How to Develop a Business Strategy

How to Develop a Business Strategy

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The fall is right time to start thinking about your business goals and then engage your team in developing a new business strategy. Winging it is NOT a strategy, yet too often business owners venture into new markets without a specific target or value proposition, hoping to come across someone in need of services. If you are looking to identify new business targets, outline a growth plan, determine your product roadmap or plan your funding needs, you will need a clear business strategy. It is one thing to know your business needs, actually developing a strategy is not so easy. This is the first article in a three-part series on building a business strategy.