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Entrepreneurs often only work for themselves, but leadership skills are a must when you have majority ownership with your partners or when you bring on employees How leadership skills can give your company direction, set the tone of your business, and create and maintain a cohesive company Clear communication, developing a vision, and other advice for stepping into the role of a leader
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Risk management is vital for preserving your company in the face of unexpected circumstances Understand different scenarios for internal and external risks How to develop a risk management plan, and prepare for unpredictable risks
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A small business Action Plan is useful for introducing new products and services, expanding staff, and other purposes An 11-step process for creating this plan A real world example of an Action Plan used to meet the objectives of a med spa business
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A dashboard offers an easy way to track key metrics related to your business Tracking sales, return on investment, employee performance, and more Factors to consider when creating your dashboards
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An action plan establishes a short-term effort to achieve the goals of a strategic action plan Assembling a team, monitoring actions, creating a timetable, and other steps Building in flexibility to account for unexpected circumstances
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Understand why a business plan is important and what it needs to accomplish
This document provides crucial guidance and minimizes the chances that you’ll run into common mistakes
Business plans can be dynamic documents, useful to both startups and established companies
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Understand different types of business plans
Business plans can assist you when starting a business and when growing one
Choosing wisely during the different periods of your business will help you better achieve your goals
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How an operating agreement can assist with the management of a Limited Liability Company
For those looking forward to starting their company as an LLC
Helps govern internal operations of the business in a way that suits the specific needs of the business owners
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Articles of organization formally establish a limited liability company (LLC) with the state
Provides basic information about the company and its members
Distinct from an LLC operating agreement
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A business plan can help you prep your company for launch, but you can jeopardize your chances of success if you make one of several common errors
Factors range from sloppy grammar to unrealistic financial forecasts
For those planning a business
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