Setting the stage for success: Six steps for drafting a business plan
By Danielle Walsh
Whether you are launching a new business, five years in, or beginning to plan for the transition of ownership to the next generation, taking the time to write a proper business plan is certainly a worthwhile feat. This valuable document can help align the expectations of all owners/managers, while also serving as a blueprint for how to run the business and set the pace to achieve its goals.
Indeed, a new year is upon us—a fresh start! Why not kick things off by developing a formalized plan for you, your business partners, and the next generation can…
All You Really Need to Launch a Business, According to This Art Book Entrepreneur
In this ongoing series, we are sharing advice, tips and insights from real entrepreneurs who are out there doing business battles on a daily basis. (Answers have been edited and condensed for clarity.)
Who are you and what’s your business?
My name is Kim Bjørn, designer, musician, author, and CEO and founder of Bjooks, a Danish boutique publishing company, operating worldwide creating hardcover books on music technology, artists, and makers. Since 2017 we’ve published only seven titles, but have sold tens of thousands of them all over the world, to world-renowned recording artists as well as hobby musicians, students, and…
Business Plan 2023/24 | FCA
Our strategic objective is to ensure financial services markets function well.
Our operational objectives are to:
secure an appropriate degree of protection for consumers
protect and enhance the integrity of the UK financial system
promote effective competition in the interests of consumers
We will soon also have a new secondary objective to facilitate the international competitiveness of the UK economy and its growth in the medium to long term. This is being introduced as part of the Financial Services and Markets Bill which is currently going through Parliament.
As a financial services regulator, we have an important role in the…
Reading given six-point deduction for breaching EFL business plan
Reading were relegated from the Premier League in 2012-13 and have since been in the Championship
Reading has been deducted six points by the English Football League for breaching the terms of an agreed business plan for a previous profit and sustainability rule breach.
It marks the first decision handed down by the independent club financial reporting unit (CFRU).
The deduction leaves Reading 20th in the Championship, with 40 points, one above the relegation zone.
Manager Paul Ince said last week he thought the punishment was coming.
In addition, Reading has agreed a new budget with the CFRU, which will…
BCE to hold awards reception for 2023 Ropp Triplett Business Plan Competition
The Bluffton Center for Entrepreneurs (BCE) has announced a June 27 awards reception for the 2023 Ropp Triplett Business Plan Competition. This event will take place at 6:30 pm on the third floor of the Bluffton Town Hall. The program will begin at 7:00 pm
BCE Director Jim Enneking explained, “The awards reception allows us to recognize the participants who completed the Small Business Information Series, presented by the Small Business Development Center at Rhodes State College. The series served to equip entrepreneurs with the necessary tools and knowledge to successfully complete a business plan for their business.”
“We will…
Laurentian under time crunch for new strategic plan
Following the CCAA exit, Sudbury university must come up with a strategic plan in six months, an exercise most universities take a year or more to complete
Laurentian University’s upcoming strategic planning process is operating under a tight timeline.
The university was legally obligated under its plan of arrangement following its late-2022 exit from insolvency to hire a consultant to assist with its new strategic plan. Canadian company StrategyCorp was hired for that role earlier this month.
Laurentian is also mandated to complete its strategic plan and have the document approved by its board by the end of December of…
Experience-Based Tips For Transitioning Out Of Your Business
Dave Van Horn is the founder of PPR Capital Managementan investment fund specializing in mortgages and commercial real estate.
Kelvin Murray 2015
Most of us have heard the saying that people don’t plan to fail, they just fail to plan. In the investment world, you often hear this phrase in reference to financial and estate planning. Over the years, I’ve learned that it’s probably a saying that can apply to many parts of your business as well, including perhaps the most pivotal part —your exit. So, when is the best time to do succession planning? Hopefully, it’s before you actually…
Council adopts strategic plan for Cranbrook
Members of City of Cranbrook council adopted the draft 2024 – 2027 Strategic Plan Monday night (May 15) – a document that will guide the higher-level objectives of the City of Cranbrook as a corporation over the next four years.
This new strategic plan was developed over the first three months of 2023 following the fall election of Mayor and council. The new strategic plan will guide the coming three years of this council and the first year of the next council’s term, 2024-2027.
The reason is that the budget takes months to create, based on projects and a business…
