Quite often it’s not what you say but how you say it. In the case of business plan narratives it’s both what you have to say and how you say, according to Paul Hobcraft, group lead at Agility Innovation. “Framing the business model needs a compelling story so that it can be quickly and well […]
Behind the scenes: Setting a solid strategy
When it comes to strategy, in particular the development of, people tend to favor what’s shinny. Shinny looks nice but can easily become a disaster, writes Rich Horwath, author of Elevate: The Three Disciplines of Advanced Strategic Thinking. It is also necessary to determine how a proposed strategy aligns both horizontally (across functions) and vertically […]
The digital business battlefields of future lore
The future is coming and managers far and wide have thrown their trust into technology, particularly looking toward the Internet of Things (IoT). However, because the future, unlike times in the past, is so vague the likelihood of a strategic initiative hit the mark is slim to none. Thus, writes Greg Satell, the key is […]
Selecting the right revenue model
Here is what most people do. They take a look at the 10, or so, revenue models that exist and pick one that they think provides the business the best return. In reality, writes Martin Zwilling, Founder and CEO of Startup Professionals “Your challenge is to set the right price to match value perceived by […]
Should you use cash or accrual accounting? …why, both of course
You can and in fact should use both. Just be sure to use accrual accounting for management decision-making and if you are allowed cash accounting for tax purposes, according to Doug and Polly White, small business consultants. “In cash accounting, the company recognizes revenue when it receives payment. Expenses are recognized when payments are made”, […]
