Strategic planning is the process of documenting and establishing a direction of your small business by assessing both where you are and where you're going. The strategic plan gives you a place to record your mission, vision, and values, as well as your long-term goals and the action plans you'll use to reach them
Target market analysis determines where, and how, your product fits into the real-life market. With this information, you can: Determine which markets are most and least valuable to your business. Develop accurate buyer personas.
The most commonly used data analysis methods are: Content analysis: This is one of the most common methods to analyze qualitative data. ... Narrative analysis: This method is used to analyze content from various sources, such as interviews of respondents, observations from the field, or surveys.
A financial statement is the combination of the three major reports on a business. It will contain the cash flow statement, the income statement and the balance sheet of the business. All three together produce an overall picture of the health of the business.