Tag: Business Planning

Once you get your business up and running, it is always easy to get swept away with workaholic frenzy and keep working to address your customers’ immediate needs. While that is admirable and all, sometimes you need to take a step back and look at your processes. Is there something you are missing?

This is where business planning comes into play. In business planning, you not only foresee how to make existing processes efficient, but you also try to devise actions that you must do in worst case scenarios. It prepares you for anything that can possibly come your way, ensuring that you stay afloat amidst the competition.

The Importance of CFO’s in Businesses, Large and Small

Financial security is vital for all businesses, whether they’re small, medium or large. Having a strong cash flow as well as a solid financial plan will ensure that your business not only survives but thrives. However, many organisations don’t employ CFO’s, nor do they consider how important the CFO’s role is when it comes to […]

How to Standardise Your Business Processes

For a business to thrive, it has to have structure in place. Think of processes as a map to help you navigate uncharted areas. It aids you in reaching your goals, which for a business represents sustainability and growth. While it sounds simple enough, standardising processes might be trickier than one could think. How exactly […]

Why You Need a Business Plan

Imagine yourself starting a new venture without an ending or a goal in mind. This can lead to mindless wandering, doubling up and in some cases wasting time. This scenario can be applicable to business as well, which is why a business plan is important at all stages of the business life cycle. A business […]

What Does an Accounting Consultant Do?

Many business owners realise the importance of monitoring cash flow. After all, it is what keeps the company running and the lights on. And that’s why smart business people hire people who will help us do exactly that. But with the range of options to choose from it’s often confusing to know which professional is […]

Formalising Business Procedures: Why It’s Important

For some people, the greatest challenge running a business is actually starting one. With the many naysayers out there, it takes a great deal of courage and bravery to power through them. And when you’ve finally proven yourself and set aside your doubts, you feel like a million bucks! While that is a difficult part, […]

Turnaround Management: What You Need to Know

Turnaround management may be a familiar term to some of you, but to others it can be the first time you have heard it. For those who are running a business, it is a universal fact that there’s always a shaky competition, and it gets tougher as time goes by. And while you can be […]

Business Continuity Planning (BCP) for Businesses of all Sizes

Accidents happen. From power outages and sick days, to natural disasters and dramatic and sudden financial crises, business face countless threats, challenges, and disruptions. A business Continuity Plan is essentially a document which is drafted with the detailed steps a business can take to stay trading during a disaster. It will be the framework used […]

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