Business Planning Archives - Growthink

20 Reasons Why You Need a Business Plan

Dave Lavinsky — Sun, 19 May 2024 04:24:01 +0000

What is a Business Plan? A business plan is a document that details your business concept and strategy for growth. It provides details about your company, a competitive analysis, a market analysis, a marketing strategy to reach potential customers, and a financial plan so that you make the best possible decisions to start or grow […]

The post 20 Reasons Why You Need a Business Plan appeared first on Growthink.

Strategic Goals: 7 Strategies to Reach Them

Dave Lavinsky — Sat, 27 Oct 2012 18:52:20 +0000

For over 15 years, I’ve been a serial entrepreneur. While not all of my ventures have been successful, the majority of them have been. Someone recently asked me what the keys to my success have been. Upon thinking about it, I identified the 7 strategies I religiously use, and which I attribute to my success. […]

The post Strategic Goals: 7 Strategies to Reach Them appeared first on Growthink.

Entrepreneurs Don’t Plan To Fail, They Fail To Plan

Dave Lavinsky — Thu, 17 Sep 2020 06:39:00 +0000

Most businesses fail. I hate to be so blunt, but this is the truth. The only thing that varies is just how many businesses fail. According to research from the University of Tennessee, 44% of businesses fail within the first three years. And within certain sectors, like information (which includes most technology companies), 63% fail […]

The post Entrepreneurs Don’t Plan To Fail, They Fail To Plan appeared first on Growthink.

Business Planning Remains Critical, But Improving Strategy Now More Important than Raising Funding

Dave Lavinsky — Fri, 24 May 2024 17:29:30 +0000

There is considerable evidence that creating a business plan helps entrepreneurs, business owners and executives achieve more success. For instance, 20 scholarly research articles that show how business planning is proven to increase business survival rates. One of those studies found that 84.2% of small to medium sized enterprises (SMEs) that created a business plan […]

The post Business Planning Remains Critical, But Improving Strategy Now More Important than Raising Funding appeared first on Growthink.

8 Ways to Maximize the Value of Your Business

Dave Lavinsky — Fri, 05 Jan 2018 15:38:32 +0000

The lifecycle of most businesses from the owner’s perspective is generally the same. First, you start or buy the business. Then, you grow the business. And finally, at some point, you exit the business. During these second and third phases the differences between higher quality and lower quality entrepreneurs is really apparent. Specifically, the best […]

The post 8 Ways to Maximize the Value of Your Business appeared first on Growthink.

How to Write a Business Plan for Raising Venture Capital

Dave Lavinsky — Fri, 12 Jan 2024 11:19:26 +0000

Are you looking for VC funding or funding from other potential investors? You need a good business idea – and an excellent business plan. Business planning and raising capital go hand-in-hand. A venture capital business plan is required for attracting a venture capital firm. And the desire to raise capital (whether from an individual “angel” […]

The post How to Write a Business Plan for Raising Venture Capital appeared first on Growthink.