Strategic plans in business

Starmix

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In the world of wildest dreams where one desires to uplift his finances come to his logistic and logical mind what makes his life to possibly live in prosperity. he might think or feels jealous. Why are there billionaires and millionaires? Why are there rich and he is not? If that is the scenario of his imagination, his mind might direct him to a possible way to improve his living condition. It is not possible to start from rags to riches. there are so many in the world who became wealthy like the owner of SM Philippines, Henry Sy. He was once a small, poor boy selling slippers on a sidewalk, and see, he is the owner of all SMs in my country of birth . His children also followed in his footsteps. I dislike people saying they no longer have a chance to uplift their lives from poverty to prosperity. Where there is life, there is hope. While it is true that there is no guarantee in business, there is also no guarantee in a job. But how much more if you do not have work?

The best way is to think smart. Do strategic planning on how to make life better. A business plan is for all who like to venture into business. It is one way to assess the possible business you would want to operate in the near future or instantly for those who have all the time capita to start an instant business, Regardless, it is still wrong to act instantly, and act done in haste may resort to a sudden failure. It would help you establish future goals and targets and don't forget to describe the strategies and implement how are you going to reach them. In other words, a strategic plan describes a current business or specific view of your project you consider a good business to start with the aid of your strategic planning.

Strategic planning could be done before operating your business or the time you already operate your business. This way would lead you to focus on your efforts and ensure that everyone in the business cooperates with you. There are 3 types of strategic planning you may want to know and these are strategic, tactical, and operational. Operational plans led to the achievement of your tactical plans, which in turn led to the attainment of your strategic plans. What can you say about strategic planning? Are you planning to operate a business big or small? Despite business being small. there is also a need to make them grow by preparing the best strategic planning. That is the ultimate way to attain success in business.
 
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Carson20t

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If most of us the start-up entreprenuers would start to implement this then we would really be acheiving so much in our businesses.Planning is very key and will help you escalate as an entreprenuer.You are able to timely detect what areas of your business you need to give attention and what measures needed to be implemented.
 

Suba

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Business starts with an idea that is outlined in a plan, including a strategic plan in business which is the process of recording or documenting, and determines the direction and goals of the business. So you need to make a mission, set business goals, and make a work plan.
 

Starmix

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All of your opinions guys are superb in relation to strategic planning. If a businessman failed to do this, I am very sure all businessmen are doing this, if not there is a sure problem that comes along. It is better to prepare a strategy.
 

Shavkat

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I agree to what you mentioned here. There are so many ways or tools, such as SWOT analysis, Decision Tree Analysis, etc. Although it varies when it comes to certain situations.
 

Starmix

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I agree to what you mentioned here. There are so many ways or tools, such as SWOT analysis, Decision Tree Analysis, etc. Although it varies when it comes to certain situations.
I agree with you it varies in a location and nature of business, but it's good to have a strategic planning.
 

Starmix

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It is very good to have a strategic plan for a business because a business without a plan will definitely not succeed.
That's so right, a business without a plan will never grow. The owner failed because he failed his plan.
 
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hastral45

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A Ning takes major role in human life. Before you embark on any activities, you have got to have decided how you are going to execute it. He who fails to plan is automatically failing to plan.
 

Chibson

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Business needs strategic planning to be able to grow. If you cannot do it yourself then it wouldn't be a bad idea to bring In an expert' to help
Bringing in experts is very important in any business venture. you need to identify areas you do not have much knowledge on and employ those who can do it.
 

SHAHID987

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Strategic plan bears it's own importance, when we are investing in business a lot of money then there is no reason left to avoid such kind of plan it is so obvious that sometime we can not make it so we can hire some expert to do it for our business.
 
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