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Good business strategy.



New Member
In business, every company needs some strategy, and in the business world, the academic merit of strategy alone cannot take you to the strongest position from the beginning. I believe that every organization needs strategic goals in a few key areas of their business if they want to be successful and grow.

- Partnering
- Business plan
- Serviceable Improvements
- Technology & Information Management
- Customer communication


Every business idea about partners will be different but for mutual benefit, you need to have strategies to explore, develop, and nurture these relationships.

Business plan:
You need a destination and you need a strategy to get there. A business plan helps the business owner to understand and understand the issues. Knowing the competition is an important element of a business plan." To compete, you must understand what the competition is doing.

Serviceable Improvements:
Business processes need to improve business. For single person consultation, this means lead generation or follow-up can be improved. For a manufacturing business, it has to do with efficiency or supply chain. A good strategy for serviceable improvement may include regular process review, intelligent way of improvement, outsourcing.

Technology & Information Management:

It's like a nightmare to think about the business sector without relying too much on information systems and technology. A technology and information management strategy should be considered as technology, systems, and data are required to run a business performance.

Customer communication:
Customer strategy should include a sales funnel to convert who your customers are, where and how you are likely to find them, what problems your business solves for them, what kind of marketing response they show, their potential conversions to sales communication with customers needs to be built up for sale. Initial communication should go beyond what is to be done. For example, in solving a customer's problem, service consultants ask the customer what he wants to achieve with his business, so that he is relying on the business.


New Member
This is very useful. Thanks for sharing this.


New Member
just wanted to add: in business you have to take risks sometimes and when you don't do that and just stay in your comfort zone you'll achive nothing!


New Member
I will point out that a well-designed business plan is needed not only to attract investors, but also to develop your own strategy. I mean that by analyzing your capabilities and your desires well, you can come up with what you need to do in order to succeed in the future. Even if you are a very small business!
Charles Lee

Charles Lee

New Member
In business, sometimes you have to take risks. If we stay in our comfort zone and don't take risks, we can't achieve anything meaningful.


Good info here, thanks! After reading this article and considering all possible ways, I decided to set up sole trader company. It seems to be a perfect option for me.
But after the registration of the business, I'll face many challenges, and I understand that I need to gain new knowledge and skills. It is always great to learn from the experiences of others, so I appreciate your help.