Customer centricity is the core of a business success, and no reasonable individual argues its validity. The companies implement strategies to make their customers fulfilled by using their products and services. Over the last couple of years, more and more companies have been trying to fundamentally reshape the way in which they interact with their customers — a trend that has been accelerated by the recent Covid-19 pandemic. Perhaps the biggest change firms have made is that, rather than having a few episodic interactions, they are trying to create a continuous relationship with their customers. Customers feedbacks are critically important…

In science fiction, the "metaverse" is a hypothetical iteration of the Internet as a single, universal, and immersive virtual world that is facilitated by the use of virtual reality (VR) and augmented reality (AR) headsets. In colloquial usage, a "metaverse" is a network of 3D virtual worlds focused on social connection. The metaverse is a vision of how the next generation of the internet will operate. A metaverse will be an improved digital environment where it is possible to move seamlessly between work, play, shopping, socializing and creativity in one digital landscape. What form that landscape will take is a subject of debate. Firms such as Meta (Facebook) are investing heavily…

We all have experiences in planning and executing projects whether at home or at work. It is given that a proper planning and execution lead to success. We have learned it from our experiences to plan properly then work the plan. This is simply true, however, there are other dimensions of planning and execution based on our experience consulting and working with SMEs that we would like to streamline. We categorize four outcome scenarios depending how an SME is weak or strong in planning and in execution presumably the resources remain constant equally in each scenario. 1 - Success: we all…

Are you in need of a business plan development company to help you take your business to the next level? Choosing the right company is crucial to ensure that you get a comprehensive and customized plan that meets your specific needs and goals. We created this guide to help you choose the right business development plan company.

During the pandemic, enterprises had to re-evaluate their business strategies to survive. Therefore, post-COVID-19, there has been a significant demand for Management Consultants to help companies address sustainability, recovery, and expansion plans.

The Paradigm Business Plans team wishes you the happiest of holidays this season. May the New Year be filled with joy, health, and prosperity!

There are smart and hardworking managers in well-run companies who operate well, however, cannot to innovate efficiently. It looks like most companies are not half as innovative as their senior executives want them to be. There might be various reason for this inefficiency and opportunity cost. Among these reason, the following financial tools and measures are contributing factors for lack of innovation in corporations: Misapplying DCF and NPV- the first misleading financial analysis tool is the method of discounting cash flow to calculate the net present value of an initiative. While the mathematics of discounting is logically impeccable, analysts commonly commit…

For years we heard that Toronto’s housing market was a bubble. Recent Rapid interest rates increases have slowed down the real estate transactions volume and have reduced the housing prices in 2022. How can we perceive this market change? Is it a bubble bust that some people have been saying  for years and some got short positions to benefit from free fall real estate market? or Is it a market correction that occurs in any market naturally? To answer these questions, it is better we look into the core real estate factors influencing the housing market and prices. Like any other…

Competitive advantage entails various aspects in a company, from its governance to the  HR competitiveness, all should be aligned and integrated to generate a great market positioning. Among all sorts of competitiveness like technology, lean manufacturing, IoT, etc. organizations are competing on analytics not just because they can, but because they should. It is virtually impossible to differentiate from competitors based on products alone. The rivals sell similar products and/or services, like large manufacturers are all benefit from cheap offshore labour, you’re hard-passed to beat overseas competitors on product cost. Among different ways to differentiation as source of competitiveness, becoming an analytics…

There are new changes to the Canada Small Business Financing Program to further support the small businesses. “The amendments to the Canada Small Business Financing Regulations and Canada Small Business Financing Act came into force on July 4, 2022. They provide lenders and small businesses with additional financing products, new class of loans, increased loan amounts and terms, improved loan conditions and decreased administrative burden.” What are the changes those small businesses can benefit from? New financing amounts: $1.15 million which includes the following Loan breakdown: o $1 million for term loans; o maximum of $500,000 for equipment and leasehold improvements loans; and$150,000 for intangible assets and working capital costs. o $150,000 for lines of credit for working capital…

For any business plan, including your financing, management or immigration purposes, you need expert advice to ensure that you are guided in the right direction. They also assist with business, equipment, renovation and expansion loans.

Companies strive to transform to data utilization and make decisions based on data generated and measured by the company. Financial statements and measures do not necessarily address all vision and strategy efficacies. Balanced scorecard was developed to measure performance from thee additional a views: customers, internal business processes and learning and growth. This approach is a complement to the traditional financial measures. Most companies’ operational and management control systems are built around financial measures and targets, which bear little relation to the company’s progress in achieving long-term strategic objectives. Thus, the emphasis most companies place on short-term financial measures leaves…

For any financial, management or immigration purposes, where you seek business plan development, it is best to hire a professional consulting company that can help you by providing unique solutions to your problems. They can help you transform your business by using several strategies that are tried and tested in the market. 

Businesses need nurturing, time, energy, and planning to develop, grow and prosper. Planning how to present your business ahead of the masses is crucial, and entrepreneurs generally overlook the most important step. Paradigm Business Plans is a company that provides strategic and custom business plan writing services! Whether you are seeking immigration to Canada, a startup, a small company, or a mid-size company, we have a solution for you from a business plan writing perspective. We create a custom business plan based on the customer’s specific idea, business model, and strategy.

Some companies come up with a revolutionary business models that attract huge demands to their services or products. For example, Apple was not the first company that introduced digital music in 2003. Diamond Multimedia introduced the Rio in 1998 and Best Data introduced the Cabo 64 in 2000. What made Apple to succeed in this sector was its innovative business model; make downloading digital music easy and convenient. Before we get into innovative business model to address permanent shifts in their market landscape, we need to understand the definition of the business model and it’s components. It starts with thinking about…

Drucker explains innovation as the specific function of entrepreneurship. It means by which the entrepreneur either creates new wealth-producing resources or endows existing resources with enhanced potential for creating wealth. There is much confusion about the proper definition of entrepreneurship. It does not refer to an enterprise’s size or age but to a certain kind of activity. At the heart of that activity is innovation: the effort to create purposeful, focused change in an enterprise’s economic or social potential. Most innovations especially the successful ones result from. Conscious, purposeful search for innovation opportunities, which are found only in a few…

In a world where the competition regularly claims to be number one, it’s difficult to differentiate and build your own identity. Difficult, but not impossible. Paradigm Business Plans is a company that provides strategic and custom business plan writing services! Whether you are seeking immigration to Canada, or you are a start-up, a small company, or a mid-size company, we do have a solution for you from a business plan writing perspective.

Most effective leaders are alike in one crucial way: They all have a high degree of what has come to be known as emotional intelligence. It is not IQ and technical skills are irrelevant. They do matter, but mainly as “threshold capabilities”; that is, they are the entry-level requirements for executive positions. Without emotional intelligence, a person can have the best training in the world, an incisive, analytical mind, and an endless supply of smart ideas, but he still won’t make a great leader.

IQ and technical ability are not necessarily important ingredients in strong leadership as emotional intelligence would be missing from the recipe. Technical capability may support one person to manage a process or a task, however, it does not help the person to interact with others and influence them effectively. Thus, the emotional intelligence is “need to have” for a person to be an effective leader; who can implement changes and demonstrate high performance in an organization.

Following the dream to open a small business in Canada will urge one to spend a significant amount of time and effort. If one is ready for such work and embrace the challenges, it may be just as rewarding. Like any other activity starting, there are a lot of unknowns and things to learn. It is imperative to understand all alternatives and prospects in registering and managing a business to avoid costly mistakes and to focus on what is essential. The following points elaborate the core requirements for establishing a business in Canada: Legal Status in Canada – If you wish…

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