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business,Business Plans,Entrepreneurship,Leadership and Management,Loans

How much do Business Plan Consultants Charge?

The cost of hiring a business plan consultant can vary depending on a number of factors, including the specific services they provide and the amount of time they spend working on your business plan. In general, however, you can expect to pay anywhere from a few hundred dollars to several thousand dollars for a comprehensive business plan. 5 tips to consider before you hire a Consultant. So, What should you consider before Hiring a consultant? There are several things to consider before hiring a consultant. Here are a few key points to keep in mind: Photo by cottonbro studio on...
Business Plans,Entrepreneurship,Leadership and Management,Personal development,Trainings

Revamping your Strategic Plans for 2023

It's great that you're thinking about revamping your strategic plans for 2023! When it comes to strategic planning, the first step is to take a look at your current situation and assess what's working and what's not. This will involve conducting a thorough analysis of your current business operations, including your financial performance, your customer base, and the state of your industry. Once you have a good understanding of your current situation, you can begin to think about where you want your business to be in 2023. This will involve setting specific, measurable, achievable, relevant, and time-bound (SMART) goals for...
Entrepreneurship

Writing an Executive Summary in a Proposal

Your executive summary will be a brief introduction and justification of the proposal which needs to be shorter and more summarized when compared to an abstract. Most importantly, it should contain the problem (development challenge) which is the target of the project, and the solution to the problem in the proposed project; and other parts of the text will be written for enhancing and explaining the purposes of the two components. The attractive thinking will be maintained here to give reasons to the donors to finish reading the whole proposal. Ideally, a good summary will start with the problem and its...
Business Plans,Entrepreneurship,Trainings

Penexus Consulting Launches Free Business Plan Training

Business Plan Training by Penexus Consulting In order to help boost the success rate of more SMEs in this year's Tony Elumelu Foundation's Annual SME grant scheme; Penexus Consulting is having an open day for questions and answers on Business plan development and pitching. The program is for entrepreneurs interested in boosting their chances of being part of the winners in this year's Business Plan Competition of the Tony Elumelu Foundation. It will be noted that earlier this year and due to the highly competitive nature of the Business plan Competition and grant, The Tony Elumelu Foundation announced that this...
Branding,Entrepreneurship,Inspirational,Personal development,Sales & Marketing

5 Ways Millionaires Approach Their Careers

Hey, it's 3:43am in Nigeria and I am excited because I just stumbled on this great piece written by Ken Sundheim on the entrepreneur webpage and I just know you will love it! Enjoy this read: In the majority of cases, it’s not luck that makes people money, nor is it who they know. Rather, the people who make the most money in their careers are the ones who display discipline, and who have a definitive sense of purpose and heavy duty resiliency. The positive news is that even if you don’t possess these skills now, it is very possible...
Branding,Business Plans,Entrepreneurship,Inspirational,Pastoral Mentoring,Personal development,Uncategorized

ENTREPRENEURS DON’T PLAN TO FAIL

[caption id="attachment_1322" align="aligncenter" width="404"] Entrepreneurs[/caption] Research Says on Entrepreneurs I periodically read research reports about business failures and the details about Entrepreneurs Journey . I always find them interesting, although often reading about how these hardworking entrepreneurs fail is indeed depressing. A recent research from Bradley University in Peoria, IL found out that 70% to 80% of new Entrepreneur endeavor fails within their first year. While this was frustrating enough to read, the research further stated that half of those companies which do survive the first year will fail within the next four years. Why Entrepreneurs Fail [caption id="attachment_1522" align="alignnone"...
Uncategorized

What makes a good plan?

What factors are involved in creating a good business plan? Is it the length of the plan? The information it covers? How well it’s written, or the brilliance of its strategy. No. The following illustration shows a business plan as part of a process. You can think about the good or bad of a plan as the plan itself, measuring its value by its contents. There are some qualities in a plan that make it more likely to create results, and these are important. However, it is even better to see the plan as part of the whole process of...
Branding,Entrepreneurship,Inspirational,Uncategorized

Why are you in Business?

Before you can build an exceptionally strong brand, you need to know why you’re in business. Not what you do, but why you do it. Your business’s ‘noble purpose,’ if you will. Articulating that mission is probably one of the most critical—and difficult—challenges in the branding process. And it’s a challenge for companies of any size and stage, not just for startups. Without a clear articulation of your business mission, branding is just window dressing. If you’re like many business owners, though, you may find it difficult to separate yourself from your company’s brand. When you’ve been the driving force...
Entrepreneurship,Uncategorized

What do you consider the Most Important part of your Business Plan?

Now I need your view on this and only the best get Published! One of the things we do at PenexusConsulting is Business Plan reviews. With that I mean If you have already written your Business plan, we can provide an objective third party critique before you send it to investors. However I have seen more Business plans get bounced because the entrepreneur tend to think th Bigger and Bulkier the plan the more appealing! Let us know in the Comment Box below which one you consider the most important part of a Plan and why? Please note that will...