The Business Planning Process
A well written business plan can serve as a blueprint for running a business. Moreover, it also serves as your firm’s resume and is a useful tool for managing and sustaining your business. Many business owners argue that a business plan is not needed as the market changes at a rapid pace. However, your business plan is a work in progress that needs to be continually revised to reflect these environmental changes. Worse yet are those owners that argue that they have no time so they keep their plans in their head. Almost all successful businesses, from Fortune 100 to small and mid-sized businesses, have a business plan and understand that continuous business planning is the primary key to success and longevity. Why not follow in their footsteps and start having a proactive approach versus a reactive blind approach to your business? The fact is that developing a comprehensive business plan will save you valuable time and money.