In a recent article, we identified what I refer to as the “four cornerstones of business success” — mission, vision, values and culture. These principles are so important that I do not believe Los Angeles and Southern California business owners and entrepreneurs can be successful unless they embrace and...
If you are a Los Angeles or Southern California business owners or entrepreneur who is serious about running a successful business, there are certain things that you must do. For example, you must be willing to work harder and smarter than your competitors. And you must ensure that your...
“If you don’t know where you’re going, any road will get you there.” Most Los Angeles and Southern California business owners and entrepreneurs have heard this saying before. And while it may be an “old saying,” it holds true in many areas of life, including business planning. A coherent and...
You’ve undoubtedly heard the old saying that some people are so focused on the trees that they can’t see the forest. Unfortunately, many Los Angeles and Southern California business owners and entrepreneurs are so focused on the day-to-day tasks and challenges involved in running their businesses that they seldom...
If it were up to me, the term “non-profit” would be banished from the English language. Why? Because many people associate this term with “non-performance.” They think that just because an organization’s mission is something other than delivering profit to a group of owners/shareholders, the leaders do not need...
Most CEOs and CFOs are well aware of the importance of business planning and creating a formal business plan document. Not as many, though, give as much thought to strategic planning. In fact, many CEOs and CFOs believe that business planning and strategic planning are the same thing, but they’re...
What is strategic planning? Strategic planning is the process in which an organization examines and analyzes its resources and defines a path for the near future. In other words, strategic planning is sitting down with a group of people who have different roles in an organization and mapping out where...
A business plan means a lot of different things to different people. There are software programs that assist a new business to map out its plan, strategy, and goals. Or professionals in business plan writing can craft complex documents that include such items as detailed financial analysis and forecasts,...