours and decisions. Now, let’s dive deep into those four perspectives to see how you should use them to define where you want to go and how to get there.

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