Better Business for the Buck
| 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 and put it in writing.
- Examine your motives. Make sure that you have a passion for owning a business, and for this particular business.
- Be willing to commit to the hours, discipline, ongoing learning and the frustrations of owning your own business.
- 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.
- Seek help from other small businesses, vendors, professionals, government agencies, employees, trade associations and trade shows. Be alert, ask questions, and visit your local Chamber of Commerce, Economic Development and SCORE office.
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This entry was posted
on Thursday, December 9th, 2010 at 7:04 am and is filed under BUSINESS ADVICE FROM BOOKKEEPERS-PLUS, Business DOs & DONTs, Business Tips Of The Day.
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