What are short term, long term, and intermediate goals in a business? If the business is a gift basket busines

My first goal would be to figure out what I need to do or how much I have to sell to break even. Once you break even the next step I would take would be to take 50% of the profits and dump them back into the business through advertising. That 50% should keep growing pretty rapidly if you keep reinvesting it back into the business. After that the choice is up to you. You can literally make millions of you do all the right things and keep the paperwork straight. It may seem like a far stretch but a million dollars really isn't that much money.



Good luck!

What are short term, long term, and intermediate goals in a business? If the business is a gift basket busines
I have a really good friend that was in this business and was successful. Know your competition... what their products look like, and charges.



1. Immediate goal: Gather customers. Join a Chamber of Commerce and GET INVOLVED. People need to know your name and what you do. Get into a referral group and network, network, network. Try www.bni.com - it is the real deal.



The only goal of any business is to be profitable - positive cash flow. There are four ways to do this:

1. Higher transaction value (more gross profit)

2. Higher transaction frequency

3. More customers

4. Low cost of goods sold. (buy low and sell high)



Reinvest in your business with good marketing. Get to know realtors and corporations that want to gift their customers and employees. "Get well" baskets for sick people. I could go on and on and on. A website? Absolutely.



Happy selling!
Reply:Short term goals might include growing your business quickly so you can still manage the growth AND qualify for ordering your basket contents in quantity for a better price.



Intermediate goals might include opening a second location, if you have a storefront. Another goal might be partnering with another company to increase awareness of your business.



A long term goal might be to take your business nationwide - franchise your business, or grow your business to the point where you are able to give back to the community.

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