Developing a persuasive business case for a project or idea is essential for garnering support and resources. A strong business case serves multiple purposes, including demonstrating the need for the project, showcasing potential benefits and ROI, presenting a clear plan for implementation, and providing a basis for decision-making and resource allocation. In this article, we will discuss tips and strategies for mastering the art of financial decision-making and achieving long-term success.
Creating a Winning Business Case
A winning business case consists of several crucial components, including an executive summary, problem statement, proposed solution, benefits and ROI, risks and mitigation strategies, implementation plan, and financial analysis. Business strategy templates can streamline the creation of a professional and structured business case. A persuasive narrative is at the heart of a successful business case, which includes a strong opening, clear articulation of the problem and proposed solution, highlighting potential benefits and ROI, addressing potential risks and challenges, and concluding with a call to action.
Alternative Investments for Retirement Accounts
Yieldstreet and Equity Trust have announced a strategic partnership to make it easier to add alternative investments to retirement accounts. Equity Trust clients can invest directly in private market alternatives from Yieldstreet through a new platform called WealthBridge. WealthBridge securely links Equity Trust accounts to Yieldstreet, allowing clients to add alternatives to their retirement accounts in just a few clicks. Yieldstreet offers a wide range of alternative asset classes including real estate, private credit, legal finance, and more. Equity Trust investors will have access to Yieldstreet’s robust sponsor-managed fund strategies from some of the top investment managers in the world.
Hamilton Parks Master Plan
The Hamilton Parks Master Plan guides the long-term planning of new parks and the expansion and improved access to existing parks across the city. It helps municipalities plan for and provide parks for residents and aids in decision-making and prioritizing investment in parkland across the city. The Master Plan focuses on existing parkland, potential candidates for future parkland, future growth areas, and public open spaces not owned by the City. The Plan is developed with the help of Hamilton residents, user groups, and other key stakeholders to develop a shared vision for the future provision of parkland in Hamilton.
Developing Good Judgment as a Manager
Good judgment is a core function of a manager, but there is no clear framework for learning good judgment or recognizing it in others. Six components contribute to good judgment: learning, trust, experience, detachment, options, and delivery. Leaders with good judgment tend to be good listeners and readers, have a breadth of experiences and relationships, can recognize their own emotions and biases, are adept at expanding the array of choices under consideration, and remain grounded in the real world. Good judgment requires turning knowledge into understanding, and leaders should listen attentively and read critically to improve their judgment.