Business Plan Guide

strategic alliances in business

The Ancient Romans Can Teach Us About Strategic Business Alliances

Caius Julius Cesar was one of history’s most skilled military leaders. The Roman consul, leader of all legions, and conqueror of Gaul will give us a lesson today. A lesson about strategic business alliances. A lesson that can benefit YOUR enterprise and career. Gaul was in the contemporary area that includes France, Luxembourg, Belgium, the …

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Business location analysis map

6 Things Entrepreneurs Must Never Forget In a Business Location Analysis

It is not always a good idea to rely on your best assumptions or gut instinct. Perhaps it would Be ok for minor risks, such as selecting beer at the supermarket or clothing at a department shop. But not when considering where to establish a business. I’m not suggesting you should abandon your instincts entirely. …

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where to find business partners - a cold beer poured.

The Ancient Art of Finding Business Mentors over a Cold Beer

Forging enduring business alliances in unusual places. This is the first article of a series about how to find business mentors. To receive the next ones directly in your e-mail, subscribe to our list for free here. Entrepreneurs frequently leave their home country. The unpredictability and difficulty of beginning a company in an unknown environment add to …

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target and arrows - competitive analysis in business

Never Write a Competitive Analysis in a Business Plan without These 3 Questions

This is the first article of a series about Competitive Analysis in a Business Plan. To receive the next ones directly in your e-mail, subscribe to our list for free here. It was a brisk Sunday afternoon in Warsaw, Poland.  At the main square of the city, my wife and I met her parents for a …

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Girl with a laptop. PEST Business Analysis

Use the PEST Business Analysis to Grasp the Local Entrepreneurial Culture

What Is the PEST Business Analysis Listen to “Entrepreneur Decision Making Tools – Use NOW the PESTEL Analysis for Small Business” on Spreaker. PEST is an acronym for political, economic, social, and technological. These four factors make up a business’s external environment and can affect a company’s performance. This is especially true for small businesses, which …

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ICE Train - Competitive Benchmarking

Competitive Benchmarking – A Parable to Understand Why It Is Essential

A Real-Life Example of Competitive Benchmarking All Good to Great companies began the process of finding a path to greatness by confronting the brutal facts about the reality of their business. When you start with an honest and diligent effort to determine the truth of your situation, the right decisions often become self-evident. (Jim Collins) Imagine …

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Cartoon of aman jumping between rocks. Types of Business Risk

Types of Business Risk

Business Risk Assessments for Every Entrepreneur A simple but efficient way to assess the types of business risk is the Impact vs Likehood matrix. Often we learn it at business school, but later in our careers and projects, we forget it. Big mistake! This is an exceptional tool for entrepreneurs and managers when assessing uncontrollable …

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