SCORE Counselor Bob Paul teaches a practical approach to business planning. Here’s his take on strategic plans for an existing business. He assumes you’ve got a business plan laying around somewhere that you’d like to dust off and put into action.
1) Reaffirm Your Mission, Vision, Values – “Choose the mountain you wish to climb,” Bob says.
2) Review and Update Your SWOT analysis - Define your products and your target customers. Analyze your internal strengths and weaknesses of your business, as well as the external opportunities and threats that you see when you review the economic climate, the industry and your key competitors. more…
A mentor can help you look past the trees to see the bigger picture & how the broader landscape may give you insights into creating your success.
If finances are on your mind, check out this free download, by SCORE and Visa: Financial Management Workbook.
If you’re making a new year’s resolution, then focus on getting a great mentor. SCORE offers mentors to help you with cash management, setting sales goals, pricing strategy and more.
Be positive. Be realistic. And, surround yourself with trusted advisors.
You can Ask SCORE online today.