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SET THE CONTEXT
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MARKET ANALYSIS AND BUSINESS POSITIONING
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DEVELOP YOUR SALES FORECAST
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DEVELOP YOUR OPERATIONAL AND COST PLAN
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DEVELOP YOUR CASH FLOW PROJECTIONS
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DETERMINE YOUR FINANCING STRATEGY
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INTERPRETING THE INCOME STATEMENT
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INTERPRETING THE BALANCE SHEET
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INTERPRETING THE CASH FLOW STATEMENT
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CONCLUSION
Vision
A vision is a statement of where your company wants to be in the future.
Sample visions include:
You need a vision for the following reasons:
- It gives direction for the future of your business
- It helps define the values of the company and its employees
- It helps motivate and empower employees
- It sets the foundation for your Business Plan
- It helps create a unique selling proposition
In order to identify a shared vision, you need to work with your team to:
- Identify core values
- Define the future
- Indicate challenges and rewards
To articulate and communicate your vision, follow these steps:
- See things in the long-term, 3-5 years in the future
- Dream big and focus on success
- Use the present tense
- Use clear, concise language
- Infuse your vision statement with passion and emotion
- Paint a graphic mental picture of the business you want
- Have a plan to communicate your vision statement to your employees
- Be prepared to commit time and resources to the vision you establish
Next
Strategic Goals