Your Business Plan is the roadmap for the future of your company. Give it the time necessary to make as accurate a plan as possible. The more prepared you are for the future, the more able you are to deal with it and make it successful.
Your business’s future depends on its ability to achieve profit to grow and develop the company; even non-profit firms make a profit. The Business Plan is where the plan in your head either stands up to scrutiny or not.
Putting the program together helps rationalise, and using the information available makes future growth possible. Planning for the future shouldn’t be a stab in the dark.
Future planning is also about mitigating risk. If you’re considering expansion, then what are the key things that need to be in place?
The Business Plan
Your Business Plan is your roadmap for the business, laying out what it will do and how to achieve it. It doesn’t need to be overcomplicated but does need to have these three principal sections:
· What products and service will you sell?
· Where are you going to sell and to whom, what is the sales process?
· What are your predicted sales and the associated costs?
A good plan will focus, share the vision with the rest of the team and create a sense of purpose. A method increases the chances of success for the business and helps to avoid mistakes and waste. A mission statement underlines the company’s purpose and brings to life the plan.
While your comment may not be as bold as Google “To organise the world’s information and make it universally accessible “,- it needs to state your intent.
Begin with the end in sight.
Looking backwards from where you want to end up help identify the gaps in either skills or technology. For example, if you were going to attempt to climb Everest, you would talk to people that have done it to find out what you needed apart from a will to succeed.
“You can’t connect the dots looking forward; you can only connect them looking backwards”
“The future belongs to those who prepare for it today”