How To Turn Ideas Into Reality
1. Tell Your Idea someone You Trust If you think your business idea has real potential, do not keep it to yourself. Many are afraid that their idea could be copied or stolen and therefore refrain from sharing it with others. But an exchange with a trusted person and their honest feedback can help you improve […]
Risk Management – Be Safe Before It Is Too Late
Why talk about risk management? In order to protect yourself from unexpected events, it is important that you deal with the possible risks. Therefore, ask yourself which risks could prevent you from achieving your goals. Take time regularly to review and plan ahead for risks and emerging dangers. Think about what risks may impact your […]
Form Partnerships That Lead To Success
Most sectors are facing increasingly fierce competition, further intensified by technological development. To ensure success, start-ups and SMEs must focus on their core competency and extend their value and increase efficiency by joining partnerships. A design agency might, for example, expand its offer through partnerships with printers, tech businesses and marketing companies, creating the optimal […]
How To Successfully Grow Your Company
Strategies are situationally dependent, to some extent. In other words, strategies come and go depending on the market situation or how the company is doing. Benefits for customers that outshine the competition, core competences and outstanding strategy implementation remain the key requirements for sustained growth and success. Here, we present three popular strategies to help […]
How To Draw Up A Convincing Business Plan
Who Needs To Be Convinced Of What? Before starting to develop the business plan, entrepreneurs should look in detail at the recipients and their needs. Who do you want to win over with your business plan? What is your objective? What information does the recipient need, including information on which decisions have been based? Tailor […]
Corporate Strategy: The Objective, The Journey, The Means
Many markets stagnate, and former seller’s markets that allowed companies to start up and expand easily, have now become buyer’s markets with quality-, price- and environmentally aware customers who compare every purchase in detail and weigh up the advantages and disadvantages. The requirements on corporate management are constantly growing and business performance is less and […]
The Vision: A Company’s Lodestar
Many startups and SMEs shy away from formulating a vision, as it is something that is often associated with large businesses. And yet quite a few companies prove that a vision that is genuine and put into practice is an important basis for sustained business success. It gives the activities of those involved a long-term, […]
The Business Plan: The Linchpin Of Financing
The business plan is a concise and precise outline of a business proposition with a focus on the financial aspects. The summary over approximately 20 to 30 pages should be both very informative and short and succinct, and besides the business idea, it should say something about the target market, the business strategy and the […]
