When you begin a home business, one of the best ways to ensure you properly strategy for its launch and ongoing operations is to write your own strategic business strategy. A strategic business strategy is composed of four main parts: a organization information, promotion strategy, business framework and the organization financial records. Many sub-categories fall under each main component, but creating your own strategic business strategy walks you through the process of strategically researching and thinking out every aspect of the inner and outer workings of the organization enterprise.
Instructions: 1. Write the organization information. This is a brief, two- to three-sentence information of what kind of economic enterprise you are opening. The organization information contains the products or services the organization offers.
2. Create the promotion strategy. The promotion part of the strategic business strategy is one of the largest sections of the strategy. It talks about the types of customers you're targeting and all of the promotion strategies you will use to reach each of your target markets. The promotion strategy typically contains online and offline promotion strategies, such an introducing a public relations program and using article writing and a blog to drive traffic to your website.
3. Discuss the organization enterprise framework. The business framework part of the strategy contains an explanation of how you will legally framework the organization enterprise (such as corporation, llc, partnerships or sole proprietorship). It also provides an organizational data showing each position you will have. The data shows which positions will be outsourced (if any) and the role each position will play in the organization enterprise. This part of the strategic business strategy also talks about future employee and staffing plans and the organization enterprise location.
4. Compile the organization enterprise financial records. The final part of the organization enterprise identifies all of the costs, costs and project income of the organization enterprise. Gather a list of start-up costs and daily operating costs. This area of the strategy also identifies how you strategy to manage the organization enterprise costs, such as utilizing sales software, operating on a cash or accrual sales basis, and where the money will come from to cover the start-up and ongoing costs of the organization enterprise. You also have to project how much income you expect to make on a monthly, quarterly and annual basis for the first three to five years operating enterprise.