Saturday, September 26, 2009

The One-Page Business Plan

Plug all employees into a common direction, says Kraig Kramers.

Make sure it includes four elements:

* Unique Business Proposition

* Purpose of your Business

* Overall goal of your business

* Your strategy to achieve the goal

(Kramers says employees' greatest fear is that the boss doesn't really have a strategy for dealing with what is going on.)

One last tool from Kramers: "I wouldn't run a business in this economy today without a daily cash report."

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