5 key elements of an ideal business plan

Business plans are the most important starting points for any new venture or start-up. This document acts as a formal statement that defines your business goals and the plan to reach those goals. Ideally, it should also contain background information about the team that is attempting to reach those goals. A well written business plan also acts as a document that can persuade others, including … Continue reading 5 key elements of an ideal business plan

Managing the GAP

There have been times when business owners have faced the challenge of improving and optimizing an ongoing process or a business activity. In typical business environments, entrepreneurs generally come across situations where they have to analyze their current situation or business and compare it to the desired or future state. In simple terms, gap analysis is the comparison of such actual business states with potential … Continue reading Managing the GAP