BUSINESS ANALYSIS
(Step 1: Business Concept)
Set clear business goals of what you are aiming at in your new business.
By doing this you will put psychological pressure on yourself and will probably perform better.
The aims have to be very precise so you are able to measure them.
Clear business goals could be:
Within 12 months six major customers will deliver 60% of the turnover
At least one new product has to be developed each year
I will close down the business if it has not reached 70% of anticipated profit within 12 months
The gross profit will have to be at least 55 %
After eight months I will have paid back the loan to cousin Giang
Set clear business goals of what you are aiming at in your new business.
By doing this you will put psychological pressure on yourself and will probably perform better.
The aims have to be very precise so you are able to measure them.
Clear business goals could be:
Within 12 months six major customers will deliver 60% of the turnover
At least one new product has to be developed each year
I will close down the business if it has not reached 70% of anticipated profit within 12 months
The gross profit will have to be at least 55 %
After eight months I will have paid back the loan to cousin Giang
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