Know your competitors

To know your competitors is to know your market and knowing this is the first step towards success. Looking at and knowing who your competitors are is one of the most significant parts of business planning.  Competition exists in every field and it is vital to a well functioning market economy.  It can be good …

Business planning for optimal growth – How to use a business plan

Most think a business plan is only necessary if funding is needed. However, a well-prepared business plan can be a functional road map for any growth strategy. By developing a comprehensive business plan, you are incorporating a powerful tool to ultimately gain success.   However, for true success, a business should operate ‘continuously’ with a clear …