Uncovering Hidden Risks: A Comprehensive Guide to Business Plan Risk Analysis

Risk Management Process - Business Plan

A modern business plan that will lead your business on the road to success must have another critical element. That element is a part where you will need to cover possible risks related to your small business. So, you need to focus on managing risk and use risk management processes if you want to succeed as an entrepreneur.

How can you manage risks?

You can always plan and predict future things in a certain way that will happen, but your impact is not always in your hands. There are many external factors when it comes to the business world. They will always influence the realization of your plans. Not only the realization but also the results you will achieve in implementing the specific plan. Because of that, you need to look at these factors through the prism of the risk if you want to implement an appropriate management process while implementing your business plan.

The Complexity of Today’s Employee Motivation

The Complexity of Today's Employee Motivation

When entrepreneurs develop their businesses, they often think only about external elements of their business instead of internal ones. Such a success factor is employee motivation.

They think about current and potential customers. They think about current and potential competitors. Also, they think about current and potential partners. The last on their list is thinking about their team, employees, or persons who will need to take the burden on their own shoulders…

Because of that, we are in a situation where our eyes are constantly focused on customers, competitors, partners… That’s not wrong. At a startup stage, it’s very important for the business’s success.

But what about the business and employees, organization, and systems? Because of that, I will talk about the employee’s motivation.

28 Causes of Resistance to Change

28 Important and Dangerous Causes of Resistance to Change

Managing resistance to change is essential to the success of all change efforts in each company. Dealing with resistance largely depends on your ability to recognize the real sources or causes of resistance to change.

Organizational change is an activity of transformation or modification of something in your organizational system. This activity’s primary purpose is to improve your business performance. You can’t find a person who would like to implement change if that change process brings results with which the organization will become worse or there will not be any improvements.

Develop Social Media Strategy for Your Business

How to Develop Social Media Strategy for Your Business

The popularity of social media sites grows each day. New players on the market complicate the situation for small businesses and what they need to use to be close to their customers. So, you and your small business need to develop a quality social media strategy and implement it in the right way.

If you want to achieve a certain level of success, it is necessary to start implementing a strategic approach. You, as an entrepreneur, must have a social media strategy for your business because, without the strategy, all your efforts will be useless.

Let’s look at what you need to develop a great social media strategy for your small business. But, first, let’s explain what social media strategy is.

5 Steps to Become Better at Management

three types of management skills

Learn how to successfully manage any team, regardless of the industry and number of employees.

A bad boss is an ultimate nightmare for every employee and the prime reason for leaving a company. An ineffective manager can cost the company a fortune and can ruin even the most talented team. However, the manager is only as good as the people he manages.

If you want to be a successful captain of your ship you need to know your crew and know how to get the most out of them. Even when there is a storm on the horizon, you won’t have to worry, if you have spent enough time perfecting a dance.

5 Questions In the Search of Inefficiency to Improve Efficiency


Inefficiency in your company can have really negative consequences. It is the opposite if your company is efficient, that means your company is effective and efficient at the same time.

I have seen many small business owners who simply suffer to bring back their companies in the right way. Some of them are doing really wrong things, and some of them are doing the right things but in the wrong way. In such a case, you can’t know what is worse.

When I work on improvement projects with such companies, one of the first things that I do is try to find answers to five important questions that will define my and the entrepreneur’s future work to fix the currently broken company.

Here are these five questions that I think will help you to start thinking about a more systematic approach to managing your company.