HOW TO CREATE A BREAKEVEN BUSINESS PROPOSAL | EASY STEPS

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Business Proposal Made Easy:  A user-friendly process for creating and submitting business proposals that saves you time and effort. Creating a breakeven business proposal involves thorough research, analysis, and planning. Here's a step-by-step guide to help you craft one for a successful business: 1. Understand Your Business Concept : Clearly define your business idea, including the product or service you'll offer, target market, and unique selling proposition (USP). 2. Market Research : Conduct comprehensive market research to understand the demand for your product or service, competitors, pricing strategies, and consumer behavior. Identify potential challenges and opportunities in the market. 3. Cost Identification : List all the costs associated with starting and operating your business. This includes initial setup costs (such as equipment, inventory, and legal fees), ongoing operational expenses (such as rent, utilities, salaries, and marketing), and variable costs

STRATEGIC THINKING SKILLS TO MASTER FOR CARER AND BUSINESS SUCCESS

 

Dear reader,

Good to have you this week for our strategic thinking session.

This week, we'll be learning/discussing strategic thinking skills. 

Ideologically, if you want to succeed and leave your competitors behind, you need strategic thinking skills.  



Strategic thinking skills are any skills that enable you to use critical thinking to solve complex problems and plan for the future. These skills are essential to accomplish business objectives, overcome obstacles, and address challenges.

Strategic thinking skills include:

  • Analytical skills: examples of analytical skills are- research, forecasting, problem-solving, data mining, data and metrics interpreting, and reporting.
  • Communication skills: Active listening, friendliness, confidence, giving and receiving feedback, adapting your communication style to your audience, unambiguity, empathy, mutual respect 
  • Problem-solving skills: Research skills, technical knowledge, interpersonal 
  • Planning and management skills: 

Interpersonal, communication and motivation, organization and delegation, planning and strategic thinking, problem-solving and decision-making, commercial awareness, mentoring etc.

HOW TO IMPROVE YOUR STRATEGIC THINKING SKILLS

  1. Ask Strategic Questions

If you want to improve your strategic thinking skills, one of the simplest things you can do is ask more strategic questions. 

Some examples of strategic questions you might ask include:

How can we strategically position ourselves to enter a new market?

What is the direction for growth for each of our products or services?

Where will the organization's growth come from in the next five years, and how does it compare with where business growth has historically come?

How should the organization respond to the threat presented by potentially disruptive competitors?

2.    Observe and Reflect

In addition to asking strategic questions, you need to answer and address them skillfully.

3.    Consider Opposing Ideas

Once you have landed on a strategy that could help your organization reach its goals, question your assumptions, and put your hypothesis through rigorous testing.

4.    Embrace Formal Training

By practicing the methods described above, you can improve your strategic thinking skills at your own pace. However, there are other learning options you can pursue.    

REMEMBER: 

Strategic planning is not strategic thinking.

If you think you can't, you're right. - Carol Bartz

If you're going to be thinking anyway, think big -Donald Trump

Until we come your way again with our subsequent publication, think strategically, be an achiever, stay healthier and stay productive!

 Also Read: BUSINESS ATTITUDE: The Right Attitude Required for Successful Business

Feel free to reach us for a free consultation, training and materials via our social handles, email and phone numbers.

Self training Manual here : 

 This article is written- by Kingsley Ehimare (Kingsmond).

This intellectual property belongs to KCmond Consulting.  No part of it is expected to copy or publish without the sole permission. 

 

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