The approach of developing your business plan is working on a top down approach. Your personal goals, your vision for the business, what level of sales will the business have, how will you achieve those sales, how many people will you need, what will be the cash flow requirements.
So we start with a vision for the business and build it out from there, fleshing out the details, understanding what operational, financial and structural requirements for the business. Once you have a solid and explainable vision for the business on paper, it is then necessary to look at where you are now and what changes to your business that you will have to make in order to achieve your vision.
Often achieving your vision will require a significant change in your business operations. It may mean doing things differently than the rest of your industry. As Albert Einstein said "The definition of insanity is doing the same thing over and over again and expecting different results".
The process of developing a business plan will show you:
If you are lost in your business at the moment, feeling flat, unsure of where your business is going then writing a business plan will invigorate your attitude towards your business, giving your a clear focus on what your business requires.
We can help you with business planning providing templates, help with financial projections, mentoring and financial advice. Give us a call on 9411 5422 for more information.