Our latest thinking on the issues that matter most in business and management.
Hospitality is competitive, and has a major requirement for working capital. Opening a restaurant can be a great idea, but only if you’re prepared! The following restaurant business plan sample will show you what it takes to develop a plan that answers all the major questions in operations, marketing, HR and financials. 1.0 Executive…
An acronym standing for Strengths, Weaknesses, Opportunities, and Threats, a SWOT Analysis is designed to help you analyze your company's capabilities against the realities of your business environment. Doing so allows you to direct your business toward areas where your abilities are the strongest and your opportunities are abundant. It also allows you to develop…
Being an entrepreneur can make you feel all-powerful sometimes! Maybe you feel like you can “do it all” in your business and you don’t need anyone to help you! WRONG! Unless you’ve got a background in tax preparation, you’re probably not going to do your own complicated business taxes this year. Unless you have a…
Often referred to as the most crucial part of a business plan, this essential element summarizes your plan's key points and entices the reader to read the document in its entirety. Because the executive summary is an overview of the entire plan, we always recommend writing it first. This way, it will act as a…
Have you ever had a bright idea in the middle of dinner so you wrote it down on a napkin so you don’t forget it? What happens when the waiter accidentally takes that napkin, it blows away, or you forget it in your pocket and you do the laundry? Transfer your ideas from the restaurant…
Hello, and thank you for joining our second discussion of a multi-part series where we learn from leaders in the black business community. We are honoured to use our platform as a means to understand business triumphs, personal experiences, and ideas on how we can achieve equality and justice for the under-represented. As we learn…
Toronto is an environment where entrepreneurs can thrive; the whole package, in one place, and that’s unusual in all the world. A huge part of the city's success can be attributed to its diverse population, bringing together mixed skill sets and experiences. If you’re considering starting a business in Toronto then you’re halfway there! In…
Considering the charitable nature of a nonprofit, people often shy away from developing a business plan, but rather focus on the development of a strategic or Operations Plan. In order to achieve impact as a nonprofit, you must work to develop a business plan which outlines not only the strategic and operational statutes of the…
Choosing to open a franchise is a proven path to success. Although the problem most people have is raising the initial capital to buy the franchise, and for the necessary startup costs. In this article I’ll explain how to write a franchise business plan, and what lenders want addressed in order to have the confidence…
Sustainability can’t be a small add-on that is tacked to the end of a company's business plan, but rather sustainability must be embedded within its core. Many questions are answered in a business plan that entrepreneurs often don’t consider. In a sustainable business plan we ensure we not only answer those questions, but we ask…
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