Remove Employee Remove Forecast Remove Intellectual Property Remove Metrics
article thumbnail

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

Up and Running

Cutting costs , revisiting forecasts , and stabilizing your business. Simply put, IoT is a combination of sensor and data analytics systems, helping businesses aggregate metrics to make more accurate decisions. Simply put, they tend to focus on an employees’ ability to return to the office and overlook their willingness to do so.

article thumbnail

How to Write a Business Plan for a Cannabis Company

Up and Running

Set time aside to sit down and revise the plan , comparing forecasts to actuals and revising as necessary. . Milestones and metrics that you’ll need to hit to be viable. Milestones and metrics. For metrics , decide which numbers to check regularly to track your company’s health. Strategic partnerships or alliances.

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

Revisit and update it regularly by comparing your forecasts to your actuals and adjusting as necessary. Milestones and metrics that you’ll need to hit to be viable. Milestones and metrics. For metrics , decide which numbers to check regularly to track your company’s health. Strategic partnerships or alliances.

article thumbnail

When Did Profit Become A Bad Word For Entrepreneurs?

Startup Professionals Musings

Of course, I understand and don’t condone bad actors who get greedy, and exploit ways to unjustly squeeze customers and employees. The best differentiation is a patent or other intellectual property that also provides a barrier to entry. Generate a 5-year financial forecast from opportunity data.

article thumbnail

How to Write a Business Plan

Up and Running

Milestones and Metrics. Your business plan isn’t complete without a financial forecast. You’ll end up with a long, generic statement about how your company is serving its customers, employees, etc. Intellectual Property : Again, this mostly applies to technology and scientific ventures. Milestones and Metrics.

article thumbnail

8 Key Elements To Make Your Social Venture Profitable

Startup Professionals Musings

At the other extreme, I don’t condone greedy and unethical business practices to unjustly shake down customers and employees alike. As an investor myself, I look for a balanced story focused on the major elements that drive profitability, including the following: A 5-year financial forecast achieving a positive cash flow early.

article thumbnail

What Is a Business Plan?

Up and Running

They use a plan to reinforce strategy, establish metrics , manage responsibilities and goals, track results, and manage and plan resources including critical cash flow. Occasionally this type of business plan is also used to recruit or train or absorb key employees, but that is much less common. Marketing and sales.