siding replacement siding types riverwoods siding replacement wadsworth installing vinyl siding northbrook concrete siding bartlett .. Chicago Drug testing

Planning for Success

Business planning is widely acknowledged as one of the keys to business success. Yet there is still a great reluctance by small business owners in this area. This is despite the fact that it can be shown that fewer business fail if they have prepared a business plan.

The following are some of the reasons given for not planning:

  • We have done well so far, so how would a plan help us?
  • I'm too busy keeping up with what we are doing now.
  • What if an opportunity comes up that is not in the plan?
  • We're too small to worry about planning.
  • We can't plan because things change so rapidly.

The problems evidenced in businesses that fail to plan are:

  • Being taken unaware by changes in the economy or industry,
  • Being reactive, always putting out fires rather than solving the cause of problems,
  • Lacking focus, people in the business are not sure of their real purpose or objectives,
  • Lack of growth, repeatedly coming up against the same problem but never finding the solution,
  • Disorganisation, lack of time, inefficiency.
  • Most of these problems are actually the result of not planning.

A business plan can assist a business to make real progress, by:

  • Forcing you to set goals or objectives,
  • Determining the business' strengths, weaknesses, opportunities and threats,
  • Establishing priorities,
  • Finding solutions to ongoing and potential problems,
  • Helping you to become better organised,
  • Showing the way to be freed from day to day pressures.

It has been proved that businesses that plan are more successful than those that don't. The end result of the planning process is a business with:

  • A definite purpose, or "mission", understood by all employees,
  • Clear direction and objectives for the future,
  • An identifiable competitive advantage,
  • Well thought out strategies,
  • Well organised and efficient operations, and
  • Better chance of being successful in having consistent and controlled growth.

There are many business planning products on the market and many consultants who specialise in business planning. The benefits of creating your plan will far outweigh any costs. If you want to achieve greater success in your business, it won't happen by accident, or by continuing to do the same things that have got your business into its current state. You need to take some time out to look at your situation and to develop a plan to achieve the business you desire in the future.

(c) 2005 Greg Roworth, Progressive Business Solutions Limited

Greg Roworth is the Managing Director of Progressive Business Solutions Limited, a business development consultancy firm with branches in Wellington and Auckland, New Zealand. Greg has created a unique business development program that assists business owners transform their business from a state of total dependency on them to a state where the business works so well they don't have to.

Greg is also the author of "The 7 Keys to Unlock Your Business Profit Potential," which descibes the fundamental keys a business needs to achieve this transformation. Find out more, get 2 free chapters, or buy the book online at http://www.small-business-success.ws.

In The News:

Corporate Venturing For Emerging Growth Companies

The boom of the dot-com era in 1999 brought the... Read More

How to Develop a Successful Board of Advisors (...and Why You Should!)

In today's rapidly changing and highly competitive markets, many privately... Read More

Business Plan 101 How to Write a Table of Contents

No matter what business you plan to start in your... Read More

Describing Intellectual Property in Your Business Plan

Most companies that are worthy of raising venture capital have... Read More

Mining Market Data

With a heightened awareness of opportunity, ideas can often be... Read More

Who is Responsible?

While writing an article recently on effective ways to bridge... Read More

Microsoft Great Plains Implementation: Pharmaceutical Corporation Specifics ? overview

Microsoft Business Solutions Great Plains serves mid-size and large clients... Read More

The Top Five Reasons Strategic Plans Fail

"Most great plans aren't. They are just nice, high-level ideas."That's... Read More

Microsoft Great Plains in Agriculture ? implementation highlights

In this small article we'll concentrate on farmers associations and... Read More

Defining Go for It Business Goals

Many business start-up kits or consultants will tell you one... Read More

Strategic Acquisition Strategies for Small Businesses

Growth through acquisition should not be considered an option reserved... Read More

Memo: Sustaining Growth in Your Business

What gets measured gets done.How do you keep your business... Read More

Benefiting from Strategic Thinking

I recently took an organizational behavior class where my professor... Read More

Are You Ready To Go International?

Although North Americans were the dominant population on the Internet,... Read More

Expanding your business in a franchise system

If you are a successful franchise of a large franchise... Read More

Five Crucial Components of a Business Plan

The format of a Business Plan is something that has... Read More

Bounced Checks in Your Business Location Outlets

The new check cashing instant clearing will take some time... Read More

What is Your MSP?

For many consumers and producers, MSP is an acronym for... Read More

The Best Entity to Hold Real Estate

Possibly THE most frequently asked question of me is "What... Read More

19 Questions to Supercharge Your Business Plan

Whether you are seeking capital for your company or are... Read More

Business Plans Keep You On The Success Course

Where would your business be without a proper plan? A... Read More

Turning On The Lights

Fun From The StartFor those with the will to start... Read More

Business Planning and the ?Bozo? Factor

"Bozo" ? A clown with a forlorn look, always finding... Read More

Family and Friends Referrals Make the Best Franchisees

As a franchisor it is imperative that you seek, find... Read More

Be Like Bill - Think!

Twice a year, Bill Gates goes to a remote island... Read More

induction high bay lighting best street lights Pete's produce ..
induction high bay lighting best street lights Pete's produce ..