Strategic Planning Strategic Planning Resources Like budgeting, strategic planning is a necessary process for a healthy organization. Where do you want to take it?
Used mainly by retailers, markup pricing is calculated by adding your desired profit to the cost of the product. Your prices must reflect the dynamics of cost, demand, changes in the market and response to your competition.
The total aggregate sales of your competitors will provide you with a fairly accurate estimate of the total potential market. Because of its general nature the information cannot be taken as comprehensive and should never be used as a substitute for legal or professional advice.
Aligning your personal vision with your company vision is key to achieving your personal and professional goals. For a business plan, you must be able to estimate market share for the time period the plan will cover.