Business Planning

Find all articles related to business planning to help you prepare and execute your business plan. Start planning now and make your dream a reality. You can start with the following articles:

  1. Business Plan Mindmap
  2. How to Build Your Own Business Plan Template
  3. Risk Management Process as a Part of Your Business Plan
  4. How to Measure Business Plan Implementation Results?
  5. 30 Things You Can Do With Your Business Plan

Set Up Your Business Goals Answering These 18 Questions

Business Planning / By
smart goals questions - business goals

In the small business world, everything that you and your company take or every action that you take is about the accomplishment of something as your business goals.

Are you a type of entrepreneur who manages your company without goals? The small business without proper objectives is the same as a man lost in the woods. Here, I would like to share with you 18 questions that will help you to set up your business goals.

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Why Does Your Business Plan Need to be Adjusted?

Business Planning / By

You’ve heard the old saying, “If you fail to plan, you plan to fail.” But, if you do plan, then you can make sure your business will succeed.

When it comes to writing a business plan, most entrepreneurs struggle to put down the essence of their company on paper. This can become a huge problem, especially as the business grows and requires a plan that reflects the changing landscape.

As an entrepreneur, you probably already use planning to ensure that your business is on the right path to success. The business plan is something that has a really powerful business potential energy stored in it. It is your roadmap to success.

However, at the same time, wrong assumptions and predictions that are possible in the planning process can become harmful to your business. 

Many business owners have a plan in place for their company’s growth—and they think they’ve got it all covered. But when the time comes to execute their plans, it turns out there are many elements that need to be adjusted first.

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5 Tips For Better Commitment to Business Goals

Business Planning, Business Potential Energy / By
5 Tips For Better Commitment to Business Goals

Each entrepreneur and their companies rely on business goals. How often have you set a goal in your head that you want to achieve, and you have not achieved it? The answer is probably many times.

Business goals are something that you must achieve. They are not a subject that can be set and forgotten. But, how can you increase efficiency in achieving your personal and business goals as an entrepreneur?

The answer is a commitment to achieve those goals.

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7 Business Plan Different Meanings

Business Planning / By
plan business plan

The business plan is one of the most critical business documents produced from the brain and pen of an entrepreneur. But, when we see them as a document the real worth from an entrepreneurial perspective is dramatically reduced. It is better to look at it as a business planning process.

Before several weeks, I  worked on a business plan for a new startup venture that I plan to start this summer. Working on that document lead me to walk in every aspect of that business in the future. After finishing the process I feel more prepared to start that business, and it gives me high self-confidence for the future.

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5 Business Forecasting Principles That Will Help You to Succeed

Business Planning, Forecasting / By
5 Business Forecasting Principles That Will Help You to Succeed

Business forecasting as everything that you do has its own principles that you must know if you want to implement successful forecasting for your business.

I’ve already covered some of the most important aspects of forecasting in the previous two posts in this series about business forecasting. You can read more about them at Entrepreneurial Forecasting – Some Questions Answered and Entrepreneurial Forecasting – Demand Forecasting.

Here, I would like to present five basic and most important principles of business forecasting. Those principles are something that must be in front of the eyes of each entrepreneur before they start with the process of forecasting.

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How to Make Demand and Sales Forecasting

Business Planning, Forecasting / By
demand and sales forecasting

The most important business forecasting is demand forecasting. If you, as an entrepreneur, know how much will be the demand for your products and services, it will be easier for you to forecast sales and costs that your business will make. After successful demand forecasting, it will be much easier to forecast everything else for your small business.

In the previous post, I wrote about some open questions related to business forecasting. This post is the second part of a series of posts related to business forecasting.

When it comes to forecasting, you simply want to find the following:

  • future behavior of variables (income, profit, sales per employee, region),
  • behavioral pattern and
  • prove that these behaviors will be relevant in the future.
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