What is a Business Plan? A business plan is a formal written document containing the goals of a business, the methods for attaining those goals, and the time frame for the achievement of the goals. Pick a business plan format that works for you There’s no right or wrong way to write a business plan.Continue reading “Pick a Business Plan that works for you”
Category Archives: Business
Porter’s Five Forces
What are the Porter’s Five Forces? Supplier power: this force is an assessment of how easy it is for suppliers to drive prices up. It’s typically completed by determining the number of suppliers who can offer the same supply, the cost of switching suppliers, and any unique aspects of benefits the supplier can offer. Buyer power: Next,Continue reading “Porter’s Five Forces”
Competition Analysis
Use competitive analysis to find a market advantage Competitive analysis helps you learn from businesses competing for your potential customers. This is key to defining a competitive edge that creates sustainable revenue. Your competitive analysis should identify your competition by product line or service and market segment. Assess the following characteristics of the competitive landscape:Continue reading “Competition Analysis”
Market Research
Use market research to find customers Market research blends consumer behavior and economic trends to confirm and improve your business idea. It’s crucial to understand your consumer base from the outset. Market research lets you reduce risks even while your business is still just a gleam in your eye. Gather demographic information to better understandContinue reading “Market Research”
Build your Capacity to Make Great Ideas Happen
Coming up with a great idea is never enough. You must transform your vision into reality. The ability to successfully implement your ideas isn’t something you’re born with, but rather a set of skills and strategies that can be learned. You can enhance your ability to execute your ideas by developing more effective organizational habitsContinue reading “Build your Capacity to Make Great Ideas Happen”
Delagate
If you work on your own, there’s only so much you can get done, no matter how hard you work. As well, everyone needs help and support, and there is no shame in asking for assistance. One of the most common ways of overcoming this limitation is to learn how to delegate your work toContinue reading “Delagate”
To-do List
The Key to Efficiency Do you often feel overwhelmed by the amount of work you have to do? Do you find yourself missing deadlines? Or do you sometimes just forget to do something important, so that people have to chase you to get work done? All of these are symptoms of not keeping a properContinue reading “To-do List”
Have a Social Media Strategy
Would you throw a party without a plan? Well, you could, but it might not be as fun as if you were to take the time to hire a caterer, DJ, and bouncy castle. And the same principle goes for your social media strategy. The more you think about what you post, the better theContinue reading “Have a Social Media Strategy”
Ten Steps To Start A Business
Starting a business involves planning, making key financial decisions, and completing a series of legal activities. Scroll down to learn about each step. 1. Conduct Market Research Market research will tell you if there’s an opportunity to turn your idea into a successful business. It’s a way to gather information about potential customers and businessesContinue reading “Ten Steps To Start A Business”
How I started my business?
I started my business with no capital. You don’t always need a lot of capital to get a business started. Sometimes you can get started with little to no funding. Starting a business with no money might initially seem like an unlikely idea, however, it’s not impossible. When I started Orange Memo Virtual Assistants, IContinue reading “How I started my business?”
Gugu Motsoeneng 