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Risk Management for Small Business

  • Risk management is vital for preserving your company in the face of unexpected circumstances
  • Understand different scenarios for internal and external risks
  • How to develop a risk management plan, and prepare for unpredictable risks
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How to Deal With Business Uncertainty

  • Uncertainty is certain to occur in business, and can come from many different sources
  • Understanding the four different types of business uncertainty
  • Tips for enduring uncertain times, or even turning them to your advantage
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Developing a Small Business Action Plan

  • A small business Action Plan is useful for introducing new products and services, expanding staff, and other purposes
  • An 11-step process for creating this plan
  • A real world example of an Action Plan used to meet the objectives of a med spa business
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Dashboards to Drive Your Small Business

  • A dashboard offers an easy way to track key metrics related to your business
  • Tracking sales, return on investment, employee performance, and more
  • Factors to consider when creating your dashboards
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The Action Plan: Making the Business Plan Happen

  • An action plan establishes a short-term effort to achieve the goals of a strategic action plan
  • Assembling a team, monitoring actions, creating a timetable, and other steps
  • Building in flexibility to account for unexpected circumstances
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Housing Your Startup: Home, Garage, Rent, or Purchase?

  • Some businesses can be started up at the home, while others necessitate a commercial space
  • Understanding factors such as zoning rules, tax laws, and practicality when deciding whether to run a business out of the home
  • When it makes more sense to purchase a space rather than rent one
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What Are the Main Purposes of a Business Plan?

  • Understand why a business plan is important and what it needs to accomplish
  • This document provides crucial guidance and minimizes the chances that you’ll run into common mistakes
  • Business plans can be dynamic documents, useful to both startups and established companies
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6 Types Of Business Plans

  • Understand different types of business plans
  • Business plans can assist you when starting a business and when growing one
  • Choosing wisely during the different periods of your business will help you better achieve your goals
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Understanding An LLC Operating Agreement

  • How an operating agreement can assist with the management of a Limited Liability Company
  • For those looking forward to starting their company as an LLC
  • Helps govern internal operations of the business in a way that suits the specific needs of the business owners
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