The Collective
Collaboratory Experience Blog
A Business Plan is the Best Strategy to Avoid Business Failure
Through my experience as a business coach, the main reason new businesses fail is poor upfront planning. With the right planning, funding and flexibility, businesses have a better chance of succeeding. In this article I’ll go through some of the biggest mistakes that entrepreneurs make and why having a business plan is the best strategy to improve your chances of success.
A Simple Strategy to Gain and Keep Customers that Won’t Break the Bank
Want more customers? If you’re like most entrepreneurs, of course you do. And like most entrepreneurs, you’ve probably been inundated with the plethora of digital marketing programs, tools, and applications to help businesses acquire customers. Most of these tools are indeed wonderful and will help with conversion but have steep learning curves, are very expensive and still require you to have a notable size email list to experience any real ROI.
If you are looking for a simple strategy that won’t break the bank and completely necessary to gain and keep customers, look no further than market research.
Do You Really Need a Business Plan?
If you are a new or aspiring entrepreneur and asking yourself if you really need a business plan…the answer is an astounding YES! Many entrepreneurs think writing a business plan is something that is only necessary if they are trying to get a business loan or persuade investors that their business venture is worth investing in. The reality is that a business plan is necessary no matter how it is financed or what stage of business development you are in.