Use a SWOT matrix framework and list of key questions to complete the second step of a SWOT analysis: identifying business weaknesses.
You're bound to run into hassles while starting your business. But, writing a business plan can help reduce friction and make the process run more smoothly.
Most healthcare practitioners aren’t trained to develop a business successfully. But to succeed at building a financially sustainable business, you need a strong organizational foundation. To protect your private practice from failure, take these essential steps.
Why add SWOT analysis into your business plan and the strategic planning process? The SWOT phase was vital to the planning process for Palo Alto Software, and helped the company grow from zero to over $5 million in annual sales. Here's how SWOT analysis helped PAS scale, and how to add SWOT analysis to your planning process.
If it's your first time writing a formal restaurant business plan, it's easy to make mistakes. In the competitive restaurant industry, however, it's good to be as prepared as possible—so here are the pitfalls to avoid.
There is no single right way to do a restaurant sales forecast. The best sales forecast method will vary according to how you manage information, how much past data you have access to, and what special factors drive your business. We'll walk you through an example restaurant sales forecast to help you build your own.
As an entrepreneur, you want to know your business inside and out so you can make informed, strategic decisions. To do that, a SWOT analysis is the key. Here's how to perform a SWOT analysis on your business.
Being right on budget is usually a good thing, but good management involves regularly reviewing your budget to check on the timing, efficiency, and results of what your business spends.