Have you ever thought about starting your own business planning 2020? The end of the year is the perfect time for corporations to review their goals and set new objectives for the coming year.
This way, companies can grow in an organized manner and achieve their goals effectively. However, there are some managers who have doubts about how to make a plan that works for the next year.
So, we created this article with 5 tips to help you put together your business plan for 2020. Check it out!
Read also Customer Marketing – what it is and why you need to think about this strategy
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Create your company's SWOT matrix
This tool makes all the difference in the planning of any corporation. Through it, you are able to have a global vision of all the weaknesses and strengths of your business, so you can identify the main existing problems and plan actions to solve them in the coming year.
Its creation is very simple and can be developed based on the analysis of the following factors:
– Strengths: describe all the positive points of the company, that is, the activities that are well developed, tools, teams, etc.;
– Weaknesses: list the projects that are not producing the expected results and that need changes to be more efficient;
– Threats: analyze possible threats that may arise throughout 2020, such as competitors, manufacturers, legislation, etc.;
– Opportunities: actions or factors that are available on the market and that can be used in favor of your company.
After collecting this data, analyze the information and try to see what actions can be taken to strengthen your company next year.
Remember that throughout 2020, it is important to update and modify what was planned based on what happens!
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Set goals for the coming year
Goals are the key to your company achieving success in the market. They are what will provide a “guide” for your planning and are essential for any company.
Therefore, take advantage of the planning moment to establish short, medium and long-term goals for 2020.
To do this, you can rely on the information acquired with the SWOT matrix, which may reveal the need for goals such as:
– Increase revenue;
– Hire new employees;
– Create new partnerships;
– Increase the company’s customer portfolio;
– Reduce costs.
Ideally, goals should be bold and capable of motivating your team to achieve them.
Remember that:
– Short term = 3 to 6 months;
– Medium term = 1 to 3 years;
– Long term = up to 5 years.
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Create a Marketing Calendar
Another tip to help you with your business planning 2020 is to create a marketing calendar. This way, you will be able to plan your business's promotional actions efficiently and make several sales.
Additionally, you can plan sales with each supplier and ensure stock based on each commemorative date.
It also helps you and your team start planning marketing campaigns and other promotions.
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Try to hire good employees
We all know that the life of an entrepreneur is not easy. After all, it is up to them to make difficult decisions under pressure, analyze financial indicators and still think about customer service and the quality of products/services offered.
Due to this accumulation of responsibilities, it is very important to form teams that are capable of helping you with all the factors required in the life of a company.
With this in mind, know that the planning moment can also be used to check whether your team is in line with the ideal required by the company and, if not, to find more qualified professionals who can give you greater support in achieving your goals.
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Look for events to attend in 2020
Finally, try to put together a plan in which you and your team can participate in events and training throughout the year.
Lectures, webinars and other types of training that bring together experts who can contribute to improving your company's results are essential for your business planning.
At these events, you and your team will learn from the experience of other professionals who stand out in the market and, with this, you will be able to identify and avoid mistakes that may be made during the year.
Now that you've seen How to set up a business plan for 2020, it's time to put it into practice! The sooner you start preparing and creating goals, the greater the chances of your business being successful next year!
1 comment
Viunetane(Tuca) Siqueira Alves
I am an astrologer and tarot reader. I read and publish predictions of Monday, Wednesday and Friday cards. I make monthly chart predictions when the sign changes and also horoscopes. How much do you charge to maintain Facebook and Instagram?
Monthly. I already have a website. I accept suggestions. reverberaastrology and holistic therapies.