Du’Quita Richardson
April 12, 2013
Intro to Business.
Period 1

Financial Planner: “Financial Planners” go over people's finances and financial goals, and then try to pick investment strategies, like annuities, life insurance policies, CD's, etc., to create options to help the client develop a portfolio that would help achieve their investment aims. Create a Sound Financial Plan::
Step 1
Establish Goals
Step 2
Gather Data
Step 3
Analyze & Evaluate Your Financial Status
Step 4
Develop a Plan
Step 5
Implement the Plan
Step 6
Monitor the Plan & Make Necessary Adjustment

Competitive Analysis: Competitor Analysis is an important part of the strategic planning process. This revision note outlines the main role of, and steps in, competitor analysis
Why bother to analyze competitors? Some businesses think it is best to get on with their own plans and ignore the competition. Others become obsessed with tracking the actions of competitors (often using underhand or illegal methods). Many businesses are happy simply to track the competition, copying their moves and reacting to changes.
Competitor analysis has several important roles in strategic planning:
• To help management understand their competitive advantages/disadvantages relative to competitors
• To generate understanding of competitors’ past, present (and most importantly) future strategies
• To provide an informed basis to develop strategies to achieve competitive advantage in the future
• To help forecast the returns that may be made from future investments (e.g. how will competitors respond to a new product or pricing strategy?
Questions to ask: Who are our competitors? What threats do they pose? What is the profile of our competitors? What are the objectives of our competitors? What strategies are our competitors pursuing and how successful are these strategies? What are the