How much time each week, or month, do you set aside for strategic or business planning?

How much time each week, or month, do you set aside for strategic or business planning?

“If you fail to plan, you are planning to fail” – Benjamin Franklin.

 

The first thing you must do when considering starting or buying a business is to complete a business plan, preferably with an advisor, to ensure that the business concept is viable.

But what about after you’ve become a proud business owner? Why should you continue reviewing and revising your business plan? Or spend time creating strategic plans?

  • To help you make sound decisions that support your short-term and long-term goals
  • To identify any possible risks
  • To communicate ideas or visions to stakeholders

Planning regularly and reviewing these plans with an experienced advisor ensures you are taking the necessary steps to reach your goals, you can address potential risks, and your ideas are scrutinised and looked at through a strategic and financial lens. Some ideas seem absolutely brilliant… until they’re put down on paper.

If you need help prioritising planning for your business, please get in touch with Murray, and he’ll help you create a path to achieve your goals. Call: 09-309-3222 OR Email: murray@insightca.nz
Connect

Related Posts

How much time each week, or month, do you set aside for strategic or business planning?

How much time each week, or month, do you set aside for strategic or business planning?

“If you fail to plan, you are planning to fail” – Benjamin Franklin.   The first thing...

Will borrowing funding for my business expose me to greater personal risk?

Will borrowing funding for my business expose me to greater personal risk?

If you go to your bank, yes, your bank will likely require you to secure personal assets...

Have you made a plan of how your business will handle this crisis?

Have you made a plan of how your business will handle this crisis?

The biggest impacts come from uncontrollable non-financial risks like epidemics (covid-19) and pandemics, and natural disasters. While...