Managing a Business

Ownership Shares and Your Business Plan

by Tim Berry Most business plans, particularly start-up business plans, need to deal with shares at several key points. Shares are shares in ownership. This is why we talk about shares of stock, and we buy and sell shares on the stock market. Now, the simplest one-person business has no need for shares because nobody...


Creating Passionate Users

Passion is a key ingredient in the recipe for successful products, and more importantly the people that create them – customers and creators alike. But where do you get it – and are there different types of passion? I’m going to tune you into a blog that might just help you figure it out. The...


Stand By Your Business Plan

  by Flickr user AZAdam This story doesn’t have a happy ending. In less than three years, Robert ended up with a failed company, no market and about $240,000 in debt. – TheStreet.com Stand By Your Business Plan, a true story about an unfortunate entrepreneur, serves as a good reminder that your business plan should...


Breathe life into Excel

Crystal Xcelsius has released a free version of their software that helps users create dynamic flash dashboards from excel data. This is a great tool to help turn boring financial presentations into interactive and engaging PowerPoint. You can even post your final creations to your web site. Free Download We’ve used the standard version of...


Debits and Credits

You don’t have to know debits and credits to do a business plan. As I say elsewhere, planning is not accounting. You don’t need to be an MBA or CPA to develop business plan financials. You need to be able to make reasonable assumptions and follow the financials, preferably using Business Plan Pro software. Still,...


SWOT and Teamwork

SWOT is probably the best tool there is for taking a strategic look at a company. It’s named for strengths, weaknesses, opportunities, and threats. It’s a very good first step towards analyzing any company, or developing business strategy. I recommend the SWOT be part of every planning process. It’s also an excellent tool for gathering...


Gather Your Team

Especially when you’re growing an existing business, you want the planning process to pull your team together, develop commitment, and accountability. Managers have to believe in a plan to implement a plan. They also have to believe that results will be tracked, and that managers will be held accountable for disappointing results and will be...


The Fresh Look

Back in the 1970s when I was a foreign correspondent living in Mexico City, I dealt frequently with an American diplomat who provided information about Mexico’s increasing oil exports, which were a big story back then. We had lunch about once a month. He became a friend. Then one day he told me he was...


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