RESEARCH TRIANGLE PARK, N.C. (MainStreet) -- When striving for success, it is necessary to know precisely what you want to achieve so you know where to aim your efforts. If there aren't specific, measurable goals, how can you know you're moving toward them?
When planning for success, and particularly success in business, it's important that everything be completely thought through before spending time and money. Plans should be grounded in real information and not based on how you want them to work. When planning for business success, think about the following:
The cost of not having a well-thought out and validated plan may be much more than you can afford.
You'll need to have a realistic assessment of the time and costs to achieve sustained levels of customer sales and collection of cash. At the most basic level this means determining the price of your product or service (what the customer is willing to pay, not what you want to charge), the quantity of product or service you will produce and the cost of input, including labor and payroll taxes, materials to create and deliver (if necessary), equipment (including office space and supplies), operational costs as well as marketing and sales figures.
...
Comments