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How to set milestones and measure business performance mid-year
You've built your plan out, and you're thinking strategically about what you want to accomplish over the next 12 months.
Now, how are you actually going to implement this plan? The best way is to set milestones down. Put them on a calendar, with a due date, and determine who on your team is responsible for meeting them.
Don't overdo it - think about 5 to 10 milestones you feel you can accomplish over the course of a year.
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Bplans is owned and operated by Palo Alto Software, Inc. as a free resource to help entrepreneurs build better businesses. Palo Alto Software develops, publishes, and markets LivePlan, the award-winning software to help entrepreneurs write business plans, pitch for funding, and track their progress towards their goals.
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Переглядів: 96

Відео

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Переглядів 826 місяців тому
If you don't do anything else, you need to create a financial forecast. After all, you started your business to make money. Without a forecast, you may have a sense that things are going well or not, but little insight into where you want to double down or pivot. If you've never created a forecast before, it's not as hard as it sounds. Just take your last 12 months as a baseline. Then, increase...
Why you should track what your competitors are doing
Переглядів 156 місяців тому
Taking time to research and dig into your competitors' businesses will help you understand where you have advantages, and where you may need to make changes to keep your business competitive. View their websites. Sign up for their newsletters. Check out their social media channels. Really get to know their products and services. Spending time understanding your competitors will help you articul...
Understanding the key metrics driving your business
Переглядів 396 місяців тому
You can't create an effective 12-month plan for your business without understanding the key metrics that mark success or room for improvement. Return on investment (ROI): Do your investments in marketing and promotional activities drive sales? Gross margin: How much do you have to spend for every dollar you make? The difference between what you make and what you spend is the same as the differe...
How to review your marketing budget
Переглядів 216 місяців тому
Now is the time to shake things up and really challenge every dollar you spend marketing your business. Can you justify the spend and link it directly to results? If not, it’s time to rethink, and spend your money elsewhere. It can be easy to fall into a cycle of being on autopilot with a business, and just do what you always do. But taking time to analyze your marketing expenses by looking at ...
Understanding past year financials to make better decisions
Переглядів 146 місяців тому
Planning for the future means understanding the past performance of your business. How did you do last year? Not just at a high level like profit and loss - which business lines brought in the most revenue? Which generated the highest margins? Did your expenses make sense, or did anything surprise you? If money you spent didn't lead to additional sales, you want to know that heading into a new ...
How to set sales goals in a new year
Переглядів 346 місяців тому
Sales goals are a great place to start when you're putting your growth plan together for the new year. How much did you bring in last year? Were you happy with that number? Do you think you can grow it by 5 percent? What about 10 percent? You want to push yourself to grow, but at the same time be reasonable. The perfect goal will be just slightly out of reach. More Business Planning Resources: ...
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Your executive summary is far more than the first section of your business plan. It's your first...and sometimes ONLY... chance to impress investors, lenders, and other stakeholders. In this video, you'll learn to craft a killer executive summary that is sure to captivate your audience. By the end, you'll know what information to include in your executive summary and the most important areas to...
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Goal Setting
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КОМЕНТАРІ

  • @user-kc9sn7ji2s
    @user-kc9sn7ji2s 14 днів тому

    Cool ❤

  • @discokillers8674
    @discokillers8674 19 днів тому

    Well demonstrated!

  • @undergroundartistpromoter7012
    @undergroundartistpromoter7012 28 днів тому

    Wonderful 😊😊

  • @JFCotman
    @JFCotman Місяць тому

    The key is realizing business planning improves your odds of success! It’s been proven over and over again, entrepreneurs who have documented business plans outperform those who don’t

  • @unknownstreetsvisions
    @unknownstreetsvisions Місяць тому

    I bet she's never opened a coffee shop before

  • @unknownstreetsvisions
    @unknownstreetsvisions Місяць тому

    She Literally chat gpt'd her content

  • @uh5jg
    @uh5jg 2 місяці тому

    I appreciate you and this video!

  • @uh5jg
    @uh5jg 2 місяці тому

    Thank you so much for your simple explanation bc it’s time consuming to start a business.

