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Planning and Operating a Small Business , - Coggle Diagram
Planning and Operating a Small Business
Buissness ideas
Find a unique business concept
Ensure there is demand.
Business plan
Overview of business goals and mission.
How you'll make money (sales, services).
Marketing and sales approach.
Budget, funding, and financial goals.
legal setup
Choose a business type (LLC, sole proprietorship).
Name and business.
Obtain and business
funding
Personal savings, loans, or investors.
Track expenses and revenue
makerting
Create a logo and brand identity
Use social media, ads, and other channels
Develop strategies to attract and retain customers.
Operations
Organize daily activities and workflow.
Hire and manage employees if needed.
Handle inquiries and feedback.
Growth
Look for opportunities to grow (new products, markets).
Track performance and adjust strategies.
Risk Management
Recognize potential problems
Get appropriate coverage.