For all small business owners, a business plan is core to your company’s success. It’s a written description of your business’s plans for the future, and explains to potential partners and investors how you’ll get there. These documents usually look ahead three-to-five years into the future, and outline the path your small business intends to take to grow its revenues. Drafting a business plan is more than just filling in a template. While there is a formula to follow, it is critically important that you take the time before you write to think through your business’ true, factual goals, objectives, and projections. The big reason? Investors, bankers, and other funders will hold you and your company accountable to the projections and proposals that your business plan contains. Some questions to consider before you start writing: Where do I envision my company in five years? How many employees will I have, … Read More
Webinar: How Healthy Is Your Small Business?
In this webinar, host George de Bruin (an executive with 30 years of experience in the consumer goods industry) walked small business owners through ways to measure the financial health of their companies. George covered topics like: Does your company have a business plan, a long-term growth strategy, and a sustainable path to get there? How can you measure the health of your business? What should you look for when it comes to payroll and overhead? As in personal nutrition, understanding and measuring the health of your business is about sticking with a goal and being persistent. And: this applies to all businesses. In this free webinar, you’ll start planting the seeds and get a firmer direction on how to ensure you’re building your small business for sustainable growth in the long term. You can watch the recording here: George has provided the following Cashflow Template for small business owners to use. … Read More