Business Planning for 2011

by Dragan

Business planning is a process that leads to illuminate the road that you want to walk in the next period of your entrepreneurial journey.

The business plan is something that will give you the opportunity to monitor your achievements and of course, to improve all your past failures.

In this post, I would like to present questions that you must answer in order to prepare your business plan for the next year.

Business Planning for 2011

What are the short-term goals of your company?
What are long-term goals of your company?
What are your personal goals for 2011?
What business model you will use in 2011? Is it the same as last year, or you will make some improvements?
Why exactly your products or services will be better than competitors products or services?
How your company can help to the community where it operates?
Where your customers will buy your products or services?
How much they are willing to pay for your products or services?
What are the most powerful competitors for your company?
What value to your customers provides your products or services?
How can you improve your business idea?
What are the target customers for your company?
What is the age of those targeted customers?
What is the sex of your targeted customers?
What are the needs of your targeted customers?
What is their financial status?
How can you reach your targeted customers?
What slogan you will use to attract these customers?
What type of finance strategies for your business you will use in 2011?
What, and how much will be the cost to run your business?
How much monthly budget will have your business and for what will be spending that budget?
What will be the cash flow in your business for the 2011?

These are the fundamental questions that will need to be answered in your business plan for 2011. Everything further that you think you should answer in your plan do not hesitate to answer. Each business is different, and so the answers will be different for proper business plan.