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Strategic Business Planning Process

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Startup Costs and Considerations: List out startup costs and initial operating costs and then calculate the total amount of startup capital that is required before you can open your doors to clients. Make a note of the sources of funding that are available to you and the advantages and disadvantages of each option.

Cover and Table of Contents : Wrap the plan in a binder. On the cover you should give it a title and state clearly who the main contributors are and when it was prepared. Then you can include a contents page that clearly divides the report into sections with page numbers so that interested parties can easily find the information that they are looking for.

Remember to take your lessons seriously and to raise all of your queries so that you can clear out confusions. Stick everything you learn in your mind instead of letting them drift away. And, apply all of those things because they will be rendered useless if you don't put them into action. Online marketing skills are best acquired by developing them on your own intelligently and making them work intentionally. You may not immediately jump into complicated methodologies but everything that you'll learn along the way will be of great use in the future.

Many small businesses take a "fly by the seat of your pants" approach to operating their businesses. For example, let's say that an excellent business opportunity arose for you, an opportunity that would net your business $5,000 over the next 3 months. However, in order to take advantage of this opportunity, you need an initial cash outlay of $1,000. Do you have the resources necessary to take advantage of this opportunity?

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