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Category: Strategy
EP70 Five awesome benefits of a strategy
A well-crafted strategy is essential for any business or organization aiming to achieve long-term success. Here are five key benefits of having a strategy: 1. Clear Direction and Focus 2. Improved Decision-Making 3. Competitive Advantage 4. Efficient Resource Allocation 5. Enhanced Team Alignment and Motivation Conclusion In summary, having a strategy provides clear direction, improves… Read more
EP69 5 More top earning business ideas
6. Content Creation (Blogging, YouTube, or Podcasting) 7. Virtual Bookkeeping and Accounting Services 8. Affiliate Marketing 9. Online Reselling (Amazon FBA, eBay, or Vintage Items) 10. Freelance Graphic Design and Creative Services Read more
EP68 Five top earning business ideas
1. Freelance Consulting 2. E-commerce Store (Dropshipping or Handmade Products) 3. Digital Marketing Services 4. Online Coaching and Courses 5. Software Development or Web/App Development Read more
EP67 What type of entrepreneur are you?
Small Business Entrepreneurs: Start small-scale businesses, often aimed at local markets, like a coffee shop, boutique, or consulting firm. Scalable Start-up Entrepreneurs: Start businesses with the potential to grow rapidly, often seeking investment to expand quickly (e.g., tech start-ups). Social Entrepreneurs: Aim to create solutions that address social or environmental challenges, focusing on making a… Read more
EP 66 What is an Entrepreneur
a person who sets up a business or businesses, taking on financial risks in the hope of profit. “many entrepreneurs see potential in this market” Read more
EP13 What does the GMAT involve?
Exam Structure * Data Insights: 45 minutes, 20 questions, assesses data literacy skills * Quantitative Reasoning: 45 minutes, 21 questions, assesses problem solving skills * Verbal Reasoning: 45 minutes, 23 questions, assesses critical reasoning and reading comprehension skills The GMAT exam, formally known as the Graduate Management Admission Test, is a standardized test widely used… Read more
Robust Contingency Plans III
Build flexibility into the contingency plan to adapt to evolving situations. Ensure that the plan can be adjusted based on real-time information. Continuous Improvement: Implement a feedback loop for continuous improvement. Regularly review the plan and update it based on lessons learned from real incidents or exercises. Legal and Regulatory Compliance: Ensure that the contingency… Read more
Robust Contingency Plans III
Prioritization of Risks: Prioritize risks based on their potential impact on critical operations and objectives. Focus on addressing the most significant risks first. Integrated Approach: Integrate the contingency plan with other organizational plans, such as business continuity, crisis management, and disaster recovery plans. Ensure alignment with existing operational procedures. Clear Objectives and Goals: Clearly define… Read more
Robust Contingency Plans II
Here are key elements to consider when creating robust contingency plans: Comprehensive Risk Assessment: Conduct a thorough and detailed risk assessment to identify all possible threats and vulnerabilities. Consider both internal and external factors that could impact the plan. Scenario Planning: Develop scenarios that explore different potential crises or disruptions. This helps in understanding the… Read more
How to set objectives II
More on objectives: Interdependence: Recognize the relationships between different objectives. Some objectives may be dependent on the completion of others, so consider these dependencies when planning the timeline. Ownership: Assign responsibility for each objective to specific individuals or teams. Clearly defining roles ensures accountability and facilitates effective collaboration. Flexibility: While objectives should have specific deadlines,… Read more