Do you have a Business Plan? Congratulations, but you are in a small minority. And if you have a plan, is it integral to your business, and instrumental to its growth? In Empower Business Solutions experience, even if they have a plan, most business owners leave it languishing on their bottom shelf, gathering dust!
For a business plan to be useful, it has to be part of a Business Management System.
Empower Business Solutions approach to Business Plans
General Eisenhower once said: “Planning is Essential but Plans are useless”. What he meant by this is that plans must be responsive to changed circumstances. What is important is the business planning process and planning cycle.
Business Plans do work, but you have to make them work. The Business Plan is not an end in itself, it just the starting point. It is not a one-off exercise. To be of value, a business plan must become a part of Your Business.
Rather than lengthy glossy documents that take a long time to prepare and then are ignored, Empower Business Solutions focuses on a One Page Business Plan that is easy to read and easy to maintain.
Most business owners don’t actually want a business plan; but they do want the benefits a business plan brings to their business. Empower Business Solutions approach to helping clients with business plans is to undertake workshops in all the key areas that are in a normal business plan. Areas such as:
- Business Goals
- Marketing Strategy & Plan
- People Strategy
- Operations Strategy
- Risk Management Strategy
- Financial Plan
- Growth Strategy
The plan’s purpose is to tie the vision and mission of the business into robust targets that directly link strategy to the marketing and financial plans of the business.
Integral to the development of the plan is the creation of a budget-decision tool that allows the business to test different strategies and scenarios. It is often found by busiensses during this process, that there are hidden cross subsidies in their business.
This becomes a decision making tool that enables businesses to determine their staff requirements and affodability, and whether to make specific investments, such as opening another office. It becomes an essential planning tool for the business enabling decisions to be made with a clear understanding on their profit impact and to track performance.
Find out further information on Business Plans and their benefits when you request a Free Preview copy of The Five Pillars of Guaranteed Business Success.
Request a Complimentary Business Evaluation and find out how you can create an evergreen planning process to provide your businessthefocusandclariy it needs and how to: