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SIMPLE BUSINESS GOAL




Meaning of simple busines goal :

A simple business goal can be defined as a clear and achievable target that a business sets to improve performance or growth.     For instance, acquiring 50 new customers within six months or reducing expenses by 15% over the next year.




STRENGTHS OF SIMPLE BUSINESS GOALS


  1. They give a clear direction for the team.

  2. Easy to check progress and success.

  3. Simple goals can boost team spirit.

  4. They are realistic and easy to reach.

  5. They usually have specific deadlines, encouraging responsibility.



WEAKNESSES OF SIMPLE BUSINESS GOALS


  1. They might miss bigger goals and plans.

  2. They may ignore long-term growth.

  3. Important details might be overlooked.

  4. Reaching simple goals can lead to less ambition.

  5. They may not adapt well to changes in the market.



OPPORTUNITIES OF SIMPLE BUSINESS GOAL


  1. Achieving simple goals can lead to immediate positive results.

  2. They help teams concentrate on specific tasks, improving productivity.

  3. Working towards these goals can enhance team members' skills.

  4. Simple goals can foster teamwork and collaboration.

  5. Achievements can boost morale and encourage further efforts.



THREATS OF SIMPLE BUSINESS GOAL


  1. Focusing only on simple goals may lead to missing larger objectives.

  2. Simple goals may become irrelevant if the market shifts suddenly.

  3. Rivals may exploit weaknesses while a business focuses on minor goals.

  4. Spending too much time on simple goals can waste resources.

  5. Relying on easy goals may hinder growth and innovation.



SIMPLE PROCEDURE FOR CREATING A SINGLE BUSINESS PLAN


  1. Write a brief overview of your business, its mission, and objectives.

  2. Describe your business type, products or services, and target market.

  3. Research your industry, competitors, and market trends.

  4. Outline your business structure and management team.

  5. Define how you will promote your products or services and attract customers.

  6. Detail how your business will operate daily, including location, facilities, and equipment.

  7. Include basic financial forecasts, such as sales, expenses, and profit.

  8. Add any additional documents or information that support your plan.



CHECK OTHER RELATED TOPICS HERE


  1. STORE RECORDS

  2. OFFICE EQUIPMENT


  3. ADVERTISING

  4. TRANSPORTATION

  5. COMMUNICATION


  6. OFFICE PROCEDURE




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