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Business Development
Goals, State of the Union
A best practice for getting your mind and your team's mind around the past year and year ahead is to prepare some kind of 'State of the Union' document or presentation. You've come a very long way and that should be celebrated. You've learned a great deal and that needs to be acknowledged. There are new goals, missions and big plans for the year ahead. Those should be expressed and if you have other's on your team, they should be involved in the process of setting those shared goals. Creating some kind of share-out provides transparency, trust and also will help your advisors provide strategy
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TASKS CARDS
Do First
You should complete the following tasks before proceeding to the current one.
Update Business Financial Projections
After several accounting consults you may have a reasonable financial model in place. Based on all you've learned and discovered it is important to revisit your projections.To help prepare for almost any situation, you can make three versions. Make an optimistic version � that is if everything goes as planned. Make a realistic version assuming some delays and setbacks. Just make sure you understand what it is that is creating the setbacks so you can model them. Finally you can make a very pessimistic projection that details a very rough start. Most likely, reality will be somewhere in between all of these, but this exercise can help you not fear the unknown and prepare for any situation.Even wild success and growth can have challenging consequences so you want to be prepared for that as well.
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Small Business Marketing 101: Using Email, Social, Video and More
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Don't stop now! Just pick the very next stage-card that resonates with your business and continue working on the correspondent tasks.
