Strategic Planning in business involves putting into place a plan and strategies for the next 3-5 years. In doing that the business looks at the big picture and asks questions such as:
What is our Mission?
What are our goals?
What new ways can we create a profitable revenue stream?
What should be eliminated that is not profitable to us?
How can we accomplish the goals?
What are our Strengths, Weakness, Opportunities and Threats?
How will the plan be implemented?
This week is "Income Tax Week". The news is humming with tax saving tips. Be sure to Google or search “Tax Savings Tips”. You will find great articles that will help you save money.
If you did not meet the criteria in the last tax year, consider how you can in this current tax year. Saving money includes making sure you qualify for some of the great tax benefits that the government is offering.
Take a “Strategic” view of the situation. Ask yourself, “Where can we as a small business and family save money for this current year on our taxes?” Ask the questions listed above. Then turn the ideas into reality through actions.
Judy
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