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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
2025-05-06 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
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
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
2024-12-24 13:12:02 -

What is the Difference Between Business Strategy and Business Plan?
When starting or managing a business, it's crucial to understand the distinction between a business strategy and a business plan. While these two terms are often used interchangeably, they serve different purposes in the business landscape. Users often seek to distinguish strategy from tactical planning, and knowing their differences can lead to clearer decision-making, more effective...

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Dacey Rankins

added blog Business
2024-12-24 13:08:22 -

What is the Difference Between Business Strategy and Corporate Strategy?
In the world of business, the terms "business strategy" and "corporate strategy" are often used interchangeably, but they refer to distinct concepts. Understanding the difference between these two strategies is crucial for business leaders, managers, and entrepreneurs, as it helps in making more informed decisions and ensures alignment within an organization. People often seek clarification on...

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Dacey Rankins

added blog Business
2025-03-06 18:31:35 -

What Role Does Corporate Governance Play in Late-Stage Startups?
As startups grow into mature businesses, they face new challenges that require strong corporate governance to ensure stability, scalability, and investor confidence. Late-stage startups, often preparing for IPOs or major acquisitions, need well-defined governance structures to maintain efficiency, accountability, and ethical decision-making. Effective corporate governance plays a critical role...

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Dacey Rankins

added blog Business
2025-03-07 13:45:41 -

What Role Does Corporate Governance Play in Late-Stage Startups?
As startups mature into late-stage companies, corporate governance becomes essential for ensuring sustainable growth, stability, and long-term success. Effective corporate governance provides structure, accountability, and strategic direction, enabling these companies to navigate complex business environments. Here’s how strong governance impacts late-stage startups. 1. Accountability...

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Dacey Rankins

added blog Business
2025-01-29 16:56:19 -

When Should an Organization Consider Hiring a COO?
In the fast-paced world of business, the decision to bring in a Chief Operating Officer (COO) is a significant one. As companies evolve, the demands on leadership increase, and many organizations find themselves asking, “When is the right time to hire a COO?” The answer largely depends on the company’s size, structure, growth goals, and the specific needs of its leadership...

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