Thinking about starting a small business but feeling uncertain about how to develop a business plan? You’re not alone—creating a clear and effective plan can seem overwhelming at first, but it’s a crucial step toward turning your vision into a thriving enterprise. A well-structured business plan not only helps you map out your goals and […]
This is the second of a three-part op-ed series from ANZ on key trends among Australian small business owners and how to prepare for the current economic downturn.
If you are operating in a Covid-impacted market, here are five steps to plan your way to success.
Small businesses must be resilient and flexible, switching quickly between crisis response and recovery mode to survive the pandemic.
A new financial year plan can make all the difference for your SME It’s never-ending for business owners: if it’s not BAS time, it’s EOFY, then the cycle starts all over again. With the EOFY rush receding, July as the first month of the new financial year is a great time to take stock. Scottish […]
The start of a new financial year is an ideal time for business owners to take stock of the business, review progress towards growth goals, and re-align plans as necessary. While there is no one-size-fits-all approach for businesses to make their planning more effective, there are a number of key considerations that can help business […]
Every single potential investor you contact wants to see a believable and highly readable business plan that contains a summary, the overview of the team, details about financials and a whole lot more. Many think that funding is going to come fast after the plan is submitted but this is just one of the mistakes […]
After years of experience and building a successful strategy, seasoned business owners can branch out into new areas with relative ease. A newcomer, however, will lack the necessary resources and experience for striking up a successful new business overnight. It takes hard work, careful planning, and proper financial management to create and sustain a company […]
Fail in high school and you are usually graded an F; the same is true of startups. Depending on who you ask, there are a multitude of reasons why startups fail. Each strand of startup DNA contributes its own reasons for failure, but all of them relate directly to one of the ‘3 Fs’: Founder […]
Startups with good a business plan give comfort to entrepreneurs and investors in part because the plan details the objectives, strategies and tactics along with the anticipated profits. There is however a wide variation in business plans. Some are voluminous demonstrations of thorough research, while some exist as a mere template borrowed from the internet to meet the formalities. Others, […]
