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Business planning success

What does business success mean to you? Is it about lucrative financial gains, or about building something you can one day pass on to your children? Perhaps it's about making a difference in your community, or creating the very best product or service on the market. Maybe success simply means making a living doing something you love to do.

Most likely, you quantify success in many ways. It might not be difficult to envision what you want from your business, but figuring out how to achieve it might be. There are many tried-and-true steps you can take — and some missteps you should avoid — on your path to prosperity.

The key to success is having a business plan in place. Whether you're about to launch a start-up or you've been in business for years, the direction of your business is guided by your business plan. To begin the planning process, you'll need to do some critical analysis; business planning is about realistically forecasting where your business is going.


What do you hope to achieve in business? Your goals are the guideposts of your business, and an essential part of your business plan.

Products and Services

You are what you sell. How you handle your products, services and supplies will help you make your plans a reality.


Developing your market is key to your business plan. A steady flow of customers will turn your great ideas into a profitable venture.


Employees can be a great asset, or an unfortunate liability. Your hiring practices should reflect your business plan, so that you set yourself up for good quality, productivity, and service.


Does your competition keep you awake at night? Make their existence a source of knowledge and opportunity, not a source of stress.

Business Culture

Beyond enjoying your products or services, why do your customers want to do business with you? Consider corporate citizenship as a vital element of your business plan.

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