  • @Loudbucks
    @Loudbucks 3 місяці тому

    This is a great idea!

  • @Loudbucks
    @Loudbucks 3 місяці тому

    Having a coffee business is more than just loving coffee

  • @pipkingdom
    @pipkingdom 3 місяці тому

    Brilliant overview. ❤

  • @HazelDoe
    @HazelDoe 3 місяці тому

    Wow! So good

    • @bplans
      @bplans 3 місяці тому

      @hazeldoe Glad it was helpful, let us know if you have any questions!

  • @mspeeches-jx6od
    @mspeeches-jx6od 4 місяці тому

    Thank you for this detailed information

    • @bplans
      @bplans 3 місяці тому

      Glad it was helpful!

  • @user-ij2or2oe7d
    @user-ij2or2oe7d 5 місяців тому

    Thanks to its simplicity

  • @Dilbagdigitalvlog
    @Dilbagdigitalvlog 5 місяців тому

    Very nice ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤🎉🎉🎉🎉🎉🎉🎉🎉🎉

    • @bplans
      @bplans 3 місяці тому

      Thanks 🤗 !

  • @Battleganz
    @Battleganz 5 місяців тому

    I want to finish my one-pager today. I wrote a 22-page business plan, but I won't be able to get funding yet anyway, so I might as well do a one-pager and go by that instead.

    • @bplans
      @bplans 3 місяці тому

      Nice! Let us know if you need any help on that one-pager.

    • @Battleganz
      @Battleganz 3 місяці тому

      @@bplans I already finished it! Two, in fact! Your method was so easy and effective. But I'm so glad I did the work to be self-funding! 100% equity and no debt smells so fine!

    • @leeanntran102
      @leeanntran102 2 місяці тому

      @@Battleganz yeah 22 page business plan is just too crazy and too much repeating the same answer over and over again. It's kind of annoying. lol

    • @Battleganz
      @Battleganz 2 місяці тому

      @@leeanntran102 I don't know. If I want to get financing, it's going to be at least 22 pages for the business plan. Probably 30. That's just how the game works.

  • @nareulutu696
    @nareulutu696 5 місяців тому

    Thank you for sharing.

    • @bplans
      @bplans 5 місяців тому

      Of course! We hope you found the information to be useful.

    • @phoenixkali
      @phoenixkali 3 місяці тому

      Thanks I been so bamboozled by business plans that expect me to want a limited company and I just want a market stall. My business plan is now on 1 page and my business advisor must be relieved to not need to read an epic novel!

  • @ElainePMP2008
    @ElainePMP2008 6 місяців тому

    thanks for the review

    • @bplans
      @bplans 3 місяці тому

      You bet!

  • @VASP37208
    @VASP37208 6 місяців тому

    Hello and thank you for this channel!! My question is, what is the difference between bplan and live plan and do I need to do one before the other??

    • @bplans
      @bplans 6 місяців тому

      Hello! Bplans is LivePlan's center for free business planning resources. LivePlan itself is our business planning software platform that lets small business owners create lender-ready business plans and forward-looking financial forecasts. You can find more information about Bplans here: www.bplans.com/ And more about LivePlan here: www.liveplan.com/ Let us know if you have any other questions!

    • @VASP37208
      @VASP37208 6 місяців тому

      Thank you for the clarity! I will most definitely be using your resources and websites. I was guided to you all as a part of my SBA(Nashville,TN)homework

  • @melissafretwell6140
    @melissafretwell6140 6 місяців тому

    Love the simplicity of message here!

    • @bplans
      @bplans 6 місяців тому

      Thank you!

  • @thecafcl8409
    @thecafcl8409 6 місяців тому

    How do you set sales goals for a new business

    • @bplans
      @bplans 6 місяців тому

      Here are a few resources! How to create a sales plan for your business: www.bplans.com/business-planning/how-to-write/marketing-sales/sales-plan/ How to write a sales and marketing plan: www.bplans.com/business-planning/how-to-write/marketing-sales/

    • @thecafcl8409
      @thecafcl8409 6 місяців тому

      @@bplans thanks

  • @dinabino2367
    @dinabino2367 7 місяців тому

    which to prepare first : executive summary, bussines plan or pitch deck ?

