There are dozens of business analysis tools out there, and they all serve slightly different purposes. While frameworks such as PESTLE, SWOT, and Porter's Five Forces allow you to analyze the overall standings of a business, there are very few tools that guide you on the day-to-day operations of your business. Thankfully, business impact assessment is a tool specially … [Read more...] about Business Impact Assessment: What, Why, and How
business plans
Where Does PESTLE Analysis Fit Into Your Business Plan
If you don’t have a business plan, especially one with PESTLE analysis included, you’re going to want one after reading this. Here you’ll find the answers to what PESTLE analysis is and how it’s used in companies by business owners, marketers, and business analysts. Plus where PESTLE analysis information should be placed in your business plan (and if you don’t have one, where … [Read more...] about Where Does PESTLE Analysis Fit Into Your Business Plan
Why All Business Owners Should Have a Business Exit Strategy
Do you have a business exit strategy? Was it included in your business plan? Or now you’re looking to make a graceful exit from your business and you’re not sure where to start? I’ve got you covered. In this article you’ll find out: What a business exit strategy is The common type of exit strategies A brief introduction to liquidity Which strategy is best for … [Read more...] about Why All Business Owners Should Have a Business Exit Strategy
Why Look at Business Plan Samples Before Writing a Business Plan
A business plan is a document all about your company. A typical plan outlines the mission statement, operations, marketing strategies, financials, and executive summary. A business plan is non-negotiable. If you have a business — even if you’re just getting started or a one-person show — you need to have a business plan. Even if it’ll never reach the eyes of another soul, the … [Read more...] about Why Look at Business Plan Samples Before Writing a Business Plan
How to Make a Business Plan for Any Business
Here’s the truth: Every business needs a business plan. There are no exceptions. A business plan serves as a document that outlines who the business is, why it exists, and how it expects to increase success in the short and long term. It’s also a handy directional guideline outlining your major goals, accomplishments, and details about your company — all in one easy to digest … [Read more...] about How to Make a Business Plan for Any Business
4 Steps for the Business Analysis Process Planning
Business analysts are in charge of continuous projects. The start of a new one can have even the most seasoned analyst sweating. After all, expectations shift, results are always necessary, and success is the primary objective. The business analysis process can help with new projects in fast-moving environments. While complexity of projects fluctuate, the right process can … [Read more...] about 4 Steps for the Business Analysis Process Planning
How to Do Market Analysis for a Business Plan
A business plan highlights the future objectives of a company, often relating to how the company will sell their product. It also explains proposed strategies to meet sales goals. And market analysis communicates information regarding business. But market analysis is a broad term. In a business plan, it means you must understand your market/industry and prove to potential … [Read more...] about How to Do Market Analysis for a Business Plan
7 Tips for Creating Effective Business Plans
A business plan is a written set of achievable goals and the means to attaining them. Business plans can be a great way to keep your business on track and maximize productivity in the workplace, but only if done correctly! In this article, we’ll be going over 7 tips that will help you create more effective business plans. 1. Choose Your Audience Before you even begin … [Read more...] about 7 Tips for Creating Effective Business Plans