While the phrase ‘traction’ has typically been associated with tyres, friction and slippery driving conditions, its use is increasingly common in entrepreneurship and venture capital circles. This article explores what it means and how it applies to your business. Defining Traction The typical entrepreneurship journey moves through various stages, from idea conception to business plan [...]
Growing a Business
Business planning is not just for startups! Growing businesses need a thorough business plan to take them to the next level be it to secure additional funding, to decide the future strategic direction or to launch a new product or service.
Think business plans are just for startups and companies that need funding? Not if you want to grow and thrive.
Planning is an ongoing activity. Compare your actual figures against planned so you can monitor progress and adapt.
Managing cash is one of the most crucial activities an entrepreneur can undertake. Find out how to do so now.
Business ratios can give you a feel for how your business is performing. This list shows some of the main ones.