A Business Without A Plan Is Like A Boat Without a Compass.
Today, that plan is a distant memory and nine out of ten business owners have long done away with writing annual business plans.
Many times, business owners tell us that “their business plan is in their head”. What that means is that their “plan” is competing with e-mails, phone calls, client orders, employee needs, family matters and God only knows what else. How can you hope to view that plan with any clarity if it’s going up against all these other challenges in your life?
In these particularly tough economic times, you must have clearly defined goals, strategies and tactics.
How do you know where you are headed if you don’t know where you are?
Just as importantly, it is critical that you review that plan at least monthly and that you update it on a quarterly basis. If you are truly intent on growing your business and achieving the financial and personal goals that you want, you should be looking at this plan at least once a week.
A written business plan – like a compass for a sailor – enables you to chart a course and then determine whether you are headed in the right direction or whether you need to make “course corrections.” Moreover, a business plan enables you take a hard look at your business and brainstorm on areas of improvement.
So it’s never too late, whether you’ve been in business five years or 25 years, to write a plan for your business. You will be astounded by what your business looks like when you actually commit to a written plan and track it routinely.
For a complimentary assessment to make sure that you’re business is achieving its true potential and to learn more about easy and effective ways to develop a functional business plan:
- Call us at 203.210.7003.
- Leave a comment on the page and we’ll contact you directly
- Send us an email by clicking on the button below