What is the latest plan for your business?

Starmix

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Year 2024 almost ends and we have to embrace 2025. We are not so sure of the inflation rate next year, will it be down or up again? While you are still planning to operate your business before the end of 2024, it is expected that you already have plans on how to manage it and the kind of business you will operate per se. For e, the latest plan for my milk tea business is to rent a bigger space from 2 sq m to 3 sq m to provide my staff with extra space. I have to inquire to the finance office as to the rent if increase the space. What about you?
 
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Starmix

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There are many plans that might be decided and applied once having a business. It's good to always prepare business plans.
 

Cam

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I wouldn't say there's much of a plan in place. It's difficult to plan for all of the craziness that has been going on these last few years. There's no telling what this fall will bring as well.
 

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I am thinking to introduce new products to my business. These days I mostly sell merch and I want to introduce a whole new product category
 

Starmix

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I am thinking to introduce new products to my business. These days I mostly sell merch and I want to introduce a whole new product category
Timing is the right thing. Just follow the flow of your business for the mean time while you are still panning.
Exactly I do not want to rush into creating new plans upon new plans and I have not been able to fully execute the previous ones.
Create only a new plan if see your busines stable. It might complicate to your first business. Planning well is the best option to prosper the business.
 

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My plan for my offline business is to have another branch next year and for my online business, I need to find a good partner to help me because I am working.
 
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