Tag: business planning

The Importance of Planning Ahead | The Startup Magazine

~ knjohn ~ Leave a comment

Sometimes surprises can be fun, but they are definitely not welcome in business, and one way to prevent those unwanted surprises is by planning ahead. Mapping out the future of your business can be tricky, especially with so many external influences at play, but it is not impossible. Looking ahead can save you a lot of stress in the long run and keep your business running efficiently and economically. So how is it done?

Goal setting in general in your business is a great way to stay motivated and keep on top of your aims as a company. Having a calendar with set dates to achieve your goals will help you to plan ahead and utilize your time effectively, as you have something specific to work towards. It is also important to make these goals achievable, not things like ‘become the world’s biggest search engine in a week’, because expanding a business is a long process. This may be your end goal, but it is not going to happen overnight! The little things are indeed important, so setting up a calendar to plan ahead to achieve these is imperative.

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How Entrepreneurs Should Use Their Accountants | Forbes.com

~ lmehit ~ Leave a comment

Being entrepreneurial doesn’t end at starting a business; it means constantly striving to perfect your business model and quickly and continually adapting to change.

While “big data” has become a buzz word and the ability to readily capture data to inform business decisions has significantly increased in recent years, overlooked in this data grab is the importance of financial data and accountants, specifically.

You may just think of your accountant when it’s time to file your taxes, but he or she actually holds the secret to how healthy your company is and what to do about it.

What the accountant has is a mass of financial data, and with the right amount of financial data, a good accountant can almost instantly identify a business’s strengths and weaknesses.

Are your costs of goods sold too high? Are your prices too low? Do you have a manager whose team is particularly productive?

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How To Choose Business Plan Assistance

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How To Choose Business Plan Assistance – Peter Mehit, WhiteBoard Partners

We have rewritten many business plans that were purchased from companies, real world and internet, that didn’t do what the buyer wanted causing them aggravation, wasted time and money. While some of the providers were unscrupulous, the majority of the time the problem was caused by a difference in expectations. To avoid this, you need to understand exactly what you’re buying.

Why are you writing a business plan?

If you’re writing a business plan as an exercise, then any method will probably produce acceptable results. But if you’re drafting a business plan because you want to have a map to success that details both the risks and rewards as well as exposing your blind spots, the process you use to make the plan is as important as the plan itself.

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