Business- THE CHIEF STRATEGIST WAY!
Last week we focused on income and expenses projection in business plan and said there was need to strike a balance in both.
I promised to share with you on how this balance can be achieved. So here is it.
To achieve a balanced projection it is important that you engage a research process. This you do, by analyzing your market and industry. Don’t forget that market and industry is two different things and what you’d be analyzing and measuring will be different.
With that said, begin with your market and industry analysis and what you’d expect to be able to develop as sales.
Then proceed to review what you’d reasonably expect to generate from your initial advertising. Don’t forget to ask questions from other entrepreneurs when making these projections about how their businesses budded and then leverage this information and experiences by factoring it into your sales estimate.
Checking in for a strategy presentation at Proverbs 24:3-4 session THE CHIEF STRATEGIST said:
” Through wisdom a house(business) is built, And by understanding it is established; By knowledge the rooms are filled with all precious and pleasant riches.
The key take away in striking a balance between your income and expenses projection in your business plan is RESEARCH. Do your Research!
I’d see you next week BHG.
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People | Insurance | Sustainable Value
Rewarding Q2, 2016 it is still.
Have a Significant Week. Good morning!