(latest update: March 31, 2020) There is a good chance that you, like many small business owners, are wondering how the financial fallout of the coronavirus (COVID-19), will impact your business. For many, it isn’t just a question of lost sales, but uncertainty around how to best protect your livelihood, support your employees and manage […]
When you’re putting together a business plan or a strategic plan for growth, you’ll hear people talk about budgets and forecasts. Sometimes it seems like the terms are used interchangeably, but there are some key differences between budgeting and forecasting. What’s the difference between budgeting and forecasting? The primary difference between a budget and a […]
TAM, SAM, SOM—have you heard these acronyms and wondered what they actually mean? Here’s a breakdown, plus how they apply to your business (with examples).
The Business Model Canvas template can be difficult to understand without substantial training, and isn’t right for everyone. Lean Planning offers a flexible, easy to use alternative.
As soon as you get out in the real world, your plan is going to have to change and adapt. So, why bother? Wouldn’t writing a business plan just be a waste of time?
Writing a business plan is one of the most valuable things you can do for your business. If you’re a startup, your business plan will help you figure out your plan of attack and help you determine how much money you need to get things off the ground.
The Lean Planning method is an ongoing process of business planning that allows you to strategize, adapt, and keep track of how your business is doing. Our step-by-step guide will show you how to create your own Lean Plan, and how Lean Planning helps your business.
If your business is going to have employees, you need to create a personnel plan and forecast as part of your business plan. Here’s how to do it.
Do you know what your competition is up to? Here’s why you should know who your competition is and what they’re doing—before drawing up a business plan.
Congratulations—you put a lot of research and thought into writing your business plan, and it’s finally finished! But now what? Here’s what to do once your business plan is finished—and how to turn that finished business plan into strong business management habits.
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