4 Essentials to Planning Growth of Your Ecommerce Business

BRIAN BARRY | December 31, 2018

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Many small-to-medium ecommerce businesses do not employ sufficient long-range planning as part of their business culture. The old joke about the definition of long-range planning is operative in some companies, “Where are we going to eat lunch?”Large businesses have comprehensive processes necessitated by owners and investors and the need to communicate objectives and results to various stakeholders.While long-range planning can be time consuming in larger companies, smaller businesses can benefit from adopting some of the key best practices. Advantages include:A top-down and bottom-up planning process that can act as a guide to achieving business objectives with expense control and profitability. Planning cash requirements for inventory purchases, payroll and expansion that are in line with projected sales and resulting gross margin.

Spotlight

Qi Group

The QI Group of Companies is a diversified multinational entity with regional offices in Hong Kong, Singapore, Malaysia, Thailand and the Philippines and a wide range of subsidiary companies in nearly 30 countries. The Group has six main business lines diversified into lifestyle and leisure, luxury, training and education, property development and management, logistics and an e-commerce based retail & direct sales business. The constantly evolving Group has also invested in the hospitality segment in Sri Lanka, Thailand, South Africa and Turkey through a range of spa resorts and boutique hotels.

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Spotlight

Qi Group

The QI Group of Companies is a diversified multinational entity with regional offices in Hong Kong, Singapore, Malaysia, Thailand and the Philippines and a wide range of subsidiary companies in nearly 30 countries. The Group has six main business lines diversified into lifestyle and leisure, luxury, training and education, property development and management, logistics and an e-commerce based retail & direct sales business. The constantly evolving Group has also invested in the hospitality segment in Sri Lanka, Thailand, South Africa and Turkey through a range of spa resorts and boutique hotels.

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