There is a delicate balance between the fee you need to charge for your products and services, and the fee that people are willing to pay for them. But with gasoline, heating, shipping, health care, and other costs rising, there comes a time when you must raise your rates in order to remain profitable. Most people see their own costs going…
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WHY DO YOU NEED A BUSINESS PLAN?
A business plan is an important tool that allows a new business to map out the following 3 key elements:
What the business wants to do
How the business is going to do it; and
When the business is going to do it
While a business plan may seem like an administrative burden, many of our clients have found that a business plan helps them clarify exactly how they are going to execute their strategy and make the business successful. The plan will add clarity for the owner but can also be used to obtaining financing, attract investors, support growth, and provide a clear road map to your success.
To accomplish great things, we must not only act, but also dream, not only plan, but also believe.
Below are the best tips for dealing with overwhelm and increasing productivity. 1. Calm down. You cannot do any of these tips if you are feeling stressed. Do 5 minutes of something relaxing before trying any of these tips. 2. Set priorities and goals. Where do you want your business to be in 12 months? What is most important, right…
I had an interesting discussion this week with one of my clients. She’s been in business for six months and is ready to quit. (I have permission to share her story.) She writes, “I give up. Starting a business is so much harder than I thought it would be, so much more time-consuming. I was hoping to be making a…
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There are many small business coaches to choose from, so it helps to have clarity about what you’re looking for in a coach. Here are 15 tips to get you started: Start with their knowledge level. Small business coaching and consulting are skills, and it takes a lot of education and practice to master them. Because small business consulting and…
