Quick business tips from EOS Implementer, Julia Langkraehr of Bold Clarity.
The first in the series focuses on how to be a better leader.
A key strategy that will help you to build your business and grow is to develop strategic partnerships.
It is one I used time and again as was expanding my business, Retail Profile Europe, and it helped me expand into Russia and Germany.
I firmly believe that you never know where your next partner is going to come from, and networking can help you to build relationships which can lead to great partnerships.
Recently I spoke to a group of entrepreneurs at the Key Person of Influence Brand Accelerator event about how I had four different strategic partnerships as I grew my business, and the benefits they brought.
Every business should have a business plan – one which isn’t just written then left in a drawer, but one which is a working document, which you return to, refer to, revise and update as the business grows, changes, develops and expands.
Here are the key elements I think you need to include in your business plan:
1. Title page and contents
These are important as they mark you out as a professional, serious business – and make the document easy to use.
2. Summary of what the business does
This should be the About Us of your business answering in brief the all important who, what, where, when and how questions:
- What you do?
- Who does it – and who for?
- Where you do it?
- When you do it?
- How you do it?
If you are planning a new venture or new product, this is the place to include this.