• Recent Posts
  • Recent Comments
    • ¿Por qué los traductores profesionales son rentables para tu e-commerce? - Blarlo on The importance of being present in the B2C (Business-to-Consumer) e-commerce
  • Archives
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023
    • June 2023
    • May 2023
    • April 2023
    • March 2023
    • February 2023
    • January 2023
    • December 2022
    • November 2022
    • October 2022
    • September 2022
    • August 2022
    • July 2022
    • June 2022
    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • August 2021
    • February 2021
    • January 2021
    • November 2020
    • April 2020
    • March 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • June 2019
    • April 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • September 2018
    • August 2018
    • July 2018
    • June 2018
    • May 2018
    • February 2018
    • January 2018
    • November 2017
    • September 2017
    • August 2017
    • March 2017
  • Categories
    • Business
    • Culture and localization
    • E-commerce
    • Multilingual tourism
    • News
    • Orthography
    • Professional Translators
    • Specialised translation
    • Technologie
    • Translation tips
    • Uncategorized
  • Meta
    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

The concept of core business and how to apply it to your company plan

The concept of core business and how to apply it to your company plan
Do you need translation services?
Contact us now to get a quote

Core business is one of the most relevant concepts in the business world today. Understanding its ins and outs will help you to properly define your strategy and confidently tackle any challenges that arise. Keep on reading, because we’re about to explain all you need to know.

What is a company’s core business?

It is a term that refers to the main activities that define a company from a competitive standpoint. Essentially, a business’ core is what makes it stand out from the competition. It could be related to pricing, customer service, or even packaging. In other words, it is what adds value to a project. That’s why it is crucial to know exactly what core business is, as it’s what will sustain your ongoing growth.

Create a good business plan

Knowing what makes your company different and valuable is essential when it comes to designing a long-term plan that will guarantee its growth. These are the key points your business plan should include:

  • A summary of your company. A brief, concise explanation of what it does and what makes it stand out.
  • An analysis of the competition. To better understand the market and sector in which it operates.
  • Products and services. Here, you should clarify what you’re selling as well as what makes it desirable. In other words, highlight the most valuable aspects of your company’s products.
  • Income models. An analysis explaining the company’s most profitable activities.
  • Operational model. Here, you should outline the work processes that will take place. The material to be used, the departments involved, timings and resources dedicated to each action, etc.
  • Customers. You’ll need to meticulously segment and define your target audience, as well as study possible growth avenues in other market niches and with other targets.
  • Finances. This section should explain the growth expected to be achieved by implementing the designed plan.

How to leverage business opportunities

A business plan should also define the company’s potential growth avenues. Is there a common factor across all sectors that you can leverage to identify new opportunities? The truth is, yes.

The internationalization of online commerce is a reality already impacting countless businesses today. How can you take advantage of it? It’s really simple: using languages and digital marketing as tools to access new markets.

With the right advertising strategy, a small initial investment, and the expertise of a professional translation agency, you can start selling your products abroad. This way, you will discover new growth avenues that can be very profitable.

Ultimately, understanding your company’s core business is essential when it comes to knowing what makes you stand out, from a strategic perspective, from the competition. If you’re determined to grow your business and establish yourself in new markets, remember that, here at blarlo, we have the know-how and tools to help you make it happen. Our expert translators are at your service! Contact us with no obligations.

This post is also available in: Español (Spanish) Français (French) Nederlands (Dutch) Deutsch (German)