Business Planning
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Business Planning
Are you planning to fail by failing to plan?
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Free Business Plan Template

Free Business Plan Template | Business Planning | Scoop.it

Every business should have a plan. If you're stuck where to start, download this template. It contains all the sections that you should include in the plan with useful tips to help you construct an effective plan.

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10 Strategies for Your Business Planning in 2014

10 Strategies for Your Business Planning in 2014 | Business Planning | Scoop.it

If you want to make the next 12 months more successful, more profitable, and more productive than the last 12 months, these 10 strategies are for you.


By the way, this list isn’t just for a new calendar year – you can revisit this list at any time and create a real turning point in your business if you’re willing to reboot, reinvigorate, and reimagine your business success.

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Start Planning Success for Your Business in 2014 Right Now ...

Start Planning Success for Your Business in 2014 Right Now ... | Business Planning | Scoop.it

On the internet nothing stays the same. This applies to the way the average person uses the internet for everyday surfing and how businesses need to conduct their day to day operations. What worked last year, month or week… may not work today. The internet is always changing and if your business isn’t adapting to these changes, you are putting yourself in a potential disaster zone.


When building a blog or business that will stand the test of time, you will need to start looking at three different core principles for your business. These areas are your Goals, Vision and Priorities for the business. Without these measures in place, you won’t have a path or guidance on the direction you want to take. Without direction there really is no business model at all.

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BSN's curator insight, December 28, 2013 3:37 AM

Start Planning Success for Your Business in 2014 Right Now

 

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10 Unexpected Things Every Business Plan Needs

10 Unexpected Things Every Business Plan Needs | Business Planning | Scoop.it

All great businesses may start with an idea, but the first step toward turning your idea into reality is creating a well-thought-outbusiness plan.


BusinessNewsDaily asked 10 experts to help us create a business plan template to help you get started. Each cited something nontraditional that they said every business plan

 must have. 

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Top 10 Ways to Position Your Business for Success in the New Year

Top 10 Ways to Position Your Business for Success in the New Year | Business Planning | Scoop.it

If you are one of the many business owners looking for ways to build business in the New Year, you are not alone. Close out 2013 with these activities in order to position your business for growth in 2014.


Via Elizabeth Kraus
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Five Steps to Raising Startup Capital

Five Steps to Raising Startup Capital | Business Planning | Scoop.it

Your start-up is off to the races. You’ve developed a product and won a handful of customers. But now you face the biggest challenge of your venture’s short life – you don’t have enough cash to pay your employees and suppliers. Should you shut down or can you convince investors to keep your venture afloat?

 

Raising that vital capital depends on how well you execute five steps to creating a winning business plan.

 
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Your Business Plan: Built for Excellence

Your Business Plan: Built for Excellence | Business Planning | Scoop.it

Successful businesses develop a clear focus and direction for future growth. A business plan is the foundation for such planning. It is the roadmap you follow to grow your business and ensure continuous quality improvement.  Improvement is derived from monitoring business strategies, embracing company values, working collaboratively with employees and ensuring everyone understands the company goals.  We have created a business planning model that will revolutionize the way you build your business plan.

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9 Reasons Why Business Plans Don't Get Funded

9 Reasons Why Business Plans Don't Get Funded | Business Planning | Scoop.it

A business plan is a blueprint of your business; what you want to achieve and how you plan to go about it. A well-written business plan can mean the difference between success and failure. Business plans may be internally or externally focused.

 

Depending on the target or goal of writing a business plan, it is always important to convey the ideas that will make the business succeed or attract the necessary funding needed if you are targeting an investor. These mistakes are nine of the common business plan mistakes that should be avoided.

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7 Top Reasons For Writing Or Not Writing a Business Plan

7 Top Reasons For Writing Or Not Writing a Business Plan : Many entrepreneurs and small business owners have never written a business plan and really do not see the need for one.

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Five tips for overcoming procrastination

Five tips for overcoming procrastination | Business Planning | Scoop.it

Every now and again in business we can be faced with a task that seems too hard, huge or horrible, causing even the most productive among us to become serial procrastinators.

 

At these times you will no doubt find your email inbox will be empty, your social media accounts will be updated (possibly multiple times) and every other task on your to-do list will be ticked off in a bid to avoid the task that is hanging over your head.

 

But as we have all found there comes a point when you can no longer avoid it and the task must be faced head on.

paulgreen's insight:

I was going topost this about a week ago....!!

