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Founder of Ellington Properties Nitin Bhatnagar Discusses What Strategic Planning Is Required To Launch A Business

Friday, 20 January 2023 08:00 AM

DUBAI, UAE / ACCESSWIRE / January 20, 2023 / With the beginning of a new year comes new business opportunities, which is why international entrepreneur and investor Nitin Bhatnagar takes the time to provide some advice for aspiring business owners. In a recently published blog post, he dives deep into some crucial steps one should consider on their path to professional success. With extensive experience in both real estate and wealth management, Nitin claims that one of the most important steps is defining your business goals. First, take the time to consider your long-term objectives:

"What are you hoping to achieve? Are you looking to increase sales, enter new markets, or improve customer satisfaction? Once you have a clear idea of your goals, you can develop a plan. This should include actionable steps to move closer to your goals.

For example, suppose you want to increase sales. In that case, you might develop a marketing campaign or offer discounts if you're going to enter new markets, research potential target markets, and create new products or services. By taking the time to define your business goals, you can set yourself up for success."Nitin states that in order to grow your business it's a good idea to perform extensive industry research. Take the time to analyze competitors and take note of their strategies and tactics. While staying on top of market trends can be challenging, it is a necessary step in the long-term success of any business.

"Before starting your business, you must consider a few essential legalities. First, you'll need to secure funding. This may involve taking out loans, attracting investors, or using personal savings. Once you have the financial backing, you'll need to register your company with the appropriate government agencies."

According to Nitin, one of the most common mistakes that new business owners make is not having the required financial resources to stay afloat during the first several months of business. Individuals must also consider marketing efforts and identify a strategic plan to ensure they reach the intended audience.

To read through the entire article please visit his official blog page.

About Nitin Bhatnagar

Nitin Bhatnagar is a thriving entrepreneur currently disrupting the real estate industry in Dubai. With over twenty years of experience, Nitin has successfully led multiple diverse teams in wealth management and corporate finance. As one of the youngest Managing Directors with Bank of Singapore, Nitin is headstrong and ambitious. His current endeavor aims to introduce the concept of boutique real estate to residential communities in Dubai.\

Media Contact:

Nitin Bhatnagar
Email: [email protected]

SOURCE: Nitin Bhatnagar

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