Why You Should Update Your Business Plan Regularly to Drive Growth
What if you find your business coming to a standstill—or worse, if you start to see signs that your business might be failing? It's a scary moment for entrepreneurs, but regularly updating your business plan can help prompt growth and prevent business slowdown. Here's how to do it.
How to Write a Business Plan for a Subscription Box Service
The subscription box industry is growing rapidly, thanks to a steady revenue model and tapping into people’s love for surprises. If you want to start a subscription box business, here's how to write a subscription box business plan.
Start With an Initial Assessment
Start the business planning process with a quick initial assessment. Even for an ongoing business, take the time to step away from the business and assess your business opportunity.
Should You Stick to the Business Plan or Change It?
One of the hardest parts of business planning is answering this question: Do we stick to the business plan, or do we change it? Here's how to decide if you should stay the course, or revise your business plan.
What Is an Income Statement?
Confused by the income statement, and by your financial statements in general? Learn what an income statement is, including a line-by-line explanation of its components, and view income statement examples.
The Difference Between Cash and Profits
Never forget: Profits are not the same as cash, and understanding the difference between the two is an important part of running a successful business. Brush up on the crucial difference between cash and profits with this guide.
The Different Types of Business Plans
Business plans go by many names: Strategic plans, operational plans, internal plans, and many others. Here's a rundown of the different types of business plans, so you can decide which one is right for you.
How to Forecast Sales
Sales forecasting is much easier than you think, and much more useful than you imagine. It’s not about guessing the future correctly. We’re human; we don’t do that well. Instead, it’s about assumptions, expectations, drivers, tracking, and management. Here's how to forecast sales for your business.
