Why does your business need a written plan?

What are the benefits to you and the team of a written business plan?

• ·       A clear written plan for the business and its priorities for growth
• ·       A compelling vision to share with, and motivate others
• ·       Financial understanding of the numbers that matter and need to be measured
• ·       More confidence and skills to deal with change and uncertainty
• ·       Personal awareness, learning and growth
• ·       Executing plans and strategies in a holistic way, less fire-fighting
• ·       Improved wellbeing, and less overwhelm
• ·       Measurable results: understanding what success looks like

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Creating Your Business Plan - Part 2

Why does your business need a written plan?

The simple answer to why you need a business plan, regardless of the business size, or age or level of revenue, is that if you don’t have a plan, then you will end up wherever the winds of chance take you. You will be buffeted by every market turbulence, competitor intrusion, employee challenge and shift in customer strategy with little idea on how to address the impact. Most businesses focus so much on their product or service, and selling more of it at any cost, that the other foundational elements of a sustainable successful business get lost along the way.

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