Category Archives: Business Planning

6 Steps To Prepare For A Catastrophic Event

COVID-19 - who knew? Such a catastrophic global event has shut many businesses. Who knows how many will be able to re-open? One thing is for sure, if your business had a plan on what to do in case something catastrophic happened, it would be standing on much better ground today. So, as you look to rebuilding, make sure that one of the most important management tools in any business - Risk Management Planning - is something that you put in your toolbox. It only takes six steps to create your Risk Management Plan and be ready for a catastrophic event. But first, what is a Risk Management Plan? (more…)...
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Business Planning in the Midst of COVID-19

Here we are at the beginning of July and COVID-19 is still with us in some form or other. For many small businesses, we are still in or starting recovery mode. As I engage with our clients, a large proportion are still working from home, or have rostered their team into the office to keep numbers down. Things are still quiet and it is clear that "normality" is a long way away. This sense of being quiet and watching to see what will happen can lead to a dead-end though! Now, more than ever, "if you do nothing, a very strange thing happens - nothing!" So, despite business being quiet, despite our fears and worries making us psychologically frozen, despite not knowing what's around the corner, we still need to plan ahead. Here's what you need to do. (more…)...
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Time to Write Your Business Plan – And Here’s How!

Did you know that 8 out of 10 small businesses close down within the first 5 years of opening? But do you know what's worse? Of those that survive, less than 25% rate their businesses as "successful". More than 70% of small businesses who have existed for more than 5 years say that they are "struggling" or "surviving". How would you like to spend the rest of your business life struggling or surviving? (more…)...
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How To Write Your Own Business Plan

If you own and run a small business, you must know the feeling where you finish a hard day at work...and wonder how that could possibly have got you closer to your ultimate goal? It is frustrating because all of us started our small businesses with a clear purpose in mind. It may have been to "be our own boss" or to "invent a better mousetrap" or to "provide a balanced lifestyle for my family." But somewhere along the way, we went off track and now, all we do is go to work just to work hard! How can we get back on track on a day to day basis? (more…)...
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