Remove Employee Remove Forecast Remove Intellectual Property Remove Lean
article thumbnail

Post-Crisis Digital Trends That Will Reshape Your Business in 2020

Up and Running

Cutting costs , revisiting forecasts , and stabilizing your business. In 2020, data breaches are among the greatest cybersecurity concerns, with health records, corporate intellectual property, smart cars, and connected devices being the most vulnerable targets. Revisit your business plan , forecasts, and company goals.

article thumbnail

How to Write a Business Plan for a Cannabis Company

Up and Running

If you simply want to map out the aspects of your business for internal use, you can consider a Lean Business Plan. Set time aside to sit down and revise the plan , comparing forecasts to actuals and revising as necessary. . Sales forecast : Projections of what you think you will sell in a given timeframe (1 to 3 years).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Write a Business Plan for an Outpatient Medical Practice

Up and Running

A Lean Business Plan might be a better fit if you simply need to think through all the different aspects of your business. A Lean Plan will be shorter, and it lends itself to quick revisions, but both types follow the same general outline. They tend to be lengthier and more detailed. Use it as a tool, especially around your financials.

article thumbnail

What Is a Business Plan?

Up and Running

Most of us need just a Lean Business Plan, for internal use, with just bullet point lists and important projections. Good businesses always keep their Lean Plan up to date. The lean business plan is great news because it makes the planning process much less daunting. More on that in the section on the Lean Plan.

article thumbnail

How to Write a Business Plan for a Subscription Box Service

Up and Running

But if you’re writing a plan as an internal guide for strategic growth, you should consider a lighter version— a Lean Plan. A Lean Plan can also serve as an initial plan that helps you think through all the aspects of starting your business. Intellectual property. Personnel plan : How much will you pay each employee.

article thumbnail

How to Write a Business Plan for a Fix-n-Flip Real Estate Company

Up and Running

If you want to put together a strategic plan to map out your business’s growth potential, you might consider a Lean Business Plan. But know that a Lean Plan shares all of the same components of a traditional business plan—it’s just shorter. Personnel plan : Costs of employees. Financial plan. Instead, keep them here.

El Paso 61
article thumbnail

SaaS 101: Starting a Software as a Service Business

Up and Running

When you build out your SaaS company’s business plan , spend some time modeling different subscription-based sales forecast scenarios so you can see how reducing churn (the number of canceled subscribers) and other variables can affect your path to profitability. We call this approach a Lean Plan. A good contract can go a long way.