Wise business owners know that there is great value in planning. As a result, they take the time to create and maintain a business plan. However, it is helpful to realize that there are at least 3 different types of business plans. Each plan serves a different purpose. Here they are.
At the beginning of every year, I lead a workshop for business owners, guiding them through a process to create an Annual Business Plan. Now that we’re a few days into 2018, I wanted to share with you seven mistakes that business owners commonly make in planning, and what you can do to avoid them.
The number one reason why most small businesses do not grow is because the owner does not take the time to create an annual business plan for growth! I hope you will be different!
This seems like a “no-brainer” but most small business owners do not do this. But why? My experience working in and with small businesses for over 25 years has shown me 3 basic reasons.
Your annual business growth plan is critical to the consistent, healthy growth of your business. I hope you will overcome the barriers and go into the new year with a solid plan for growth.
I have already identified the 3 Parts of an Annual Business Growth Plan. They are: Your Marketing Plan (with particular focus on your Marketing Calendar), Your Budget (or Financial Plan), and Your Organizational Improvement Plan. Here I want to look more closely at Your Organizational Improvement Plan.