A strategic plan is a management tool that describes the goals of an organization and functions as a comprehensive guideline that details the necessary sequence of events or actions required to accomplish the specified objectives. It provides a clear path for an organization to follow in progressing from a current situation to a desired one over a specified timeline. This … Read more
An introduction letter is used by businesses to introduce themselves by highlighting the services they offer or goods they produce to potential customers, partners, distributors, investors, or others. Such letters are used by both start-ups and established companies. It is a formal document that has been authored by the company’s official representative or owner. It creates a good first impression … Read more
An Asset is anything owned or controlled by an entity such as a corporation, the government, or a person that is positively valuable economically. When valuable assets that are legally owned by a business entity are categorized on a sheet or document according to their individual usages and contribution or involvement in revenue-generation procedures of that business entity, a List … Read more
A business proposal is a document used by businesses to demonstrate their interest in providing goods or services at a competitive price to potential customers. Typically, The business proposal is used in B2B segments between companies that wish to enter into commercial agreements. This document is not the company’s mere presence but the express communication of interest to the client. … Read more
To examine the progress of different departments or projects within a company, management usually requests reports that expound on the same. The primary objective of a business report is to help in decision-making. Therefore, it can be defined as, A business report is a formal document that is used to analyze a given situation, issue, or project by providing a … Read more
A business case captures the reasoning for initiating a project or task. By definition, it can be stated as; A business case provides justification to management or stakeholders as to why a project or program should be implemented. It determines whether a proposed project justifies an investment by the organization. It defines the problem and its impact and carries out … Read more
When a business is expanding, especially in its early stages, the owners would want to reach out to prospects to initiate a business relationship. The most effective way to achieve this would be through an introduction letter. Such letters should be friendly and positive, with the hope of further correspondence. It is typically sent by new businesses to other business … Read more
With the increasing growth of technology and digitization in medical facilities, the quality of healthcare delivery has significantly improved. Nowadays, medical services are not only fast but also efficient. However, besides the many benefits experienced in the sector, there are some disadvantages that have come along. For instance, medical data is at risk of facing dangers such as targeted attacks, … Read more
Some purchases are too large and risky to be handled anyhow. Any errors, lapses, or inconsistencies that come along may usually attract far-reaching repercussions. You can never approach them anyway. Instead, you have to tread the said paths cautiously to be able to safeguard yourself from any losses. The business purchase letter of intent comes in to solve this problem. … Read more
In business, when writing to clients, stakeholders, employees, or another company, it’s important to use the right type of letter formatting. Any professional correspondence should be done using a Business Letter Format. How to Write a Business Letter? To begin with, such letters should be written on the company’s letterhead. There should be between 1 to 1.5 inches of a … Read more
Whether you are running a small business or a large one, creating a budget template helps you achieve effective financial management and goals. Failure to a budget can affect the normal operations of your business or even jeopardize its success. Therefore, if you have a business budget template, you stand a better position of controlling your costs, avoid over-expenditure. More … Read more
This bill of sale is a legal document or form that details in writing the sale of a business entity from one party to another. It serves as legal evidence that full consideration has been provided in the transaction and that the seller has transferred the rights to the business detailed in the form to the purchaser for a given … Read more
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