You don’t have to have all the answers – surrounding yourself with smart people you can work with collectively is key to a great business that can function without you if it needs to.
An important reminder that historical business data may not always be accurate when you are defining your future budget and targets, especially if previous periods have experienced unprecedented change such as the impacts of the COVID 19 pandemic.
It is common for companies to have value propositions such as pricing, service levels, quality, brand recognition, etc. to create a competitive advantage, but if everyone in the market has the same value proposition, there is nothing that makes your company stand out.
Got a great idea but little time to create a detailed business plan? Don’t hold off on progress … kick things into gear with a simple one page business plan.
