What are business planning techniques?

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Business planning techniques in Canada include SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats) to assess internal and external factors. Market Research helps understand customer needs and competitive landscape. Financial Forecasting projects future revenues and expenses. Scenario Planning prepares for different future scenarios. The Lean Startup Method emphasizes quick market entry with a minimal viable product (MVP) to test ideas. Finally, Objectives and Key Results (OKRs) set measurable goals to drive performance. These techniques aid in creating a robust business plan tailored to the Canadian market.

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