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91% of Business Owners Could See Higher Revenue Using a Strategic Plan

91% of Business Owners Could See Higher Revenue Using a Strategic Plan | Business Planning | Scoop.it

The Alternative Board (TAB), the world's largest franchise provider of peer advisory boards and business coaching services, released the results of its quarterly, third-party Small Business Pulse Survey today - and the results are surprising. Although 76% of respondents say they believe having a written strategic plan increases overall business performance, 91% don’t have what they consider to be an “excellent” plan. In fact, 22% have no written strategic plan at all. While the majority of business owners are expecting the economy to improve, they admit they’re not in the best position to capitalize on it.

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7 Crucial Steps You Need to Know When Creating a Business Plan

7 Crucial Steps You Need to Know When Creating a Business Plan | Business Planning | Scoop.it

If you’ve ever had to create a business plan before, you likely know that it sounds much easier in theory than it does when you actually get down to doing it. Heck, all you have to do is figure out how much money you need in order to get started, how much the business’s operating costs will be for the next few years, and talk about the boat-loads of money you’re going to make both you, and your investors for the next twenty years, right?

 

Let us dispel any misconceptions you might have by answering that last question with a resounding NO!

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How to Turn Your Business Idea into a Business Model

How to Turn Your Business Idea into a Business Model | Business Planning | Scoop.it

One of the advantages of being a business coach is the opportunity to work with a lot of different businesses and business concepts, seeing what works and what doesn't.

 

I've been involved in a lot of different, unique and unconventional from ladies fashion to premium dog food.

 

Unique ideas can work. But they need to be commercially viable with the ability to be scaled and leveraged to handle increased volume and growth.


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How to write a business plan - 3 simple tips

How to write a business plan - 3 simple tips | Business Planning | Scoop.it

So you’ve got the million pound business idea - now all you need is a plan to make the dream a reality.


A business plan is nothing to be scared of: it's just a way for you to get your ideas and direction straight in your head. Simply answer these simple points, split into three key areas, and prepare to make your idea a success.

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Evaluate Your Business in 2013 Before Planning 2014

Evaluate Your Business in 2013 Before Planning 2014 | Business Planning | Scoop.it

As the year comes to an end, entrepreneurs look ahead to the new year. However, before setting new goals, they’ll do an end of the year review which will give them insight into what worked and what didn’t to plan for 2014. Now is the time to take stock of your business, not just financially, but also overall to determine what strategies to keep, which to tweak and what to stop doing all together.

paulgreen's insight:

Just a few tips here, but certainly worth evaluating where you are now before diving into where you want to get to!

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Successful Business Planning in 3 Easy Steps

Successful Business Planning in 3 Easy Steps | Business Planning | Scoop.it

As a business owner, we are so often engrossed in the actual working "in" our business that we loose sight of the need to sit down and reflect.


Reflect on....

What did I want to achieve in my business is 2013?

Did I meet those goals I had planned? If I didn't, then why?

Did I increase my turnover, client base or skills?

What do I want to achieve in 2014?

Do not underestimate the "power" of reflection, planning then acting on those plans. 

In the quiet weeks ahead, take the time to sit and think about what it is you want to achieve in 3 easy steps

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Preparing a business plan - 5 Good Reasons

Preparing a business plan - 5 Good Reasons | Business Planning | Scoop.it

Here are 5 good reasons for preparing a business plan:


1) To integrate the vision you have for your life style. 


2)  A major factor preparing a business plan is planning for expenses and income.


3)  Gets the ideas out of your head and onto paper.


4)  Working a plan forces you to work “on” instead of “in” your business.


5)  Preparing a business plan causes you to change the plan.

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Business Plan Outline - 23 Point Checklist For Success

Business Plan Outline - 23 Point Checklist For Success | Business Planning | Scoop.it

If you’re looking for funding for a new or existing business, you need a business plan. Your business plan gives lenders and investors the information they need to determine whether or not they should consider your company.


Your business plan outline is the first step in organizing your thoughts. And, when you follow the outline below, you ensure your business plan is in the format that prompts investors and lenders to take action.


In the business plan outline below, you will see the ten (10) sections common to business plans, and the twenty-three (23) sub-sections you must complete.

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If you're planning to start a business? - Make sure your business plan meets your ambitions.

If you’re planning to start a business, one of the first things you need to wrap your mind around is how much money you’d like your business to make in its first year of trading. As a business adviser, I’ve lost count of the number of start-ups, who somewhere along the line, have picked up the idea that as a start-up business, breaking even in year one would be a reasonable result and should set the financial forecast in their business plan…. Err Why!

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The 5Ws + H of business planning

The 5Ws + H of business planning | Business Planning | Scoop.it

What and Why and When And How and Where and Who are words we use throughout the day, but not necessarily together! Combining them gives a simple check that you’re you’re using the right approach for business planning. In this post, I’ll outline what to consider and link through to some posts giving more detail.

