Job Advertising Part 1: Define the Role
At some point in your business journey, you’ll need to advertise for a position and define this role – this may be to fill an existing role or the first time you’re adding a new person to your team in a specific area of expertise. Finding the right talent for your business is essential to […]
Your Business Plan Part 9: Marketing Strategy
The best business plan will be specific, realistic and importantly, a blueprint for success – and an integral part of success means a focus on the customer and client experience when they engage with your business. Today, we explore section 9 of your business plan, your marketing strategy, which will shape how your customers interact with […]
Your Business Plan Part 8: Financial Plan
While you’re in the process of building out your business plan, it’s a good idea to take a “macro and micro” approach. You’ll be deep-diving into specific market research, strengths and weaknesses, and your mission statement as the document develops, so every now and then, take a step back and review the business plan on […]
Your Business Plan Part 7: Competitor Analysis
Your business plan will continue to evolve as your business grows, and by taking a hands-on approach to the creation and development of this document, you’ll feel comfortable updating and revising your business plan as often as required. As an added bonus, a business plan that’s easy to comprehend will benefit your investors and senior […]
Your Business Plan Part 6: Market Analysis
A business is only as strong as the strategy and expertise behind it, and your business plan plays an essential role in bringing together not only your own specialised knowledge and understanding of the business but also specific data and industry insight. It is here in the 6th section of your business plan, your market […]
Your Business Plan Part 5: Market Research
If you’re considering purchasing a business, taking the time to create a thorough business plan is a wise first investment. For some business owners, they may consider working on this document only after the fact, but planning your purchase with your business plan beside you means that you’ll be able to hit the ground running, […]
Your Business Plan Part 4: SWOT
The cornerstone of success for any business is structured and strategic planning (SWOT), and your business plan is a critical component of this. As you work through your business plan document, you will gain a detailed understanding of what’s working, and what could be improved. Every business will have its own unique set of challenges and […]
Your Business Plan Part 3: Your Team
To prepare yourself for purchasing a new business, you’ll want to be well informed of all the ins and outs. Your business plan will bring together this information in a logical and clear structure – it’s the document you’ll be able to reference before, during and beyond the business purchase. The 3rd section of your business […]
Your Business Plan Part 2: Business Strategy
The process of completing a business plan empowers you to articulate all key aspects of the business you’re looking to purchase, and an essential part of this document is your Business Strategy. A straightforward Business Strategy is the 2nd section within your business plan, it will acknowledge the areas of the business that need improvement, […]
Your Business Plan Part 1: Executive Summary & Background
A comprehensive business plan will prove invaluable whether you’re in the research phase or close to finalising a purchase. A thriving business will always have a detailed business plan, supporting its longevity and profitability and assisting in obtaining finance for the initial purchase or future expansion. By putting this document together, you’ll view your prospective […]
