LivePlan Blog Page 15

Posted September 23, 2020 By Fred Schebesta

How to Research and Successfully Break Into New Markets

As your business grows, you may be looking to break into new markets. For that, you need to do market research. Here’s how to approach the research process.

Posted September 18, 2020 By Noah Parsons

How to Improve Your Business Faster Than Your Competition

If you review financials every quarter, you’re missing opportunities. But, there is a simple solution to be more nimble than the competition. Here’s how.

Posted September 15, 2020 By Anthony St. Clair

How Data Can Drive Your Revenue and Growth Strategy

Big data is more important than ever. Luckily, it’s also more accessible than ever—all business owners can access free and low-cost tools to track metrics easily.

Posted September 4, 2020 By Kody Wirth

How to Pivot Your Business During the Pandemic

Pivoting involves any large-scale change to your business. In a crisis, it may be necessary to survive. Here’s how to approach a pivot successfully.

Posted August 26, 2020 By Noah Parsons

Monthly Balance Sheet Review Process — How-to Guide

A key part of your monthly financial review meeting is taking a look at your balance sheet. Here’s how you can analyze it in just a few minutes.

Posted August 5, 2020 By Noah Parsons

5 Common Mistakes Startups Make With Data and How to Avoid Them

Collecting data is crucial for startups but it can be detrimental if used incorrectly. Here are 5 common data management mistakes and how to avoid them.

Posted July 30, 2020 By Noah Parsons

What Are Direct Costs? Cost of Goods Sold Explained

Direct costs or cost of goods sold are expenses attributed to the production of a product or service. Learn why this is vital for growing your business.

Posted July 7, 2020 By Noah Parsons

How to Read and Understand Your Income Statement (Profit and Loss)

Your profit and loss statement is the first financial information that investors and bankers will look at in your plan. Here’s a rundown of what the numbers mean.

Posted June 23, 2020 By Makenna Crocker

Which Are Better: Individual or Team Goals?

Should you set goals for your entire team or for individual team members? Well, that depends on your business needs. Learn the pros and cons of each and how to successfully set up either option.

Posted June 18, 2020 By Noah Parsons

How to Build a Business Model

Defining your business model is the final step in Lean Planning. In short, it’s how your business will make money. Learn how to define your business model.

The LivePlan Blog