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- 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
- 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
- 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
- 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
- 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
- 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
- Important contracts for small or expanding businesses
- For all kinds of entrepreneurs and startups
- Limit your liability, ensure confidentiality, and more
- 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
- 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
- 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