Top 10 benefits of business planning
The company formulates objectives thoroughly after discussing with the entire team to ensure it is clear and fully understood. These objectives help the company to achieve stability of business, gain buy in from staff to ensure sustainability and maximize profits.
Having an integrative approach leads to professionalism in the business and avoids possible reputational damage.
Provide a holistic
This creates a team effect, avoid silo mentalities and move an organisation from a ME to a We culture.
Short-term plans are important but setting a long-term plan speaks to the longevity and sustainability of the business.
priorities based on prevailing market, political and economic conditions remain key to any business.
Technological factors influence the economic environment of the business.
The fourth industrial revolution has changed the way business communicate and do business with its customers. Technology present the opportunity to expand the customer, create a data base and analyse market trends to mention a few. Technology continuously upgrades and changes in technology are pivotal in any organisation.
The impact of politics in business at local, national and international levels has become a game changer.
The detail is critical in the HOW, WHEN and WHERE. Execution of a business plan is pivotal to any business and certainly worth adopting The Flawless Execution Cycle
Flawless does not mean to be perfect but rather a continuous learning process. Dealing with each issue to improve service and product delivery that speaks to your customers.
Cashflow projections, Capital expenditure and setting targets is the backbone to any business plan. It is measurable, aids in the accountability department but importantly provides a platform for learning and planning.
Helps to determine .
The business plan provides a roadmap to the organisation reminding everyone where they are at and where they are headed in the future and detailing how to get there. Ultimately it should speak to potential investors, funders and create shareholder wealth which leads to a credible valuation of the business.
Business plans are unique to each business and will provide any reader with a clear picture of the business. Business plans remain a moveable document which should be reviewed on a regular basis. Planning is great but executing at ground level often present a different picture, how you adapt your plan will yield dividends with staff getting involved and ultimately lead to increased productivity and profitability.
We provide the business owner with the opportunity to view their business from an outside perspective and offer advise from our years of experience. Our expertise lies in presenting a holistic view, delving into each aspect of the business and offering workable solutions. Our task is to ask the critical questions and help create shareholder value.