Consider these points while making your business strategies or business plan for 2014. More about new business ideas for 2014.
Prepare a list about high impact subjects that affect your business. That could be products line, marketing strategies, customers, product innovations,
Helpful tips for business plan 2014
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| business plan ideas 2014 |
1. Financial planning 2014
- Prepare strong financial planning.
- Manage tight budget outflow, find out reliable source of cash inflow.
- Manage strong and reliable source of cash flow.
2. Human resource planning 2014
Your success highly depends on your employee’s behavior and productivity.
Try to build more strong and dedicated work force,
- Apply motivation techniques.
- Share something from last year.
- Increase staff's work-level
3. Your own managerial skill planning 2014
Expand your knowledge horizon. This is recommended suggestion for every business owners.
- Increase your level of skill (e.g. marketing skill, computer skills, communication skills, overall managerial skills.
- Take executive training and classes
- Read more business and economic books.
4. Product line planning 2014
- Make a list: subject how you can bring positive difference.
- Positive changes mean positive impact on market.
- Increasing satisfactions level of your customer.
- More quality product.
- Low price level.
5. Cost planning 2014
Think more about cost minimization
Following tips will help you to achieve this goal.
- Make proper working plan.
- Capital budgeting.
- Stock/material planning.
- Advertisement planning.
- Human resource planning.
6. Market research and analysis 2014
Do more research and analysis.
From your own experience now, you can see clear differences between your assumptions and market reality. Now based on that knowledge it is right time to do more research.
tips:
- Find out new and cheapest source of your raw materials.
- Find out new way of distribution channels.
- Do new style of business agreement.
- Do in-depth analysis of your competitors strategies and bring your new strategies.
- Be more clear and accurate.
Do not waste your time and resources prepare great plan.
Disclaimer: above points are suitable for existing businesses. If you are going to establish new business then you have to prepare more list and have to do new business plan.
