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Business planning

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Business planning

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  1. Business Planning Build a successful path for your business

  2. What is a business plan Business plan is a guide that explains, how the business should run to achieve the fixed goals. Planning is very important to succeed in a business. Because you can easily track the investments, profit and loss through a proper business plan. Most of the businesses end up in closures, due to lack of planning. The many business owners and entrepreneurs struggle when and where to invest. Whether it is a small or a large scale business, having a proper plan, mission, vision and goal will definitely help you to succeed in the business. • • • • • • 2

  3. Common problems faced by a business Uncertainty about the future Financial management Monitoring performance Regulation and compliance Competencies and recruiting the right talent Technology Exploding data Customer service Maintaining reputation Knowing when to embrace change • • • • • • • • • • 3

  4. Planning your business Business planning can be done in several ways. You can plan your own business or you can hire a financial solution provider to plan your business. Most of the people think of business plans only for starting a new business. • • • Who need a business plan Start up businesses Existing businesses • • 4

  5. Planning your business Steps of planning a business Research Determine the purpose of the business Creating a company profile Document all aspects of your business Have a strategic marketing plan in place Make it adaptable based on your audience Explain why you care • • • • • • • 5

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