Weekly Business Question – Week 1: Do You Have a Plan?
As the owner of a small or medium sized business you need to be able to confidently predict the future. How do you go about making important decisions about the future of your business without falling into the realms of Mystic Meg?
The answer is with a strategic business plan.
You will have written business plans in the past, probably out of necessity when approaching the bank manager for a loan. What we are suggesting is that you re-write that plan to grasp hold of the vision you had when starting your business, and use it to propel your business forward.
A good business plan will become the centre of all you do as a business owner. It will be your best friend, something you return to time and again to be reassured that the decisions you are making as the right ones to keep your business on track.
Thinking differently about your business plan can help you to:
- Define your most valuable customers
- Map sales by your products and services
- Align forecasts to both your existing and new customers
- Establish real sales targets
Taking the guesswork out of decision-making will get your business moving forward in no time. A strategic business plan, rooted in your vision of the future, can take you to the place you envisioned for yourself when you first started out. We can’t promise you’ll be on a next plane to the Bahamas, but with a good solid plan in place you’ll be taking the first step toward packing your suitcase.
Do you have a plan? Is it good enough to help you determine the next step for your business? Why not get in touch and book a Free Health Check with one of our team? Complete the form here and we’ll be in touch.
This is the first of a weekly series of questions and viewpoints that every business owner should be thinking about when looking to take their business to the next level. To join in with the discussion why not leave a message below or join us on Twitter (@BizDocsLeeds) and LinkedIn?
Warning: Undefined variable $cat_slug in /www/businessdoctorsireland_388/public/wp-content/themes/business-doctors/single.php on line 208