5 Tips to Set Priorities (Pub: 7 Dec 2007)
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Business Plan: It is Worth the Effort? (Pub: 6 Dec 2007)
Studies show that a business plan significantly improves your chances of avoiding failure and 80% of businesses that fail have no business plan. Whether you are starting a business, buying a business, or running a business, a business plan is essential to your success.
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Business Plans (Pub: 20 Sep 2008)
Research shows that businesses that properly plan are significantly more likely to be more profitable and to achieve greater growth. Running a business without a plan is like going on a
trip without a map, sufficient gas, money, or even a destination. Just as you wouldn’t go on a vacation without some planning, no business can be successful without it. Putting that plan in writing helps you to think out a strategy for successfully operating and growing your business. Remember, if you fail to plan, you plan to fail.
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Implementation (Pub: 6 Dec 2007)
Having a plan is all very well but you can still fail unless you follow through correctly. Here's what you have to do to:
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NOW is When You Need (Pub: 24 Jul 2009)
According to a Dun & Bradstreet survey, 90% of business failures can be traced to poor management, lack of planning and under capitalisation. However, all these issues can be addressed by having in place an effective business plan since planning reduces the chance of failure.
Statistics show that a high proportion of business failures could have been avoided if they had developed and used a proper business plan. Research also shows that businesses that properly plan are significantly more likely to be more profitable and to achieve greater growth.
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Part 4 - Let’s Get Planning! Budgeting! Forecasting! (Pub: 28 Jan 2010)
In this, the last part of the series, we would like to recap and encourage you to get started on our 5 year’s budget. The New Year is already upon us and most of us are thinking… What will it bring?
We greatly overestimate what we can do in one year, and greatly underestimate what we can do in 5 years.
- Peter Drucker
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Plan Structure and Contents (Pub: 6 Dec 2007)
Having a clear and logical framework is the key to planning because it guides you through the process step by step.
The requirements for a business plan have been succinctly summarised by D Tweed (Massey University)
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Ready, Set, GOAL! (Pub: 27 Jan 2010)
Clearly defined goals are the corner-stone of any good business plan. They are the implementation of your business vision and their achievement is the measure of your progress.
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Some Planning Tips (Pub: 6 Dec 2007)
When preparing a business plan, remember that the purpose is to clearly state what you want to achieve and how you are going to do it. Here are some tips before you start:
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SWOT (Pub: 6 Dec 2007)
SWOT analysis is a tool that helps to build an effective business plan. So what's SWOT all about?
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