Objective Of A Business Plan

Objective Of A Business Plan-11
As a senior management consultant and owner, he used his technical expertise to conduct an analysis of a company's operational, financial and business management issues.James has been writing business and finance related topics for work.chron, bizfluent.com, smallbusiness.and e-commerce websites since 2007.

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The objective must specify a quantifiable result and who is responsible.

It's not enough to set a general goal to increase sales; an effective objective must say something like, "increase sales by 5 percent within the next six months."A specific objective should meet the following criteria: Besides being specific, an objective must have a way to track measurable results.

He graduated from Georgia Tech with a Bachelor of Mechanical Engineering and received an MBA from Columbia University.

Providing an overview of your business can be tricky, especially when you're still in the planning stages.

You will of course need a certain quantity of bikes to service demand, but you will not need a number of different types of bikes.

You need a retail location, furnished to meet the demands of your business.

So you'll need a physical location, bikes, racks and tools and supporting equipment, and other brick-and-mortar related items.

You'll need employees with a very particular set of skills to serve those customers, and you'll need an operating plan to guide your everyday activities.

A well-constructed marketing plan that follows these guidelines will have a much better chance for success.

James Woodruff has been a management consultant to more than 1,000 small businesses.

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