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8 Common Business Plan Mistakes

8 Common Business Plan Mistakes | Business Planning | Scoop.it

Often you may hear about what a business plan consists of. While including the necessary items is very important, you also want to make sure you don’t commit any of the following common business plan mistakes:

 

1. Putting it off.

Don’t wait to write a plan until you absolutely have to. Too many businesses make business plans only when they have no choice in the matter. 

 

2. Cash flow casualness.

 

Cash flow is more important than sales, profits, or anything else in the business plan, but most people think in terms of profits instead of cash. 

 

3. Idea inflation.

 

Plans don’t sell new business ideas to investors. People do. The plan, though necessary, is only a way to present information. Investors invest in people, not ideas.

 

4. Fear and dread.

Doing a business plan isn’t as hard as you think. You don’t have to write a doctoral thesis or a novel.

 

5. Spongy, vague goals.

 

Leave out the vague and the meaningless babble of business phrases (such as “being the best”) because they are simply hype. Remember that the objective of a plan is its results, and for results, you need tracking and follow up. 

 

6. One size fits all

 

Tailor your business plan to its real business purpose. Business plans can be different things: they are often just sales documents to sell an idea for a new business. 

 

7. Diluted priorities.

 

Remember, strategy is focus. A priority list with 3-4 items is focus. A priority list with 20 items is something else, certainly not strategic, and rarely if ever effective. The more items on the list, the less the importance of each.

 

8. Hockey-stick shaped growth projections.

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Do You Need a Business Plan?

Do You Need a Business Plan? | Business Planning | Scoop.it

Not everyone who starts and runs a business begins with a business plan, but it certainly helps to have one. If you are seeking funding from a venture capitalist, you will certainly need a business plan that is comprehensive, well thought out and demonstrates sound business reasoning.

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How To Write a Business Plan In 7 Easy Steps

How To Write a Business Plan In 7 Easy Steps | Business Planning | Scoop.it

If you fail to plan your business, it means you plan to fail your business. Planning is the pivotal part of business strategy. Therefore you have to be great planner to have flourishing business. If you already have something in your mind and you simply want to experience it practically, then you must have a little patience.

 

You must transform your ideas and imaginations about your business into writing. If you have a business idea or plan then the next step is to write a business plan.

 

Writing a business plan simply refers to describing your business idea. When you write a detailed description of your business, it will be easier for you to follow different steps and keep moving towards your business goals.

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Five Strategic Planning Questions You Must Answer

Five Strategic Planning Questions You Must Answer | Business Planning | Scoop.it
As a consultant, I encounter strategic plans that remain too broad.  It’s sad but true. They’re designed to appease everyone and leave room for interpretation.  From my perspective, there are two reasons for this.  It stems from fear or inability to have the tough conversations (and conflict) to get to clarity. Or it stems from the framework we often use in strategic planning which can force broader answers. To avoid being too broad, start by asking yourself the strategic planning questions below. On the surface these questions will seem simple and easy to answer, but when you start to address them, I suspect the answers will be more challenging than originally thought. 
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John Wade: Coach; consultant; mentor's curator insight, August 25, 2013 1:50 PM

This is very common, sadly - especially in the professional services markets where we operate a lot of the time.

 

Attempting to satisfy everyone in a partnership environment - where most firms begin, including those who have migrated to an ABS, LLP or Limited Company retaining their original partnership culture - ends up satisfying no-one. That means no progress, or as we have often seen the weakest or most risk averse effectively making the decision, and the business of being in business gets forgotten.

 

PSF governance is the biggest barrier to their progress. And internal conflict management - or more often avoidance - the biggest opportunity. Meaning internal political management is an essential characteristic of leaders...

John Wade: Coach; consultant; mentor's curator insight, August 25, 2013 1:51 PM

Read on - this could mean you!

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Too Much Planning Can Sabotage Your Productivity

Too Much Planning Can Sabotage Your Productivity | Business Planning | Scoop.it

Planning and productivity don’t always go hand in hand.

 

Just because you’re great at planning, doesn’t mean you’re actually getting anything done. The most successful people - entrepreneurs, business owners, and even everyday professionals - are those who actually make things happen. In fact, if you’re spending the majority of your day planning, you may be sabotaging not only your productivity, but also your career.

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Six Rules For Effective Financial Forecasting

Six Rules For Effective Financial Forecasting | Business Planning | Scoop.it

In order to maximize the effectiveness of business analytics and corporate performance management (CPM) software, finance professionals also look for sources of best practices. The Harvard Business Review’s “Six Rules for Effective Forecasting” is a useful document of best practices that any finance professional, in any industry, can use to uncover market trends and properly evaluate current forecasting processes. 

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