Small Business Tips and Advice

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Perks and snags of running a virtual office

Saturday, January 6th, 2018

Has the thought of running a virtual office ever crossed your mind? Whether this is the first you’ve considered it, or you’ve been mulling it over for a while, here are some pros and cons you should know before you make your decision. Perks of running a virtual office Reduced overhead. Running your small business with […]

Our favourite blog posts of 2017

Saturday, December 30th, 2017

Best wishes from GoForth

Saturday, December 23rd, 2017

From of all of us here at GoForth Institute, we wish our fellow entrepreneurs a festive and restful holiday season. We’re looking forward to exciting new things in 2018, and we hope the new year is wonderful for everyone – in small business and in life!

The components of a business model

Monday, December 18th, 2017

As we discussed in our last post, a business model is a blueprint for the business, outlining how you’re going to run your business, and how you’re going to make money. It’s made up of five elements: Business concept Value chain position Calculating customer value Revenue sources and cost drivers Competitive advantage Let’s take a closer […]

The difference between a business model and a business plan

Saturday, December 9th, 2017

When you’re getting ready to start your small business, you want to create as solid a foundation as you can – and that involves education and planning. You might have heard that you should start with a business plan, or a business model. That’s great! But what are they, exactly, and how are they different […]

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