Start out with a simple exercise and write out your goals. It may sound obvious, but you need to know where you want to go before you can create a plan for how to get there. You can’t move year ...

A business plan explains what your business does now and where you hope to be in three to five years. You may need one to apply for a business loan.

But even if you don't plan on finding lenders, you should still write a business plan, Stephens says. "The first investor you need to convince is yourself," Stephens says. "I had many doubts about ...

Customer churn is a top concern for any business—but especially B2B firms. If you aren't able to get on top of customer retention, your bottom line can be completely devastated. The best way to reduce ...

Having financial goals is great, but without a plan for how to reach them, you have little more than aspirations. To turn aspirations into reality, you need an investment plan.