-
80:20 Rule – The Pareto Principle
Key Learning Outcomes Learn about this well-known business principle, the Pareto principle, which originated in the 1800s and still has valuable applications in business today. Investigate why, for example, 20% of your wardrobe gets 80% of the wear or 80% of your productivity will come from 20% of your activities. Recognise that the key is…
-
Goals and Objectives
Key Learning Outcomes Develop clear and well-defined goals to help you set the direction for your business and to ensure you and your team work towards a common purpose. Understand that when goal-setting, you can dare to dream big at the beginning as you can always fine tune goals during the planning process. Learn how…
-
Competitive Analysis
Key Learning Outcomes Understand that a competitive analysis looks at your own business and your competition against a standard set of criteria. Recognise that valuable insights and opportunities can be identified through a competitive analysis. Learn how to objectively analyse the data and use it to gain a competitive advantage. Apply the Absolute Best template…
-
Free Article – Introduction to Business Planning
Key Learning Outcomes Acknowledge Benjamin Franklin’s advice when he said “when you fail to prepare, you prepare to fail”. Understand that business planning is vital to your business’s ongoing success. Apply the Absolute Best step-by-step business planning process to put your business on the right path for the next 12 months, and beyond. Recognise that…