Businesses are established to thrive in the market. If you’re a business owner, you understand that you always have to look forward and aim for the next level. Planning it into your growth strategy is the only way to keep your business in the game. However, growing your business can be a complicated venture. There are several costs, processes, and…
What is “strategic” business planning? In order to start or grow your business, it’s best to plan ahead by setting your goals and creating a method to achieve them. However, if you want the best chance of success, you have to be strategic about it. What does being “strategic” mean in this context? For business owners, being strategic means that…
At whatever stage, the key to a successful business is a well-written business plan. It’s a simple document that articulates your goals and the step-by-step process of how to achieve them. It doesn’t matter if you’re just starting out or growing an established business because you’ll still need a plan so that you’re not just taking action blindly. Why you…
Are you an aspiring business owner with an idea to grow into a business, but unsure of how to turn it into reality? Are you already trying out a business strategy, but it isn’t producing the results you expected? One solution to your problem is to simply create a strategic business plan. A business plan is a written document of…
When you scale up your start-up, new challenges will arise. One of which is how to raise funding to expand your business at a faster rate. You have a few options to finance your growing venture. Two of the biggest are debt financing or equity financing. Debt financing and equity financing Debt financing involves borrowing money from lenders, given that…
Businesses create strategies with the intention of succeeding, but these plans can sometimes fall short. And when failure happens, it can be frustrating for business owners since they’ve spent a lot of time and resources. In order to avoid this fate, especially for scale-ups that are gearing towards growing exponentially, it’s important to understand how business strategies fail. The reason…
Whatever the reason you think it could be time to scale-up your business, taking the leap and making the decision is an important step. It’s not something to rush into unprepared. Making changes on the scale seen by scale-up businesses is something you shouldn’t do until you’re ready. When are you ready, though? This can be much harder to figure…
When you make your business plan, you set out what you want the future of your business to be. No matter how experienced the planner, no one can accurately predict the future, and it’s good to recognise when it’s time for the business’s path to change. There’s a few situations where going back to your business plan is a good…
Strategic direction is important for any business, but it’s particularly important when scaling up your business. A Scale-up business has ambitions of growing quickly with a significant upwards trajectory, which isn’t something to rush. The successful execution of a strategy requires clear and concise goals, as well as a plan to achieve them. Without a strategic direction, a business can…
Marketing covers a large variety of mediums and approaches, each with their own experts, techniques and necessary connections. It may not be sensible to try and handle every element in-house. In these cases, outsourcing to marketing agencies may be the way to go. You want to be getting the best from your agency, so it’s important to hire the right…
