Planning for your business is extremely important. Often, this is called your strategic plan, which is the formalized road map that describes how your company executes the chosen strategy. A plan spells out where an organization is going over the few years and how it’s going to get there.
A strategic plan is a management tool that serves the purpose of helping an organization do a better job, because a plan focuses the energy, resources, and time of everyone in the organization in the same direction.
The plan also helps build your competitive advantage, communicates your strategy to staff, prioritizes your financial needs, provides focus and direction to move from plan to action.
Here is a brief update on something called the Cybersecurity Maturity Model Certification (CMMC). This is a game changer for government contractors dealing with DOD in either a prime or sub contracting capacity and goes into effect January 2020 (timeline below). For those aware of the significance of CMMC, there is a true sense of […]
A guy I used to work with in public safety, Steve Mattoon, used to say, “In a critical situation, we do not rise to the level of our expectations, we fall to the level of our training.” That statement is as true in law enforcement and the military as it is in running a small […]
On the evening of Tuesday, October 10th, Hurricane Michael entered the state of Georgia as a Category 3 hurricane. According to the National Weather Service, “Hurricane Michael was the strongest hurricane on record to make landfall along the Florida panhandle as well as the first major hurricane (Category 3+) to directly impact Georgia since the […]
When Tonya and Nick Rintye decided to open a day care and boarding facility for dogs, they went to the UGA Small Business Development Center (UGA SBDC) in Savannah for assistance. They learned right away that they needed more than an idea to start a business. “I didn’t have any money to put down on a […]
The statistics on small business failure vary widely depending on the report and the source. Some say nine out of 10 while others put the first year failure rate as low as 20 percent. As a small business owner, you may not care what the actual number is as long as you are not one […]
Wendy Eley Jackson possesses the creative credentials eagerly sought by film and television production companies. She developed her artistry while working at TriStar, Sony and TBS. After a while in the industry, though, 60-hour weeks and a desire for a balanced lifestyle led her to form her own company, Golden Street Entertainment, in 1999. She had […]
Solid financial planning turns unique vision into thriving middle Georgia practice. After several years of working in other practices, Dr. Jeff Langford, a specialist in allergy and immunology, wanted to drive quality control himself. He also knew much of Middle Georgia’s population lacked easy access to his specialty. So he developed a new practices model […]
The UGA SBDC helped catapult “The Elf on the Shelf” to stardom. Here’s how: Since helping Carol Aebersold and her twins, Christa Pitts and Chanda Bell launch the best-selling holiday book in 2004, the UGA Small Business Development Center has continued to provide support and guidance to the Kennesaw-based company. “The Elf on the […]