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10 Common Business Plan Mistakes
7 Parts to a Winning Business Plan - Small Business Trends
Everything that you need to know to start your own business. From business ideas to researching the competition. Practical and real-world advice on how to run your business — from managing employees to keeping the books. Our best expert advice on how to grow your business — from attracting new customers to keeping existing customers happy and having the capital to do it. Entrepreneurs and industry leaders share their best advice on how to take your company to the next level. Everything you need to help your business survive and grow as you adapt to the new world of running a small business in the age of the COVID pandemic. This Small Business Updates outlines the changes and answers common questions.
The Five Stages of Small Business Growth
Goal setting is one of the most important activities you can do in your small business, regardless of how old your business is, where you are located, how profitable it is, or what you sell. Goals help you stay focused and they can prevent your business from becoming stagnant. Your business goals keep you moving forward and set the stage for ongoing success. Although we often think of goal setting as something we do at the start of every year, the truth is that it is extremely important to work on your business goals all year long. You should be setting goals multiple times each year, tracking your progress, and refining the strategies you are following in order to achieve your goals on an ongoing basis.
For the first few years of business, most companies are focused on survival. However, prioritizing the growth of your business is one of the best ways to increase the chances that your company will not only last but also contribute to your economic well-being and a stable financial future. What can you do to get your business beyond the bare sustenance level? What can you do to turn it into the income-generating powerhouse you envision?