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Strategic Planning Articles |
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Expert Author: Vlad Ehrsam The biggest pitfall in business goal setting involves the perception that just setting a goal is enough. Unfortunately, it is not enough to simply say you have a goal for increased sales. What you really need to do is set specific goals in order to better accomplish goals, and to know when you have actually accomplished them. Expert Author: Rosemary Hossenlopp Create a business mission statement that defines how you serve the customer. You create a business mission statement to describe to yourself what business you are in. You now need to clarify why you made the jump so you can have the talking points for your elevator speech. Expert Author: Rosemary Hossenlopp Get a written business vision! When you write your vision down, you will clarify all other downstream aspects of marketing and operations. When you are clear on your customers, scope of your geographic influence and the product and service…..you are clear on your future. Expert Author: Vlad Ehrsam The business plan is what any sized business uses to steer a course for operation. If you do not have a clear and concise business plan, you have little hope of securing capital from an investor. You may have every aspect of your business plan stored away in your mind, people still prefer to see it for themselves on some paper with maybe a graph or two thrown in for effect. Expert Author: Trina Newby Working Business Plans aren't written to impress, they are written to address the important issues of starting your small business. The Working Business plan is for your planning purposes only and can be expanded later on into a full executive business plan. The following outline will help you in processing your thoughts and writing your Working Business Plan. Expert Author: Peter Wright Almost all successful businesses are good operators. And many executive teams have a reasonably clear vision of the future, and sometimes even a sound strategy to get there. So why is it, by some estimates, that 90 per cent of companies don't execute their strategic plan successfully? Expert Author: Jeff Mowatt When managers plan their business strategies, common sense dictates that these game-plans should be in line with customer needs. The first step in planning is therefore to identify customer preferences. Unfortunately, most conventional approaches to determining customer needs are flawed. Here are five of the most common methods used to gather customer opinions along with their drawbacks. Keep these often-made mistakes in mind when planning your business strategy... Expert Author: Michael Russell Preparing a business plan and setting up a business especially, requires a lot of hard work and long hours so plunge into a business only if you're up to it. There's a vital need to continuously review your business plan as well as reinvest profits into the business. Expert Author: Michael Russell Before you prepare a business plan and start you own business, make sure you have enough money or will be able to raise whatever you need when you need it. However, the money needs for your business is variable and there are many ways you can reduce it. Expert Author: Homer Farey The questions asked by my bank manager when I presented my business plan. Before he turned me down for a loan. Plus what I did to get started. Expert Author: Steve Hanson Why does your cleaning business need a mission statement? A mission statement is an important tool that will capture the spirit of your business and clarifies the goals and objectives of your cleaning company. In just a sentence or two, a mission statement will let your customers know why they should hire your cleaning business to take care of their buildings. Expert Author: Peter Wright How much time should CEO's and other senior executives spend on planning and strategy? Expert Author: Dee Reavis If you don't write a business plan, you have a plan for failure! Give your fledgling business a chance for success by writing a business plan. Expert Author: David Bain Unless you work in a Communist State or in the Public Sector, all businesses are interdependent. What this means is that without other similar businesses around, your business would struggle to exist. Is that a good thing? Expert Author: David Bain Your business has to grow all the time. I'm not talking size. I'm talking capability. Unless your business continually improves its service offering and quality of service all the time, you're going backwards. Expert Author: Ron Strand If you are a business plan writer planning how to start a new business, you have to make some assumptions. For those assumptions to have some credibility, you should be aware of industry metrics. Unless the business you are starting is truly the first of its kind on the planet, you should be able to find some metrics. Expert Author: Timi Ogunjobi Thinking of going into business? A very wise thought, and a certain way of fulfilling your dreams of financial independence - saying goodbye to the tyranny of the poor paypacket, and being shackled to the millstone of time-based toil. However very many dreams are quick to become nightmares . Save yourself the long sleepless nights and read these few lines. Expert Author: Joe Shmoe Have you just been promoted CEO/Director or General Manager? Congratulations and welcome to the world of strategizing! Now you can doze early, wake late, play golf, cancel meetings and go to Bahamas. On company time! Expert Author: Peter Wright In these times of corporate speed, agility, and web-years, why do so many companies insist on creating strategic plans with 5-10 year planning horizons? Expert Author: Masni Rizal Mansor So you've reached that stage where you're ready to get your home business started in every way except one: you need money. Whether it comes from a loan or from investors doesn't really make too much difference, since there's one thing that they all need to see before they'll give you a cent. That thing is your business plan.
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