GOZmosis

I believe that successfully developing a business involves five stages of business planning and development . Stage 1 : Situation Analysis – Where are we now? In this first stage of business planning and development , you determine where the business is currently in terms of finance and general positioning. So, you’ll need to analyze not only the financial position, but also who the business is marketing their services or products to. Are they addressing a market that has a lot of disposable income or no? It gives you an idea of the general position of the business. Stage 2 : Business Objectives – Where do we want to go? Secondly, you have to consider where the business wants to go. These are the objectives, or the goals of the business. This is difficult, because most people will say they don’t know when asked where they see their business in three years time! When you work out whether or not the business owner expects to triple their business or establish one that i...