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Category: Business vision

Business Plan vs Business Model Canvas

Why do most business owners create a business plan?  The vast majority reluctantly prepare one as a requirement to get financing. Is a business plan a good management tool?  I don’t think so. I will agree that preparing a business plan can help a business owner think strategically about their business. A business plan will also provide some s... Continue reading

5 Tips for Successful New Year Resolutions

It is the time of year we make New Year’s resolutions or goals Here are some tips to increase the probability that you will achieve your goal: 1)     Focus on only one goal at a time - Pick the most important one. It's OK to pick an easy but important goal. When you accomplish it, you will want to keep going on to the next goal. 2)   ... Continue reading

Real Core Values in Small Business

One of the things we do for our business owner clients is to help them clarify and communicate their core values.  We can create documents and posters that address the organization's view on respect, integrity and honesty. When the values are clarified and communicated you might think the exercise is done. We don’t think so. We believe 'more ... Continue reading

Work/Life Balance – Aligning Business and Personal Goals

If you are unsure of your personal goals, with what do you align your business future? As part of our visioning work at The Business Therapist®,  we check for alignment between the business owner’s personal goals and their business goals. Personal goals to consider Personal income and equity goals – What income would you like to be... Continue reading

Aligning Business Goals – Find Your Why

If you haven’t seen Simon Sinek’s video on ‘How great leaders inspire action’, it is worth the 18 minutes. People don’t buy WHAT you do, they buy WHY you do it. Recently I attended a graduation for a University Business School class with a seasoned and successful business owner. I took the opportunity to ask him this question, “If you... Continue reading

Business Visioning – Creating a Structure

My previous post detailed a few of the business challenges that arise when the actions and attitudes of the business owner contribute the some of the business problems. It can be phrased using the old Greek saying, ‘when the head of the fish starts to rot’. Put vision into action & reduce problems Even when you have a clear vision it is... Continue reading

Business Leadership Development

There’s an old Greek saying that says, 'The fish rots from the head down'. The actions and attitudes of the business owner (the head of the fish) impacts every part of the business operations. Small business owners are typically strong on the technical aspects of their business but rarely received any formal training on business skills. O... Continue reading

Setting Business Goals

When you commit to writing a dream down on paper, it becomes a goal. The written goals of the business evolve and change. A goal written down by a business owner is a start, but in order to implement it into a clearly communicated vision statement, it may need time to 'distill'. Related Article - Yes, Your Business Needs a Mission Statement... Continue reading

Yes, Your Business Needs a Mission Statement

The purpose of a mission statement is to clarify and communicate what your business stands for. It states what you believe , and why. It should not be confused with a vision statement. A vision statement defines the future goals of the business. These goals can be updated and changed as your small business evolves. Your mission statement is who you... Continue reading

Be Courageous in Advancing Your Business Strategic Plan

Burn the ships! Legend has it that when a military leader landed on enemy shores with a smaller army than the opponent, he ordered his men to ”burn the ships!” He did this to obtain a commitment from the soldiers to execute the plan, and eliminated the option of turning back. Don't turn back at the first sign of challenge I find this analogy... Continue reading