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Dacey Rankins

added blog Business
2025-03-13 15:44:34 -

Do I Need a Business Plan?
If you’re thinking about starting a business, you might wonder whether a business plan is necessary. While it’s possible to start a business without one, having a well-structured plan can significantly improve your chances of success. A business plan serves as a roadmap, guiding you through each stage of growth and helping you make informed decisions. What Is a Business Plan? A...

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Dacey Rankins

added blog Business
2025-08-07 17:27:00 -

How Do CEOs Align Short-Term Actions with Long-Term Company Vision?
One of the most critical challenges for any CEO is ensuring that the company’s immediate activities contribute meaningfully to its long-term goals. Balancing the urgency of today’s demands with a focus on the future requires a deliberate and strategic approach. CEOs who succeed in this area foster consistency, alignment, and purpose throughout the organization. 1. Establishing a...

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Dacey Rankins

added blog Business
2025-05-06 12:56:58 -

How Do I Know If It’s the Right Time to Seek External Funding?
Securing external funding is a major milestone in a startup's journey—but timing is everything. Raising too early can dilute ownership and attract the wrong investors, while waiting too long might limit growth opportunities or cause you to miss your window in the market. So how do you know when the timing is right? Here’s how to evaluate whether your startup is ready to pursue...

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Dacey Rankins

added blog Business
2025-08-21 16:43:18 -

How Do You Balance Short-Term Goals with Long-Term Vision?
One of the most challenging responsibilities for leaders, executives, and especially product managers is finding the right balance between short-term goals and the long-term vision of a company. Focusing exclusively on immediate results can lead to incremental improvements but may sacrifice innovation and sustainability. On the other hand, prioritizing only long-term aspirations without...

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Dacey Rankins

added blog Business
2025-07-16 16:17:18 -

How Do You Keep Motivated Team Members Challenged? Inspiring High-Performers to Go Beyond the Status Quo
A common leadership dilemma is this:“How do you encourage high-performers who are already meeting expectations to go above and beyond?” It’s a good problem to have—but a critical one to solve. When your most motivated team members hit their stride, they may begin to plateau if not continually challenged. These individuals thrive on growth, responsibility, and purpose....

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Dacey Rankins

added blog Business
2024-12-19 15:06:58 -

How Often Should I Update My Business Plan?
A business plan is a dynamic document that provides a roadmap for your company’s growth and success. However, many entrepreneurs make the mistake of treating their business plan as a one-time task—writing it, submitting it, and then forgetting about it. In reality, a business plan should be updated regularly to reflect the changing conditions of your business, industry, and market....

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Dacey Rankins

added blog Business
2025-02-07 16:22:17 -

What Are My Financial Projections?
When starting or managing a business, one of the most important aspects to consider is your financial projections. Financial projections are estimates of your business's future income, expenses, and profitability. These forecasts serve as a roadmap for your financial goals and help ensure that your business remains financially healthy. Having a clear financial plan will enable you to manage...

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Dacey Rankins

added blog Business
2025-09-08 08:02:20 -

What Are SMART Goals?
Setting goals is easy; achieving them is the challenge. Too often, people set vague objectives like “I want to be healthier” or “I want my business to succeed.” While these intentions are good starting points, they lack clarity and structure. That’s where the SMART goal framework comes in. SMART is an acronym that stands for Specific, Measurable, Achievable,...

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Dacey Rankins

added blog Business
2024-12-26 13:45:00 -

What Are the Best Books on Business Strategy?
Business strategy is a crucial aspect of any successful organization, as it helps define the direction of the company and ensures its growth and profitability. For entrepreneurs, business leaders, and strategists, understanding the nuances of strategy can be a key differentiator in a competitive market. There are many books that offer valuable insights into business strategy, providing...

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Dacey Rankins

added blog Business
2025-09-04 13:27:09 -

What Does a Growth Plan Look Like?
A growth plan is the roadmap that outlines how a business intends to expand, capture new markets, and increase revenue over a defined period. While a growth strategy focuses on the “what” and “why” of growth, a growth plan dives into the “how,” specifying actionable steps, resources, and timelines. Without a clear growth plan, even businesses with the best...

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