Decking Market 2020-2024: COVID-19 Business Continuity Plan | Evolving Opportunities With Advantage Trim & Lumber Co. and Beologic

The global decking market is expected to grow by USD 4.89 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 6%.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201006005811/en/

Technavio has announced its latest market research report titled Global Decking Market 2020-2024 (Graphic: Business Wire).

Request challenges and opportunities that influence COVID-19 pandemic – Request Free Sample Report on COVID-19 Impacts

Read the 120-page report with TOC on “Decking Market Analysis Report by Product (Composite, Wood, Plastic, and Aluminum), Geography (North America, Europe, APAC, South America, and MEA), Application (Residential and Non-residential), and the Segment Forecasts, 2020-2024”.

https://www.technavio.com/report/decking-market-industry-analysis

The market is driven

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How to Write a Business Plan [Updated for 2020]

how to write a business planWriting a business plan shouldn’t be complicated. In this step-by-step guide, I’ll show you how to quickly and easily write a business plan that will get the results you want. Don’t worry, you don’t have to have a business or accounting degree to put together a great business plan. This guide will show you how to get your plan done step-by-step without any of the complexity or frustration. 

The six components of a business Plan

Whether you’re building a business plan to raise money and grow your business or just need to figure out if your idea will work, every business plan needs to cover 6 essential topics. Here’s a quick overview of each topic. There are a lot more details and instructions for each step later in this guide. (Click the titles below to immediately jump to each section)

1. Executive summary

The executive summary is an overview of

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Business plan – Wikipedia

A business plan is a formal written document containing business goals, the methods on how these goals can be attained, and the time frame within which these goals need to be achieved. It also describes the nature of the business, background information on the organization, the organization’s financial projections, and the strategies it intends to implement to achieve the stated targets. In its entirety, this document serves as a road map that provides direction to the business.[1]

Written business plans are often required to obtain a bank loan or other kind of financing.

Audience[edit]

Business plans may be internally or externally focused. Externally-focused plans draft goals that are important to outside stakeholders, particularly financial stakeholders. These plans typically have detailed information about the organization or the team making effort to reach its goals. With for-profit entities, external stakeholders include investors and customers,[2] for non-profits, external

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Business Plan Template for Small Businesses and Entrepreneurs: Free Download

free business plan template

Writing a business plan can seem like a big task, especially if you’re starting a business for the first time and don’t have a financial background. Even if you do have some experience, getting a refresher on what a modern business plan looks like is always a good idea.

After all, business plans have changed over the years, and what lenders and investors expect now is different than it was even just 10 years ago.

Ready to get the business plan template? Fill out the form on the right to get started >>>

Start your plan with a modern, professional business plan template

That’s why we’re sharing our investor-approved business plan template.

This template has been used by universities such as Princeton and Babson to teach entrepreneurs how to start businesses. It’s also been used by over 850,000 businesses to write business plans for bank loans, venture capital and angel

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What is a Business Continuity Plan?

What is a business continuity plan?

A business continuity plan (BCP) is a document that outlines how a business will continue operating during an unplanned disruption in service. It’s more comprehensive than a disaster recovery plan and contains contingencies for business processes, assets, human resources and business partners – every aspect of the business that might be affected.

Plans typically contain a checklist that includes supplies and equipment, data backups and backup site locations. Plans can also identify plan administrators and include contact information for emergency responders, key personnel and backup site providers. Plans may provide detailed strategies on how business operations can be maintained for both short-term and long-term outages.

Watch the video

A key component of a business continuity plan (BCP) is a disaster recovery plan that contains strategies for handling IT disruptions to networks, servers, personal computers and mobile devices. The plan should cover how to reestablish

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7 Steps to a Perfectly Written Business Plan


7 min read

Opinions expressed by Entrepreneur contributors are their own.


Every business needs to have a written business plan. Whether it’s to provide direction or attract investors, a business plan is vital for the success for your organization. But, how do you write a business plan?

SBA.gov recommends that a business plan include:

  • Executive summary — a snapshot of your business
  • Company description — describes what you do
  • Market analysis – research on your industry, market and competitors
  • Organization and management — your business and management structure
  • Service or product — the products or services you’re offering
  • Marketing and sales — how you’ll market your business and your sales strategy
  • Funding request — how much money you’ll need for next 3 to 5 years
  • Financial projections — supply information like balance sheets
  • Appendix — an optional section that includes résumés and permits

However, getting started may

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4-Step Action Plan to Strengthen Your Personal Skills

Only by discovering your innate, personal skills and developing and exploiting them to their highest degree can you utilize yourself to get the greatest amount of satisfaction and enjoyment from everything you do. Creating an action plan through personal strategic planning can give you the highest rewards for your efforts and is the starting point in getting the best out of yourself.

Corporate vs. Personal Strategic Planning

When we do strategic planning for corporations, we begin with the premise that the whole purpose of the exercise is to reorganize and reallocate people and resources to increase the rate of return on equity, or capital invested in the business. Invariably, this is done by emphasizing some areas and de-emphasizing others, by allocating more resources to areas with higher potential return and by taking resources away from those areas that represent lower potential returns. By developing or promoting newer and better products

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Create a Personal Business Plan That You’ll Really Use


5 min read

Opinions expressed by Entrepreneur contributors are their own.


Every successful business leader I’ve encountered is in some way a prolific goal setter. For this reason, the single most important piece of advice I give any aspiring entrepreneur or business professional is to figure out exactly what you want, document it on paper and then attack it every day. 

A personal business plan is something that I develop each year to help me put my own advice into action. Creating a plan can clarify your objectives for the coming year but don’t just shove it in drawer. It is something that should become weekly, if not daily, reading material.

Related: Why Business Leaders Must Set a Personal Mission

1. Start with a simple brainstorming list. 

Break down your role in the company into small parts and be sure it’s comprehensive. This could mean taking each

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Choosing a Retirement Plan: Money Purchase Plan

Money purchase plans have required contributions. The employer is required to make a contribution to the plan each year for the plan participants.

With a money purchase plan, the plan states the contribution percentage that is required. For example, let’s say that your money purchase plan has a contribution of 5% of each eligible employee’s pay. You, as the employer, need to make a contribution of 5% of each eligible employee’s pay to their separate account. A participant’s benefit is based on the amount of contributions to their account and the gains or losses associated with the account at the time of retirement.

That type of arrangement is different than a profit-sharing plan. With the profit-sharing plan, you, the employer, can decide that you’ll contribute a certain amount, say $10,000. Then, depending on the plan’s contribution formula, you allocate that $10,000 to the separate accounts of the eligible employees. Also,

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Business Plan Template for a Startup Business

Do you want to increase the odds that your business startup will be a success? Then download this step-by-step business plan template and use it to lay the groundwork for your new business.

Writing a business plan gives you an opportunity to carefully think through every step of starting your company so you can better prepare and handle any challenges.

While a thorough business plan is essential in the financing process, it’s helpful even if you don’t need outside financing.

Creating a business plan can:

  • Help you discover any weaknesses in your business idea so you can address them before you open for business
  • Identify business opportunities you may not have considered and plan how to take advantage of them
  • Analyze the market and competition to strengthen your idea
  • Give you a chance to plan strategies for dealing with potential challenges so they don’t derail your startup
  • Convince potential partners,
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