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STRATEGIC BUSINESS PLANNING
Strategic Business Planning
Strategic business planning is basically a way of enabling and ensuring the development as well as the growth of the business through the creation of a realistic vision for the future. This planning is the foundation of the success of any business in the time to come. A strategic business plan is a lot more than a tool for the purpose of obtaining financing. Thus, it becomes extremely important to formulate an effective strategic plan. It is exactly at this point in time where we help business owners of Florida in creating a very good and effective strategic business plan.
The strategic business plan created by the expert team of Hammer Navarro CPA plays a vital role in the clarification of the direction of the business. We have a team of experts who are adequately trained and vastly experienced who creates such plans which are easy to implement and at the same time bring about desirable results within a stipulated frame of time. It is to be kept in mind that an appropriate strategic business planning makes sure that all the key leaders of your business are necessarily on the same page and in an addition to this the plan keeps both the management as well as the staff focused on their duties.
When is the plan needed?
Many times, it becomes quite a difficult task for the business owners of Florida to understand exactly when strategic business planning is needed. In this situation, we at HNT, PA we extend our support to the business owners in helping them to understand when exactly strategic business planning is needed. Here we have mentioned a few important situations where strategic business planning would help.
- Beginning of a new product, service, or a venture
- Purchasing a new business, service, or a product
- Expansion of the present business, products, or services
- Turning around a business that is declining.
Our professional team formulates a strategic business plan which typically provides a blueprint that describes your business, the products & services offered, the team of management, the competitive environment, the financial health of the business, and the risks associated with the business.
How strategic business planning help?
At HNT, PA, we have a team of experienced professionals with the expertise to provide efficient and effective strategic business planning for business owners in South Florida. Our strategic business planning offers numerous benefits:
- Identification of target customers, products, or services, and their features and benefits through detailed research.
- Development of credible marketing plans that include targeted promotions, campaigns, and timelines of implementation. The plan also examines market conditions, competitors, and potential sales.
- Creation of staffing plans that identify key players, skills, attitudes, and expertise required to build up the venture.
- Devising financial planning that includes startup costs, operation costs, profits, revenues, and break-even analysis for the first three to five years. This allows for the prediction of potential problems and solutions to overcome them.
- Identification of equipment and building needs, including cost estimates and vendors.
- Formulation of milestones and timelines for upcoming products or services.
Strategic business planning is essential for business owners in Florida, and we at HNT, PA, are ready to help you with the formulation of effective strategic plans. Contact us today at one of our CPA offices in Plantation or Coral Springs, serving Broward County and Miami Dade to learn more.
Hammer Navarro Tanoli and Associates, PA
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