Analyzing Your Industry: Substitutes

Substitutes are defined as products or services that consumers can buy instead of your product or service, to try and fulfil the same need. This is the second post in a series of five describing various aspects of the 5 Forces analysis, which is a useful tool for defining strategy in your business plan. You… Read More »

10 Ways Not to Write a Business Plan

There are many different ways to write a business plan. No single template works for all businesses, in all industries, for all purposes. A business plan is, to use a cliché, as unique as a fingerprint. But there are some elements most experts would agree should stay out of any business plan. Thus, I give… Read More »

5 Reasons Why Your Company Needs A (Good) Business Plan

Yes, we know business plan writing can be a difficult and time consuming task. If your business is pre-launch, and you need financing or investment to get going, you probably already know you need a business plan (and we can help). But this post is about business planning for established companies. If you’re already going… Read More »