“Every success story is a tale of constant adaptation, revision, and change.” – Richard Branson A SWOT analysis is a method used in any business or marketing plan to identify internal and external aspects about the product of the activity. It stands for: S = Strengths; W = Weaknesses; O = Opportunities; T = Threats. This exercise can also […]
Once your small business has opened its doors, you’re going to want to ensure that you are investing in all areas in order to maintain success. As you begin to expand and grow, there are different areas that your initial business plan may not have covered and investing in these can provide you with a […]
A business is an exciting way of making a living, expressing your creativity and ultimately leaving your mark on the world. However, with the Bureau of Labor Statistics reporting that 70% of businesses fail in five years, they are not a simple undertaking. One of the most frequently cited causes for business failure is a lack of […]
Editor’s Note: Ann Pani is a seasoned expert and practitioner of Business Analysis and CBAP, having co-founded a leading organization in BA training and certification (e.g. CBAP, CPRE, ECBA, BABoK, ISO, etc.) called Adaptive US Inc. His firm is also an author on Flevy, where you can find hundreds of BA training materials (e.g. certification training, question banks, […]
Editor’s Note: LN Misha is a seasoned expert and practitioner of Business Analysis, having founded a leading organization in BA training and certification called Adaptive US Inc. His firm is also an author on Flevy, where you can find hundreds of BA training materials (e.g. training presentations, question banks, templates, etc.). View all their materials […]
As a small business owner, you know that it’s wise to put a lot of effort into ensuring your business finances are running smoothly. Without keeping a close eye on business turnover, particularly during the early stages, you risk damaging or even losing your company before it can begin to reach its full potential. In […]
Security should always be a top priority for business owners, both in terms of your physical building security and online security. As a business owner your office, and the data stored on your computer systems, are often the site of your most valuable possessions. Theft is a serious threat to any business, and can happen […]
There’s a very wise old saying about keeping your business and private lives separate, and it’s something most people will try and do as much as possible. If you run your own business though, it can be tricky to separate the two quite as effectively, and many business owners can find it hard to switch […]
Costs matter greatly when there’s a business to run. Successful business people know this and consider it to be an important factor. It may be easy to keep an eye out on the costs and watch over every dollar spent when the business is small but things begin to get out of hand once the […]
Risks exist in all types of business, and without some element of risk, there is no business! It might be straightforward to identify these risks, but how do you plan to prepare should the risk become a devastating reality? Effective risk management can help save your business money, regardless of the steps you take to […]
A good mobile marketing strategy is much more than having a mobile optimised site. At a time when users have increased internet consumption on mobile devices, it is crucial to invest in creating effective mobile marketing campaigns. It is important to count mobile as a main screen and devise ways to enhance experience for users […]
The first question that may cross your mind whenever talking about self-awareness is: what does it mean to know oneself? Why we need to know ourselves? Where does it come from? What is the utility of self-awareness? However, you may also think that ‘I already know myself’ or simply wondering the importance of self-awareness in […]
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