Introduction Many entrepreneurs start a business in part to make money and in part to gain freedom, financial and otherwise. They listen to the success stories of entrepreneurs who have made it and they take the plunge. They have a vision of their desired future and a plan to get there. But for many entrepreneurs …
Introduction Growth (top-line) and profitability (bottom-line) are two major indices that define how well organizations are doing in pursuit of their strategic objectives and short term goals. Business organizations achieve growth through organic or inorganic channels. Growth occurs largely via the development of a new product, creation of a new business line, mergers and acquisitions,…
Introduction When an organisation sets its vision mission and strategic objectives, it then develops a plan to implement the fore mentioned. A forward looking enterprise will also develop a performance management and monitoring system and identify Key Performance Indicators (KPI’s). These KPI’s, when monitored, tell management whether they are on track to meeting their objectives.…
Introduction A plan is only as good as the paper it is written on, until it is implemented. Getting the right staff is the very first step but making sure that the right staff are doing the right things and doing them effectively and efficiently is another important task. Peter Drucker said that ‘Plans are…
Fraud costs American businesses, large and small, a ton of money each year. In fact, according to the McGladrey report The Threat Within: Employee Fraud Detection and Prevention, fraud took a huge toll on American businesses, to the tune of nearly $1 trillion dollars, last year. The problem only seems to be worsening with the…
Introduction – Importance of the Business Planning Process If you are already in business and up and running, you may think the subject of business plan writing is not relevant to you. If that’s the case then I am afraid, I must let you know, that you are wrong! It is not just start-ups that…
Please keep checking back to see the changes taking place.
