Published at Wednesday, May 09th, 2018 - 08:01:29 AM. Template. By Erna Vega.
Human resources: Because a business behaves just as people do, your available human resources will determine your ultimate success. For instance, there is no point in having aggressive objectives and strategies if you do not have the right people in place. Any new business plan that ignores this critical aspect will struggle to succeed.
Enables you to review the business as a whole as well as each important segment. Enables you to spot strengths and weaknesses. You can use these to leverage opportunities and far more importantly, decide on how you are going to cope with threats. You can then prepare contingency plans and measures to deal with the situation. Help you to spot the areas that need to be beefed up possibly with the help of outside expert opinion. Provides the basis for taking important long-term decisions such as applying for business loans, recruiting your key people and planning for infrastructure and facilities.
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