Determining the goals and objectives is necessary for building a result-oriented business plan. Think about the goals you want to achieve in your near future. What new avenues you are eager to explore and why? By determining your objectives you will be pumped to move forward in your business because you will know where you are headed to.
Think over at the certain notes
• Am I ready to invest money and time?• What if this venture doesn’t work? What is plan B?
• In case you succeed how much revenue approximately you are going to get annually?
• Think about its market share
• Decide if it is going to be niche marketer or it will open and broad?
• Consider the geographic expansion in terms of being at local level or global?
• How you are going to handle
• Consider how you are going to give directions to your employees?
Determining your financial goals
It has to be a matter of horse sense that for starting a business you need to have some money, it can only happen in utopia where one can start business without investing money. So start thinking about your financial goals as what kind of financing you will need. You have to keep in mind the cost by measuring the interest rates more ever keep in mind the shares of ownership.Determine your financial goals by considering the following
• Determine the initial investment• How much your investors will claim the responsibilities?
• When will you get the profit?
• How much time you will invest?
• What is the expected profit distribution which you will take home? Edit Post
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Business