Business Plan

Want a smooth family business transition? Embrace strategic planning.

Succession planning is hard enough, but as a family business navigates the transition of leadership from one generation to the next, too many forget or forget an essential part of the process: the strategic plan. As suggested in an excellent article, Strategic vs Business Plan in Family Business Magazine (May/June 2023 issue) by Charlie Carr, there is often tremendous resistance of families to engage in a strategic plan.

A strategic plan is a long-term approach to the business — it helps anticipate both threats and opportunities to the business in the future and sets a longer-term strategy for dealing with

Business Plan

Dig Portico Brewing’s environmentally focused business plan

Portico Brewing

Portico Brewing believes that its business should be a force for good, especially when it comes to the environment. Formerly a contract brand, Portico debuted its own brewery and community focused taproom near the Somerville-Cambridge line in Massachusetts in spring of 2023 but started thinking about its impact well before opening. Cool ideas range from locating in a LEED Gold certified building, to supporting local non-profit groups that help protect nature and its ecosystems, to sourcing toilet paper made from 100% recycled content for its bathrooms.

It’s all part of what the brewery recently opened refers to as its environmental

Business Plan

Minto businesses earn support through pitch contest

A natural wellness clinic claimed the 11th annual PitchIt Minto Business Plan Competition.

Two Pines Herbals won the 2023 competition aimed to grow small businesses in Minto and increase awareness of available resources.

Owner Lior Sabach-Stewart said she’s looking to begin offering herbal remedies and reiki sessions to the area in September.

“Being a part of the competition and being a finalist, I had to dive deep into the what, how and how much of my business. The competition gave me the opportunity to figure this all out. I was lucky to have all the resources offered in the area

Business Plan

How to write a startup business plan in 2023?

A business plan is a formal document that includes the goals of your business and how you will achieve them. It is a roadmap or outline to showcase how your startup will work but it has to be compelling to attract investors.

Whether you are a new startup or an established one, a business plan in entrepreneurship is quite important.

Here is a short guide to help you create a startup business plan in 2023:

have a clear goal

When you write your company description, try to include the most important details. A simple two-sentence business description will not do

Business Plan

Sheet Harbor Marina project begins formal business plan

SHEET HARBOUR – An expert crew of economic planners and community developers will skipper the crucial next phase of Sheet Harbor’s long-awaited coastal marina, saying the community volunteers are in charge of the project.

“We have officially gotten underway with our enhanced business plan and feasibility study,” Marilyn Munro, president of the Sheet Harbor Marina Association (SHMA), told The Journal last week. “We have hired Group ATN Consulting (GATN) in partnership with A. Langley Developments/DBA Superyacht East Coast (SYEC), who brings a deep knowledge of marina development, operations and destination marketing to this project.”

Forecasting costs and revenues, overall market

Business Plan

West Lincoln tractor tire business goes through a site plan review

state

Business Plan

Portage Manor proposals come as expected. Granger doc hopes officials ‘give it a chance.’

A sign greets the public at the entrance drive to Portage Manor in South Bend on March 2, 2023.

A sign greets the public at the entrance drive to Portage Manor in South Bend on March 2, 2023.

SOUTH BEND — As the deadline passed Tuesday evening for proposals to save the county home Portage Manor, there were no surprises.

The only two submissions at the St. Joseph County commissioners’ meeting were a business plan from Dr. Sylvana Atallah of Granger and the four recommendations of a local task force on the issue.

The task force’s top choice is transferring the home to another private entity to run it, be it Atallah or someone else. Commissioners were, in fact,

Business Plan

Lloyd’s aims to identify underwriting & exposure challenges earlier in the syndicate business planning process

Lloyd’s, the world’s oldest insurance and reinsurance marketplace, has released a market bulletin detailing the 2024 business plan and capital approval process and timeline for syndicates, stating that it intends to identify underwriting and exposure challenges earlier in the syndicate business planning process.

The May 16th bulletin from Peter Montanaro, Director of Market Oversight, informs the market of both the 2023 process and timelines for agreeing 2024 business plans and capital requirements.

It underlines that performance remains Lloyd’s number one priority, highlighting the importance of syndicates providing evidence that they have considered and factored in the risks linked to macro