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In this blog post, we explore the important factors to consider when entering into a business partnership. Similar to embarking on a journey, a successful partnership requires careful planning and a shared vision. Each party must bring valuable assets to the table, just like the engine and chassis of a car coming together to create a functional vehicle. Partners should also discuss the expected duration of the partnership and outline a positive exit strategy from the beginning. By crafting a clear vision, mission, and set of values, partners can navigate the partnership's actions and decisions effectively. Additionally, partners need to determine a compensation structure that aligns with their contributions, both in terms of active involvement and investments. Overall, a well-prepared partnership journey filled with open communication and collaboration can lead to lasting success and prosperous outcomes.

This blog post discusses the different types of budgets commonly used by businesses and challenges the traditional view of budgets as a financial target. The author highlights four main types of budgets - incremental, activity-based, zero-based, and value proposition - and critiques their limitations. The post suggests that budgets should be viewed as a validation tool for the strategic planning process and as a navigation tool for achieving desired results. By integrating budgets into business planning and management reporting, they can contribute to great leadership and commercial success.

In a recent blog post, the author challenges the conventional wisdom that budgets are crucial for business success. After 25 years of experience, they have never encountered a business owner who credits their achievements to a budget. The author explains the four main types of budgets - incremental, activity-based, zero-based, and value proposition - and points out their limitations. They argue that budgets should be seen as a validation tool for strategic planning and a navigation tool to guide decision-making. By integrating budgets into the business planning process and considering both financial and non-financial targets, businesses can enhance their leadership and commercial success.

This blog post compares managing a business to driving a car, stating that just like when you learn to drive, running a business requires focus and concentration. The post emphasizes the importance of business planning and looking ahead to avoid obstacles that may arise. It suggests that rather than planning day by day or week by week, business owners should have clarity on their ultimate destination and the route to get there. Additionally, the article highlights the significance of tracking upstream information, such as client engagement and conversion rates, to drive the business better and faster. It also encourages developing a comprehensive financial dashboard and maintaining a cashflow forecast to ensure long-term success.