What Is Your Business Strategy?

 


Visitors: 311

Unfortunately too many small businesses never think about strategic panning, just getting through today seems to be the goal. There are times when this is the right thing to do, but if you never take time out to manage where your business is going, and how you will take it forward; you will always follow the competition.

In many cases, businesses know where they want to go, but just don’t know how to get there and so avoid making a deliberate strategic plan. There is a government fact that 4 out if 5 businesses do not survive past the 5 year mark, unfortunately the reality is, that most business owners so not envisage how hard it is to run a profitable business, and therefore only the most dedicated and best run survive.

This can be good news for you though, look at the businesses that have survived past 5 years and discover what their strategies are. Businesses over 5 years have had time to make their mistakes and refine their operations. By doing this you can cut down on your mistakes that equal time and money and focus on doing things right first time. How do they market? How good is their customer service? What image do they portray? These are examples of what strategies you can borrow.

There is one more step though, why not focus some time on the businesses that also failed. Find out what their strategies were and see if anything relates to your business and of course avoid these like the plague.

It is true that some businesses are started on the basis of being different to everyone else. These enterprises need more thought and input at the early stages and even if the way you do things were different the outcome would probably be the same. To keep your customers so happy that they came back to you, time and time again.

Mark is webmaster for Strategic Planning and Business Adviser Yorkshire also Business Seminar

(340)

Article Source:


 
Rate this Article: 
 
The Role of the Business Model and Strategy for Business
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

Internet Business Success - Your Systematic Strategy To Starting A Killer ..

by: Fabian Tan (March 31, 2008) 
(Internet and Businesses Online)

Small Business Marketing – 6 Ways You Can Use Telemarketing as Part of Your ..

by: Keith Longmire (February 08, 2007) 
(Business)

Business Planning Strategy: How Can You Use Numbers To Aid Your Business ..

by: Adrian Pepper (September 25, 2006) 
(Business)

Business Mastermind Groups, the Forgotten Powerful Business Strategy

by: Alex Cheong (May 14, 2006) 
(Business/Strategic Planning)

Business Success Strategy: Get Ready to Edit Your Business into a Best-seller

by: Rosey Dow (April 24, 2010) 
(Business/Solo Professionals)

Dish Network - Business Strategy Principles for your Home Business

by: Nick Smith (March 11, 2005) 
(Home Based Business)

Internet Business Strategy – How to Form a Profitable Business Online

by: Sean Ray (January 23, 2007) 
(Internet and Businesses Online)

Why a Business to Business Marketing Strategy for Small Businesses?

by: Le Doc (May 04, 2007) 
(Business)

Business Loans - Incorporate Them In Your Business Strategy

by: Angelo Drew (March 19, 2007) 
(Finance)

The Role of the Business Model and Strategy for Business

by: Jeff Schein (April 28, 2005) 
(Business/Small Business)