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Tuesday, 21 October 2008 |
By Laurie Taylor
 Most entrepreneurs rebel against following rules. It's that go-for-broke attitude that has started many successful ventures and those ventures didn't start out by observing rules.
However, a thorough understanding of what stage of growth your company is in will provide a business owner with critical rules of the road that help business owners, with fewer than 500 employees, focus on critical aspects of their company.
As the President of a $12 million company that grew beyond my expectations, I struggled to find ways to engage employees in understanding what was needed to manage that growth. And I struggled against the overwhelming feeling of frustration in trying to manage all the challenges being thrown our way every day.
Once I began to understand the stages of growth and could articulate the rules of the road for our current stage of growth, those challenges became easier to manage. Why?
Because I was talking a language each employee in my company could understand and I could carve out three or four areas of focus instead of 20 or 30. It was getting |
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Last Updated ( Tuesday, 21 October 2008 )
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Monday, 20 October 2008 |
By how to write a business plan
 You perhaps know how to write a business plan and you would definitely not want to waste your time researching much about it. Even so, it is better to brief yourself regarding the mistakes you can make regarding your business plan, rather than wasting your resources by writing a second business plan after having finished one that is full of mistakes.
Helpful Tips:
1. A business plan is an intricate action plan, marketing plan, human resources plan or fiscal plan. Hence, adjust your business plan such that it best suits the sole intention of your enterprise. For example, you business plan may be to begin a new enterprise or develop an already established business.
2. It is not a hard project to write a business plan, since there are several reference books, that can guide you towards efficient business planning. At the same time, you can seek assistance of advisors from prominent business schools. In any case, you will still have the choice of accessing software dedicated to business plans.
3. A common error that most entrepreneurs commit is to |
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Last Updated ( Monday, 20 October 2008 )
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