As we approach the New Year, many of our members begin to think about starting a new business or are working to take their existing business to a new level.
The many moving parts of running your business become the fundamental building blocks of your long-term business plan.
Consider each of them a pit stop along the road to business success.
Business Concept Your business concept is a summation of your company in a few concise and simple sentences.
It should clearly communicate the idea, design or value proposition behind your business so that a customer, investor or potential partner can quickly grasp what you will do and the value it will provide. Business Strategy Your business strategy provides the detail on how you will execute the business concept.