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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
2025-01-29 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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Dacey Rankins

added blog Business
2024-12-23 16:02:49 -

Why is Business Strategy Important? Understanding the Role of Strategy in Achieving Business Goals
Business strategy is not just a buzzword; it’s the foundation of any successful business. A well-crafted strategy serves as a roadmap, guiding organizations through both daily operations and long-term decisions. Without a clear strategy, businesses risk losing focus, failing to meet their goals, or missing out on growth opportunities. In this article, we’ll explore why business...

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