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Business Planning is ‘old school’…Reality or Rubbish?

Posted on 29/07/2014, 11:51

Business Planning is ‘old school’ … Entrepreneurship is about getting out into the big wide world and doing stuff – not simply researching and writing Business Plans!

Reality or Rubbish?

A respected Lecturer writing in the Harvard Business Review proposes that all aspiring entrepreneurs need to do is to focus on knowing their customers and testing their hypotheses to ensure business success. Building a product or service, and undertaking market research to test their theories about business challenges. He suggests that entrepreneurs will learn from their failures and grasp the true meaning of pivoting or changing to meet the needs of the market.

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Economic Growth – Opportunity or Threat?

Posted on 29/07/2014, 11:34

The latest economic growth figures issued last week confirmed that the UK economy has returned to its pre-recession peak and is now producing more than it has ever produced before – so shouldn’t business owners feel more confident (and prosperous) than ever before?

Growth is often the number one businesses aim, yet ironically enough, when growth arrives the sudden surge often brings with it not only great opportunities but also significant threats which can cause a company to falter or even fail. This is because often small business owners and managers lack the experience needed to meet the challenges of growth.

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5 Key Measures to Grow Sales and Improve your Profit

In or last article, “Measuring What’s Important” we discussed key performance indicators or KPIs. There are lagging KPIs such as financial measures that tell you what just happened and leading KPIs that indicate what your financials are likely to look like.

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Measuring what’s important

Following on from our previous blog in this series, “The Most Important Thing”, the next step is to translate your goals into action.  For this, setting your targets and measuring your performance against them is vital to making them happen.

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The Most Important Thing is the Most Important Thing

What do you want to achieve in your business? Every owner manager had their reasons for why they started out on that journey – what are yours? And more importantly, are they still valid, are you on track, or are your hopes and desires being frustrated?

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