Tag: strategic

  • For Best Results, Start Your Strategic Planning Early

    For Best Results, Start Your Strategic Planning Early

    Time flies when you’re having fun — and running a business. Although it’s probably too early to start chilling a bottle of bubbly for New Year’s Eve, it’s certainly not too early for business owners to start doing some strategic planning for next year. Here are some ways to get started. Begin with your financials…

  • An Implementation Plan Is Key to Making Strategic Goals a Reality

    An Implementation Plan Is Key to Making Strategic Goals a Reality

    In the broadest sense, strategic planning comprises two primary tasks: establishing goals and achieving them. Many business owners would probably say the first part, coming up with objectives, is relatively easy. It’s that second part — accomplishing those goals — that can really challenge a company. The key to turning your strategic objectives into a…

  • Keeping a King in the Castle with a Well-maintained Cash Reserve

    Keeping a King in the Castle with a Well-maintained Cash Reserve

    You’ve no doubt heard the old business cliché “cash is king.” And it’s true:  A company in a strong cash position stands a much better chance of obtaining the financing it needs, attracting outside investors or simply executing its own strategic plans. One way to ensure that there’s always a king in the castle, so…

  • Get SMART When Setting Strategic Goals

    Get SMART When Setting Strategic Goals

    Strategic planning is key to ensuring every company’s long-term viability, and goal setting is an indispensable step toward fulfilling those plans. Unfortunately, businesses often don’t accomplish their overall strategic plans because they’re unable to fully reach the various goals necessary to get there. If this scenario sounds all too familiar, trace your goals back to…

  • A Midyear Review Should Go Beyond Financials

    A Midyear Review Should Go Beyond Financials

    Every year is a journey for a business. You begin with a set of objectives for the months ahead, probably encounter a few bumps along the way, and reach your destination with some success and a few lessons learned. The middle of the year is the perfect time to stop for a breather. A midyear…

  • How Competitive Is Your Business?

    How Competitive Is Your Business?

    Every business owner launches his or her company wanting to be successful. But once you get out there, it usually becomes apparent that you’re not alone. To reach any level of success, you’ve got to be competitive with other similar businesses in your market. When strategically planning, one important question to regularly ask is: Just…