Articles
5 Tips for Effective Business Planning
by Muhammad Afiq
5 Tips for Effective Business Planning |
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Clearly define your business idea and be able to succinctly articulate it. Know your mission.
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Examine your motives. Make sure that you have a passion for owning a business and for this particular business.
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Be willing to commit to the hours, discipline, continuous learning and the frustrations of owning your own business.
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Conduct a competitive analysis in your market, including products,
prices, promotions, advertising, distribution, quality, service, and be
aware of the outside influences that affect your business.
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Seek help from other small businesses, vendors, professionals,
government agencies, employees, trade associations and trade shows. Be
alert, ask questions, and visit your local SCORE office.
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Joined APSense since, March 19th, 2008, From Kuala Lumpur, Malaysia.
Created on Mar 24th 2008 06:44. Viewed 257 times.
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