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Strategic Planning Information |
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Strategic Planning Information
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SWOT Analysis Is No Magic 8 Ball Q: A key investor in my business has suggested that I hire a consultant to do a SWOT Analysis to help plan for the future. I try not to argue with my investors, but I'm not so sure I need to have this done. Menu Driven Business Planning A menu is the foundation of any restaurant; Guests will support or avoid a restaurant for its food. Starting with a preliminary menu is a simple and basic approach to restaurant development. Pave the Way to a Successful Strategic Plan Many very successful business owners may never have had a formal strategic plan. Some think, "Why do we need to do strategic planning? We're doing great just like we are. Business Plan 101 How to Write a Table of Contents No matter what business you plan to start in your next entrepreneurial endeavor you need to be thinking about writing a business plan. 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Dotcom Business Plans Archive Project One of the most important initiatives in the domain of business documentation is that of professor David Kirsch from the University of Maryland, who thought of a dotcom Business Plan Archive - , a project that consists of collecting business plans for posterity. The project was started in 2002, through the Web portal businessplanarchive. How To Get More Business During The Winter Months Business seems to drop, slow or even stop during the winter months. As tourist traffic slows or stops during the winter months so does the incomes of many local business owners. Corporate Venturing For Emerging Growth Companies The boom of the dot-com era in 1999 brought the emergence ofcorporate venture capital as a major source of funding to theprivate equity markets. Corporate venture investments peakedin the third quarter of 2000 with 608 deals totaling a combined$4. Is Plan B Ready? Business owners and entrepreneurs are, by nature, risk takers and adventurers. If we didn't have that "optimism gene" floating around, not much of any progress would ever get done. Succession Planning: Problems Getting Started A survey released by the American Institute of Certified Public Accountants in the spring of 2005 illustrates a widespread problem on the lack of succession planning [deciding who will take over running the firm when the current managers die or retire]. The survey found that 60% of responding certified public accountant (CPA) firms have owners who are in the 55-to-62-year-old age bracket, and more than half (56%) have at least one partner who will retire in the next five years. Be Like Bill - Think! Twice a year, Bill Gates goes to a remote island hide-a-way for a week at a time. No, he's not going for a fishing vacation; instead of rods, reels, and lures he takes market analyses, position reports, engineering reports, and opportunity papers. Strategy Without Tactics is Futile From time to time there seems to be a flurry of studies and surveys on effective communication in the workplace. As a communication specialist, I'm always eager to read these studies, but am often disappointed with what I see. I Always Play by the Rules and It Stinks! This week I coached a wonderfully lovely woman I'll call Jill. She's a bright woman, very compassionate and sweet. How To Prepare A Business Plan That Guarantees Big Profits It is always said "If you Fail to Plan, you Plan to Fail" Success in business comes as a result of planning. You have to have a detailed, written plan that shows what the ultimate goal is, the reason for the goal, and each milestone that must be passed in order to reach your goal. Writing a Business Plan for Success in Business and for Funding Writing a business plan to help you direct and manage your company is a key part of starting you new company that will help lead you and your company to success. 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