Adjusting nimbly to rapidly changing business conditions, will keep your business in the “(k)now”. Stop waiting for the annual edition of Your Business – The Past 12 Months. Instead, stay ahead of the game with “Rolling Forecasts”.
A budget done right is a roadmap to the future. Many new and growing businesses aren’t aware of how much detailed work is involved in preparing the data. It’s a lot of effort, but having an accurate plan for the coming year is essential to your company’s success.Here are our top tips for making a budget that will work for you:
When it’s time for that much needed vacation, most people won’t jump in their car or head to the airport, without an idea of where they’re going. The same holds true in business. For most of us moving our company into the future requires a strategic plan.
Where would Microsoft be without Bill Gates? Google without Larry Page? Or the Miami Heat without LeBron James? For some organizations, net worth is directly linked to specific individuals. Otherwise known as human capital, Investopedia defines it as “A measure of the economic value of an employee’s skill set . . . the education, experience and abilities of an employee have an economic value for…
When 1 plus 1 equals 3 its time to consider a merger. What’s driving your main initiatives? If you’re like many executives, it’s competitive pressure. To ensure short-term survival or profitable growth, leaders are searching for ways to reduce costs and increase distribution channels. How? Frequently, the answer lies with those same competitors, especially in industries with margin pressure or slow sales growth.
Good news, business owners: it’s a sellers’ market. A confluence of factors—economic recovery, rising stock prices, low interest rates, and the long-term investor portfolio shift to business acquisitions—has created a perfect storm, but instead of getting battered by the waves, as in years past, this front can steer owners towards a profitable exit strategy. How can you capitalize on this opportunity?
Launching or restarting a business takes time and careful planning. It’s a venture fraught with challenges, often leaving leaders facing these characteristic challenges:
It may be the last stage of the strategic process, but it’s the most important. You’ve spent significant time and effort developing market intelligence and building a plan, but a poorly written plan that’s well executed is still more successful than a good plan that is poorly executed.
Business and vacations are alike in one way: once you’ve established where you’re going, a plan and a map to get there are very helpful. While even the best-laid plans require adjustments you are better off forging ahead with one than without one.
Whether you’re a new entrepreneur or the leader of a Fortune 500 company, doing business today presents universal business challenges. Managing the complications globalization, increasing regulation, new technology and a fast-moving economy all present requires precision and expertise. If you’ve lost your balance and find your organization in trouble, it doesn’t mean the show’s over. You can use these three steps to begin your recovery….