Blog 9 : BUSINESS PLAN CREATION OR REVIVAL
Your choice is stay the same and not grow and face emanate death or create a current business plan to decide whether you Change Directions or Stay the Course?
Everything changes during this seasonal time of the year; as such, it is time for you and your business to consider changes, too. The season changes from winter to spring it is time to be introspective as it relates to your business; Soon, you will be assembling all your documents for the 2016 tax returns and while you are searching for those documents, try and find your original business plan, if you even ever had one.
Oh, you never had a business plan or you haven’t looked at it for years and have been flying by the seat of your pants but doing OK, then prepare to crash land for the weather is unpredictable and you do not have a backup or an alternative plan, like a second motor, better start praying.
This time of the year is also a good time to assess your progress or decay. What you are doing right and what you need to change, all of which should be documented and translated into an active business plan. We need to analyze and determine our path to further success and set our goals.
Has your business kept the same focus or have you wandered off the original path? Sometimes there are things that happen, a shift or a challenge, that leads us in a different direction and we drift off course. We lose our original vision.
Other times, there are good things that happen and they take us in a positive direction, which may be better than expected; nevertheless, you need to determine the direction and pace with which you are moving toward achieving your vision or assess where you may have drifted off course.
If you are not satisfied with your direction or speed to meet your goals, then change your course as quickly as you can by calling in a professional consulting firm, MITCHELLETTE & ASSOCIATES, (www.mitchelletteandassociates.com). They know how to prepare a meaningful business plan or call it a strategic plan, either way it will keep you on course for any audience, whether you are considering refinancing and need an investor or a finance company. A business plan or strategic plan will help you create and implement, marketing strategies & direction, locate synergy partners, even hiring the best and brightest for your company.
You can be sure, if you have fallen off course, you will be righted again and live and prosper armed with a business roadmap, we call a BUSINESS PLAN, with steps you need to get moving in the right direction again.
Please, whatever you do; do not buy or download a business plan template as they are worthless. There is no such thing as a generic business plan! Each plan must be tailored to its intended audience; such as, a banker to finance a project or an acquisition partner or as this article suggests, just for your own benefit.
Your plan will include setting new goals, new benchmarks, new tools even a safety net where applicable, and resources to keep yon on course so you can keep and grow your business and be prepared for any kind of weather or market turn-down and “God” forbid catastrophic event like a major storm at sea and your compass is malfunctioning-just get that plan for what to do next!
Don’t wait until it is too late!
Determine NOW if you will change direction or stay the course or call for the Harbor Master to guide you in safely.
BUSINESS CONSULTANTS (SINCE 1995)