3 Key Steps to Successful Business Planning
I’m always happy to pass on great info...and this is great info! I’ve included a few snippets below lifted from the full article.
The physical business plan
Without a business plan, there is no way of knowing if what you’re doing actually meets your objectives and the direction you want to take your business in. A business plan will help guide you in your decision-making, keep your activities focused and ensure that everything you do is worth the investment of resources, time and effort.
Constantly review your business plan
Very few industries and markets stay the same quarter-to-quarter, month-to-month, or even week-to-week. Your business plan needs to be responsive to your market and your business. If you have a fast-changing market, reviewing your business plan quarterly will mean you may be missing great opportunities by not being as dynamic as the rest of your market.
And there is no problem with reviewing your business plan at a higher tempo than your market operates. Affirming your objectives, intermediate goals and your projects will mean your business is dynamic, responsive and in the best position to capitalise on opportunities you create or deal with any risks you identify.
Do you need more detail on this subject? Head on over to the full article here for more ideas and perspective. Afterwards, why not drop me an email to share your thoughts at [email protected]; or call me on (0467) 749 378.
Thanks,