Your question requires an evaluation of where you are in growing your SFI business and where you are in your journey with SFI in order to decide that in your stage of growth warrants buying PSAs. What I mean is that, you have to always take into consideration that whatever activities involved in growing your SFI business can be supported within your means (budget) and are directed towards having a profitable SFI business.
Do you have a business plan in place?
How important having your SFI business plan set up?
- Your business plan should provide a written tour of your SFI business’ operations.
- Your business plan should identify your objectives.
- It should examine your SFI business’ potential for success, your competitors and your business competitive advantages.
Your business plan should contain:
1. Marketing plan – it defines your business offer, your target market and your unique selling proposition to your prospects. What’s compelling and different about what you’re offering compared to the competition? How will you market it?
2 Operational plan – what do you need to execute your long term goal?
3. Financial plan – provides information about the outline of your detailed financial projections, which includes your growth expectations over the next couple of years.
If you have set up your business plan, you’ll definitely need a strategic plan identifying the steps/actions to drive your SFI business forward. Your SFI business needs both to give it a clear foundation and a sense of direction, as well as to assist you with identifying key players and resources to seek out and acquire. Without them, you’re practically driving with the brakes on.
The boundaries of your strategic plan are defined by the contents of your business plan. The missions and objectives within your business plan not only define the desired results, but the time frame in which the results should be achieved.
I would highly recommend having a close look and making an assessment of your business and strategic plans in order to know where you are in terms of your development and growth in SFI and make a wise decision when you should start buying PSAs.
With your business plan and strategic plan you should be able to make an assessment, if you’re in a position (the right time) to purchase PSAs and also train and support them.
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Your question requires an evaluation of where you are in growing your SFI business and where you are in your journey with SFI in order to decide that in your stage of growth warrants buying PSAs. What I mean is that, you have to always take into consideration that whatever activities involved in growing your SFI business can be supported within your means (budget) and are directed towards having a profitable SFI business.
Do you have a business plan in place?
How important
...
more
