Facebook Linkedin Twitter

Industry Analysis

Which leadership skills are essential to strategic planning?

Financial Statements, Small Business, Small Business Owners, Strategic Business Planning, Tax Return /

To help ensure continued stability and profitability, businesses need to engage in some form of strategic planning. A recent survey by insurance giant Travelers drives home this point. In its 2024 CFO Study: A Travelers Special Report, the insurer surveyed 610 chief financial officers (CFOs) from companies with 500 or more employees in various industries. One of […]

Which leadership skills are essential to strategic planning? Read More »

Look to a SWOT analysis to make better HR decisions

Employees, Human Resources (HR), Small Business Owners, SWOT /

Many business owners spend most of their time developing strategic plans, overseeing day-to-day operations and, of course, putting out fires. Yet an underlying source of both opportunity and trouble can be human resources (HR). Think about it: The performance of your HR department determines who works for you, how well employees are supported, and to

Look to a SWOT analysis to make better HR decisions Read More »

At the very least, update the financials in your business plan

Business Plan /

Every new company should launch with a business plan and keep it updated. Generally, such a plan will comprise six sections: executive summary, business description, industry and marketing analysis, management team description, implementation plan, and financials. Now, ideally, you would comprehensively update each section every year. But if the size, shape, and objectives of your

At the very least, update the financials in your business plan Read More »