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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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Understanding the core activities that make your business work
Identifying basic and expanded business processes
Steps for performing a process analysis
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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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Disruptions ranging from natural disasters to the departure of key staff can impact your business
Creating a contingency plan to mitigate the scenarios you believe your business is most likely to face
How contingency planning can benefit your business
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Research shows that companies that in their employees and workplace post better profits than those that don’t
Fair pay and benefits, an open leadership model, and other strategies to improve your company culture
Ensuring that your employees are engaged with their work is also a crucial factor
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Common mistakes made by entrepreneurs seeking to run a business
Failure to have a clear plan for finances, marketing, and other aspects of the business is a major shortcoming
Entrepreneurs must also be willing to commit to a venture and seek help as needed
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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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