An operating plan is a specific outline of how your business will conduct its operations. More specifically, the plan covers details such as inventory sourcing, manufacturing processes, distribution ...

Developing strategic plans is a necessary part of a business. Many types of business plans exist, and two common types of plans include a tactical plan and an operational plan. Tactical and ...

As the popular saying goes: A goal without a plan is just a wish. This applies to a corporate strategy. It can look great in a proverbial template, but it falls flat if there is no documented action ...

Creating a strategy is hard work. It requires reliable data, keen insights, a touch of innovation, and a lot of difficult decision-making. When executed effectively, it can create clarity and focus ...

It’s more than a tool for getting funding. Think of it as the road map to your business’s future. Opinions expressed by Entrepreneur contributors are their own. Recently someone asked me why they ...

Tim Smith has 20+ years of experience in the financial services industry, both as a writer and as a trader. Dr. JeFreda R. Brown is a financial consultant, Certified Financial Education Instructor, ...