Every business should have a plan – yet few actually do. There are many reasons why you should plan properly. A focused business plan can provide you with direction. It sets, if you will, a lighthouse-something for which to aim.
A business plan can also help you make the right decisions about where you should allocate your resources and what actions should be prioritized. You cannot do everything at once (whew), so having a vision and a plan keeps you very focused.
Your business plan will also help you identify where the gaps are in your business model. If you follow the plan, it will be very clear where you need to take action first to address any areas of weakness.
Once you have your plan in place, share it with your team to ensure everyone is aligned with your vision and understands the strategies you are putting in place. Finally, it is important to measure everything, which is why Key Performance Indicators play such an important role in the business planning process.
If having a vision for your business is one of your resolutions for 2010, please join us for our upcoming interactive workshop where we will help you create a short form business plan that will keep you focused on your business performance!
Thursday, January 21st, 11:30-1:00, catered lunch included in this complimentary event. Please visit www.simonsbitzer.com for location and directions. RSVP by January 19th to rpotter@simonsbitzer.com.
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