HOW TO PLAN YOUR BUSINESS FOR 2024?
Posted: Tue Jan 28, 2025 8:54 am
"This year, thank God.. The increase from last year is more than 300%. God willing, this year it will reach 9-10 million. From the beginning of the business, thousands to tens of thousands a month, until it has managed to reach 7 figures a month, I have used many of the strategies that Sifuwad has given. Just for next year, how do you plan?"
Previously, Sifubad had a site visit for students of the quarterly business review. They asked how to make a plan for next year. There are a few tips that we would like to share..
Table of Contents
1. View all data
2. Analysis of company capabilities..
3. Set target
4. Make a market analysis
5. Decide what growth strategy we want to use?
6. Plan a strategy!
7. Prepare team
1. View all data
You have to look at all the data, including revenue, profit, cash flow, cash reserve, commitment, conversion rate, sales source fraction, budget , etc. No data, no plan! Data cannot lie..
What we need to do is collect all the data related to our business.
This data can come from various sources.
Some come from daily sales, some come from financial reports, and some come from customer data.
So, open your computer, open the files, and start collecting this data.
Then, we need to organize the data properly.
Create special folders for each type of data, for example one folder for monthly sales reports, one folder for financial data, and so on.
With organized data, we won't have a headache when we want to look at it later.
Now, we need to analyze the data. What needs attention? Look at the sales trend, what is booming, what is slow.
Also look at the financial data , are we making a profit or losing money? Customer data is also important, identify who our loyal customers are , and is there a decrease in the number of customers.
All of this will give an idea of our business performance.
We need to look for patterns and trends in the data.
For example, maybe every month sales increase before school holidays, or maybe data shows that more male customers shop on weekends.
This will help us make smarter decisions in malaysia phone data planning for next year.
After we've looked at all this data, now it's time to set goals.
What do we want to achieve in 2024?
Maybe we want to increase sales by 20%, or we want to reduce operating costs.
This goal needs to be clear and specific.
With clear goals, we can focus on what needs to be done.
Finally, we need to have an action plan . What do we need to do to achieve the set goals?
Maybe we need to change our marketing strategy, or we need to change the way we manage stock.
Make a list of steps that need to be taken, who is responsible, and when they need to be done.
This plan will be our guide in achieving our business goals.
Previously, Sifubad had a site visit for students of the quarterly business review. They asked how to make a plan for next year. There are a few tips that we would like to share..
Table of Contents
1. View all data
2. Analysis of company capabilities..
3. Set target
4. Make a market analysis
5. Decide what growth strategy we want to use?
6. Plan a strategy!
7. Prepare team
1. View all data
You have to look at all the data, including revenue, profit, cash flow, cash reserve, commitment, conversion rate, sales source fraction, budget , etc. No data, no plan! Data cannot lie..
What we need to do is collect all the data related to our business.
This data can come from various sources.
Some come from daily sales, some come from financial reports, and some come from customer data.
So, open your computer, open the files, and start collecting this data.
Then, we need to organize the data properly.
Create special folders for each type of data, for example one folder for monthly sales reports, one folder for financial data, and so on.
With organized data, we won't have a headache when we want to look at it later.
Now, we need to analyze the data. What needs attention? Look at the sales trend, what is booming, what is slow.
Also look at the financial data , are we making a profit or losing money? Customer data is also important, identify who our loyal customers are , and is there a decrease in the number of customers.
All of this will give an idea of our business performance.
We need to look for patterns and trends in the data.
For example, maybe every month sales increase before school holidays, or maybe data shows that more male customers shop on weekends.
This will help us make smarter decisions in malaysia phone data planning for next year.
After we've looked at all this data, now it's time to set goals.
What do we want to achieve in 2024?
Maybe we want to increase sales by 20%, or we want to reduce operating costs.
This goal needs to be clear and specific.
With clear goals, we can focus on what needs to be done.
Finally, we need to have an action plan . What do we need to do to achieve the set goals?
Maybe we need to change our marketing strategy, or we need to change the way we manage stock.
Make a list of steps that need to be taken, who is responsible, and when they need to be done.
This plan will be our guide in achieving our business goals.