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by Kellie D'Andrea
Many business owners are setting out to complete their business plans to prepare them for the upcoming year and for future success. The planning process is such a critical component in business, I am amazed at how many business owners do not take the time to not only think about their business, but to put pen to paper and develop a solid business plan.
A successful strategic plan needs to address the following areas:
Brand People Strategies Actions Results
Putting together a strategic plan is very similar to setting your personal goals for the upcoming year. So if everyone is planning why do most business owners fail at meeting their goals?
Today, I am going to focus on your brand.
Your brand is represented by the emotional connection you have made with your customer and the perception they have of your business in their minds and is the strongest asset any business can own. Successful brands have a strong brand promise and have built customer loyalty by managing their brand. .
In today’s struggling economy, many businesses are being tested for their creativity and their endurance. Some will suffer or even go out of business while others will rise to the occasion and become smarter, leaner and more adaptive.
Which one are you?
About the author