    • @bplans
      @bplans 6 місяців тому

      Great question! We would always recommend starting with your business plan first. It can be as simple as a one-page plan and by creating it you'll cover all of the crucial information about your business. This will make it MUCH easier to summarize the most vital info in your executive summary and pitch deck.

  • @NamondoLydiaLoka-ik6qf
    @NamondoLydiaLoka-ik6qf 7 місяців тому

    How can you make sure your business succeed despite difficulties.

  • @user-gl2fe8uv2z
    @user-gl2fe8uv2z 10 місяців тому

    Would love the other options!

  • @HamimVai-vg6pg
    @HamimVai-vg6pg 10 місяців тому

    Do you know i m a coffee maker as a barista

  • @tahtaflint3059
    @tahtaflint3059 11 місяців тому

    btw amazom mission statement is one of the most honest ones out here! they did what they said they would and continue to as we speak. straight shooters are always the best investment. i like to complete ride myself of the informercial approach state talking at and over me...... challenge yourself to speak with me. si5

  • @TaniaRouserArt
    @TaniaRouserArt Рік тому

    Who you are and what you stand for - your Why - to find your audience. How - unique value proposition. Who is my target market.

  • @edgargarciahernandez2476
    @edgargarciahernandez2476 Рік тому

    I want to start my coffee business I use to work at one that started from the bottom. I have my plan and idea and niche.

    • @bplans
      @bplans Рік тому

      Sounds like you're on the right track! Having a plan and firm understanding of your target customers are absolutely key. Best of luck in starting up your coffee business!

    • @edgargarciahernandez2476
      @edgargarciahernandez2476 Рік тому

      @@bplans yes, indeed I will learn from your videos. I hope to save up the money needed. Cause it's a great niche that is not as common in most parts so it would be good bringing a different vibe.

  • @brunomapesa8558
    @brunomapesa8558 Рік тому

    Please help me get answers,, question explain the use of a business plan

  • @RN-bb7qb
    @RN-bb7qb Рік тому

    Thank you ^__^

  • @jillchang7058
    @jillchang7058 Рік тому

    Great video! Easy to understand and to the point!

  • @innocentchanda-pb8nv
    @innocentchanda-pb8nv Рік тому

    Where is the lean business plan download link

  • @NinjaMoesha
    @NinjaMoesha Рік тому

    So why do businesses fail to complete a business plan?

  • @yanach8888
    @yanach8888 Рік тому

    Not bad not bad))

  • @mbaabugri537
    @mbaabugri537 Рік тому

    Thanks so much

  • @Killthesefears
    @Killthesefears Рік тому

    Great video!!!!!!!!!!!

  • @ronnimartin7033
    @ronnimartin7033 Рік тому

    Thank you so much for this video! Very helpful; straight to the point!! You helped me in the most critical way and I'm grateful!!

    • @bplans
      @bplans 3 місяці тому

      Amazing! Happy to hear it.

  • @gianwiop6535
    @gianwiop6535 Рік тому

    link to template does not work

  • @IEatBubble
    @IEatBubble Рік тому

    Could you talk about how to come up with a name!? Also, can you make this a full video

  • @MicKillerGaming
    @MicKillerGaming Рік тому

    In what order should I write the plan ?

  • @djfivestarentertainment7659

    How to write a business plan for restaurant

  • @danieldejene9346
    @danieldejene9346 Рік тому

    Alright good idea thanks

  • @nuni6589
    @nuni6589 Рік тому

    First Comment

  • @aster5031
    @aster5031 Рік тому

    10/10

  • @kristagibbons5099
    @kristagibbons5099 Рік тому

    Thank you for the advice.....always needed!

  • @bplans
    @bplans Рік тому

    #Shorts

  • @bplans
    @bplans Рік тому

    #Shorts

  • @hobinkim7084
    @hobinkim7084 Рік тому

    You have beautiful eyes and face

  • @user-tp6sb6lq5f
    @user-tp6sb6lq5f Рік тому

    This is a gem

  • @crackasmilezenpyre7901
    @crackasmilezenpyre7901 Рік тому

    Priceless information. Ty.