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Competitive Analysis and Positioning in Strategic Planning

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In today’s highly competitive business landscape, small businesses face a constant battle to stay relevant and thrive. With larger corporations often dominating the market, it can be challenging for smaller players to carve out their own niche and attract customers. However, by embracing the power of strategic planning, particularly through competitive analysis and effective positioning, small businesses can gain a significant competitive edge.

Developing Relationships with Local Media Outlets and Influencers

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Small businesses often face an uphill battle when it comes to marketing and building brand awareness. With limited resources and fierce competition, it can be challenging to make your voice heard and stand out from the crowd. However, one strategic approach that can yield remarkable results is developing relationships with local media outlets and influencers.

Incorporating Sustainability and Social Responsibility into Your Business Plan

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In today’s rapidly evolving business landscape, small business owners are faced with the challenge of not only staying competitive but also meeting the growing expectations of customers and stakeholders for responsible and sustainable practices. Consumers are increasingly conscious of the environmental and social impacts of the companies they support, and they are actively seeking out businesses that align with their values.

What insurance do I need to run my own business?

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Picture this – you’re a small business owner, buzzing with excitement about your new venture. You’ve got the passion, the drive, and a brilliant idea that’s going to change the game. But then, reality hits: the world of insurance looms like a daunting maze. Worry not, my friend, for we’re about to embark on a journey that will leave you feeling empowered and protected.

What are the 4 P’s of strategic planning?

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Imagine you’re on a journey, a path filled with twists, turns, and the occasional pothole. Now, what if I told you there’s a secret map that can guide you through the terrain, helping you navigate the obstacles and reach your destination with confidence? That’s the power of strategic planning, and the 4 P’s are your compass.

What businesses are needed in Washington?

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As a small business owner in Washington, you might be wondering what kind of businesses are thriving and where the opportunities lie. With a diverse economy and a population constantly on the move, the Evergreen State offers a wealth of possibilities for entrepreneurs willing to tap into emerging trends and unmet needs.

Infographic: SBA Unpaid Principal Balance (UPB) by Program by Year

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.stk-6faae37{border-top-left-radius:8px !important;border-top-right-radius:8px !important;border-bottom-right-radius:8px !important;border-bottom-left-radius:8px !important;overflow:hidden !important;border-style:dashed !important;border-top-width:1px !important;border-right-width:1px !important;border-bottom-width:1px !important;border-left-width:1px !important} The Small Business Administration’s (SBA) loan portfolio has shown consistent growth over the past decade, with the most significant expansion occurring in the 7(a) Regular program. From 2014 to 2023, the 7(a) program’s unpaid principal balance grew substantially from $68 billion to $110 billion, … Read more

Infographic: Top Industries for SBA Loans

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The Small Business Administration (SBA) loan data for 2023 reveals that service-oriented industries dominated lending activity. Accommodation and Food Services topped the list with 8,504 loans, likely reflecting the continued recovery and expansion of restaurants and hospitality businesses post-pandemic. Construction followed closely with 8,148 loans, indicating strong growth in building and development sectors. Retail Trade … Read more

What businesses are needed in Iowa?

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Are you considering starting a small business in Iowa? With its strong economy, low cost of living, and supportive business environment, the Hawkeye State offers plenty of opportunities for aspiring entrepreneurs. But before you dive in, it’s essential to understand which industries are thriving and what types of businesses are in high demand. Let’s explore some promising ventures for small business owners in Iowa.

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