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John F. O'Hara

John F. O'Hara
731 W Skippack Pike  Blue Bell  PA 19422
Phone:  610-277-4060
Office:  215-643-3200
Cell:  267-481-1786
Fax:  267-354-6973

My Blog

How to Build a Better Business Plan

September 29, 2017 1:29 am

(Family Features)—Creating a business from the ground up is no small endeavor. From planning to financing to putting standard business services in place, there's a lot to tackle. All of that is in addition to operating the day-to-day business.

Once you've settled on a business model that meets your needs, developing a business plan is an essential next step. These five tips can help you get started:

Think long-term. A solid business plan should account for your start-up, of course, but also the longer range future of your operations. Consider how you want your business to look five years down the road. Create goals and build in milestones to chart your progress on that long-term path.

Write it yourself. No one can embrace your vision as completely as you can, and developing the plan yourself gives you a deep understanding of every aspect of the business, which is essential for good management. Even if you hand over certain responsibilities down the road, being aware of each aspect of your business can make you a stronger, more successful leader.

Review the plan over time. Know that time brings change. The business climate and other variables that influenced your original plan will likely shift over the course of your ownership. That's why it's important to revisit your plan at least annually to ensure your original roadmap is still on the right track strategically.

Share your plan with others. Inviting input from an adviser or experienced friend or colleague is a great way to spur new ideas and identify potential problem areas. Be sure you're prepared to accept constructive criticism to help shape the best possible business plan.

Stick to it. After all the sweat equity you invest in creating your business plan, the worst thing you can do is allow it to collect dust on a shelf. Use the plan to guide you in launching and growing your business. When business is booming and you're too busy to think strategically, you'll be grateful to have a well-conceived plan to rely upon.

Source: Family Features Editorial Syndicate

Published with permission from RISMedia.


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Bosses: How to Better Serve Your Team

September 29, 2017 1:29 am

If you're leading a team of employees—whether it's a team of 10 or a team of 100—you should spend some time thinking about how to be a better boss. The best leaders not only look at the big picture, but spend time nurturing their individual relationships with their staff.

With this in mind, Robert Half Management Resources offers five tips for leaders:

Take a genuine interest. Talk to employees about their career goals and what keeps them up at night. You can only address their motivations and concerns once you know what those are.

Add meaning to the job. Employees should know how your firm's products and services improve the lives of customers and how their individual contributions support the company's mission.

Provide regular business updates. Make the organization's objectives an ongoing topic of conversation. Explain to staff the rationale behind operational goals and the steps being taken to attain them.

Tap experts. People won't feel confident in leadership if they don't have the support they need. Bring in consultants who provide in-demand knowledge not available internally, such as for a change initiative or merger integration. Interim professionals also can assist with spikes in activity, helping staff better manage heavy workloads.

Sell the firm to staff—again and again. Managers woo job seekers during the hiring process but often fail to keep the courtship alive. Keep employees apprised of the firm's successes and regularly promote the many great reasons to work there.

Source: roberthalf.com/management-resources

Published with permission from RISMedia.


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