About Strategic planning
Too many people think strategic planning is something meant only for big business, but it is equally applicable to small business. If you want to know your earning potential, how to do a business plan, and what you need to plan for a successful business, this seminar can help.
Strategic Planning definition
Strategic planning is matching the strengths of your business to available opportunities. To do this effectively, you need to collect, screen, and analyze information about the business environment. You also need to have a clear understanding of your business – its strengths and weaknesses – and develop a clear mission, goals, and objectives. Acquiring this understanding often involves more work than expected. You must realistically assess the business you are convinced you know well.
Define your customers’ unique concerns and motivations on trust, then develop and publish guidelines that protect your customers’ information and privacy.
From Strategic Planning to Strategic management
In addition, strategic planning has become more important to business managers. Because technology and competition have made the business environment less stable and less predictable. If you are to survive and prosper, you should take the time to identify the niches in which you are most likely to succeed, and to identify the resource demands that must be met. Source: Small Business Association.
In any business, you need to have the following characteristics:
- Work Ethic
Skills you will need
You will also need skills. You will want to build up a good relationship with someone and provide him or her something valuable. For this to become a reality, you need to have the ability to manage yourself, your interpersonal skills, and apply your knowledge of technical/product related information.
- 85% of Success in Business is based on Interpersonal Skills
- 15% on technical skills
Rules to succeed in Business
The following are rules to live by if you want to succeed in Business.
It is not how much you know about your product, rather how people perceived you.
- Your service and products must be more valuable rather that most familiar.y
- Selling is a service, not a contest.
- Selling is helping, not persuading.
- The buyer loves to buy, not “be sold.”
- Buyers want someone they can trust.
- Follow-up is number one, not the close.
- Great Business people truly care and do not manipulate.
- It should work many times, not just once, to be effective.
- Be “we” oriented, not “me” oriented.