Is Your Business Profit Sustainable
Many business owners inadvertently focus on the profitability of their company in a moment and not Strategies to ensure that profits are sustainable over time. These are basically two conditions that define sustainability; The first is for companies that make and sell products, physical goods typically, while the second is for companies that provide services …. Read More
Difference Between A Business Plan And A Business Model
The business model is the mechanism through which the company generates its profit while the business plan is a document presenting the company’s strategy and expected financial performance for the years to come.As you can see, the business model is at the center of the business plan.For example, the business model for Microsoft was to …. Read More
Is There Current or Potential Demand For Your Product
One major phenomenon we experience as entrepreneurs starting and growing ventures is the problem of accurately forecasting demand. We see lots of people very excited about the possibilities of their businesses, usually very excited and highly motivated about it, which by the way is very great. I remember a particular client I saved a lot …. Read More