The Business Planning “Thought Process” Is Very Important

In the daily rush of business it is very difficult for the leadership team to have some quiet time to think about the future of the business and to plan for that future.

The preparation of a Business Plan is a “high priority” item which should be conducted as a “quality time project” – no interruptions with the leadership team members offering input on a range of matters relating to the business.

A number of the items will require further research by an individual or a small group.

The key requirement is to develop strategies on a wide range of activities related to the business’s vision.

The key items required in a business plan vary but could include:

  • Products/services
  • Protection of intellectual property
  • Customers
  • Markets
  • Marketing
  • Competitors’ analysis
  • Team
  • Leadership team
  • Research and Development
  • Budgets and Cash Flow Forecasts
  • Cash Flow Management
  • Business funding
  • Succession
  • Scaling up the business

Want to know more?  Please visit www.towersbusiness.com.au

The Business Planning “Thought Process” Is Very Important

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