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7 Steps To Developing A Risk Management Plan

July 20, 2017 | Author: | Posted in Business Plans and Startups

Risk is real for any company or organization. Don’t kid yourself. Things happen when you least expect them to happen. Are YOU ready for the unimaginable, the unexpected, the unwanted? As an executive, have you put your head in the sand around risk? Do you pretend that all is well, and nothing will change? If so, it’s time to face reality: data …

Family Business Succession Planning: Why It’s Neglected

July 20, 2017 | Author: | Posted in Business Plans and Startups

As research has shown, over 70 percent of family businesses fail to successfully transition to the next generation. Part of this tendency can be explained through a general lack or unwillingness to plan for succession. Obviously, it’s a sensitive issue that can easily escalate into sibling rivalries, political power plays and tax hurdles. That, however, …

How to Open a Strip Club

July 20, 2017 | Author: | Posted in Business Plans and Startups

Opening a gentlemen’s club takes a lot more than just having beautiful girls to grace the stage. Today’s strip clubs are high caliber, eccentric cabarets, which combine fantasy, hospitality and sizzling entertainment. The media, as well as Hollywood have collectively worked into our conscious images of smoke filled, seedy joints, where gangsters and criminals gather. …

The Importance Of Budgeting And Forecasting For Start-Ups

July 20, 2017 | Author: | Posted in Business Plans and Startups

What Are Budgets and Forecasts? They are predictions of future income and expenses and cash flow. They also predict future performance with financial forecasts and projections and with financial models. Why Budget and Forecast? Budgets and forecasts provide a feasibility analysis. They can help develop a business model, review your key assumptions, and identify resource …

Risk Management – A Case Study on the Consequences of Bad Risk Management

July 20, 2017 | Author: | Posted in Business Plans and Startups

Introduction Risk in business is a reality. When these risks are successfully managed the rewards can be substantial. If not, a business can run into serious problems and even collapse. It is unnecessary (and stupid) to ignore risks. Over more than a decade we advised and assisted companies in growing and managing their businesses. Over …