I've often said that you should not start any business without a business plan. So are you surprised that I put this strategy step at the end of my Business Tune Up Program?
There's a good reason. A "strategic growth plan" is entirely different than a start-up business plan, and plotting strategy takes a deep understanding of what drives your business -- and your profits.
If you've followed my
Ready for part 3 in my 4-part Business Tune-Up Program? By now you know what really drives your profits; you have a dashboard that helps you keep track; and you have fixed any cash bottlenecks.
Now it's time to magnify all the good things you are doing in your business and watch the profits multiply.
How? By adding a strong financial foundation. That means relationships with bankers, lines of
Sorry to have kept you waiting for part 2 in my 4-part Business Tune-Up Program. This week I want you to find out what really drives the profit numbers in your business. Scrappy entrepreneurs often build very broad-based businesses -- which can become a confusing mix of high-profit and no-profit products or services. Let's uncover which is which and begin to fine-tune things like pricing, product
Entrepreneurs are an odd lot. We pursue a passion but end up with a business. Sure, launching a company seems like a good idea at first. We start with stars in our eyes, but end up married to the dreary demands of running a company.
If your business is not helping you pursue your dreams -- by generating both income and opportunity for you to do what you love -- then it's time for a bit of