May 18
Specify the Goals and Mission of Your BusinessYou should first specify the reason that you want to start the business. You should also specify your goals – in the short term and the long term.Set a time limit and define the goals that you will have achieved up to a specific date. An important calculation that you need to make is the date that you foresee your small business breaking even.
Recognize Threats
You should put in writing all possible threats that you feel have the potential to create obstacles in your path to success. Against each threat, you should also specify the action that you feel will eliminate or at least minimize it.
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