Business Planning


 


It is a shame that so many people think business plans are just for startups, or to back up loan applications, or for getting investors. The truth is that business planning offers serious benefits for everybody in business.


Here are some of the benefits:-

See the whole business. 

Business planning done right connects the dots in your business so you get a better picture of the whole. Strategy is supposed to relate to tactics with strategic alignment. Does that show up in your plan? Do your sales connect to your sales and marketing expenses? Are your products right for your target market? Are you covering costs including long-term fixed costs, product development, and working capital needs as well? Take a step back and look at the larger picture.
Strategic Focus. 

Startups and small business need to focus on their special identities, their target markets, and their products or services tailored to match.
Set priorities. 

You cannot do everything. Business planning helps you keep track of the right things, and the most important things. Allocate your time, effort, and resources strategically.
Manage change. 

With good planning process you regularly review assumptions, track progress, and catch new developments so you can adjust. Plan vs. actual analysis is a dashboard, and adjusting the plan is steering.
Develop accountability. 

Good planning process sets expectations and tracks results. It is a tool for regular review of what is expected and what happened. Good work shows up. Disappointments show up too. A well-run monthly plan review with plan vs. actual included becomes an impromptu review of tasks and accomplishments.
Manage cash. 

Good business planning connects the dots in the cash flow. Sometimes just watching profits is enough. When sales are on credit terms, buying physical products, purchasing assets, or repaying debts are involved, cash flow is crucial for planning and management. Profitable businesses suffer when slow-paying clients or too much inventory constipate cash flow. A plan helps you see the problem and to adjust to it.
Strategic alignment. 

Does your day-to-day work fit with your main business tactics? Do those tactics match your strategy? If so, you have strategic alignment. If not, the business planning will bring up the hidden mismatches. 
Milestones. 

Good business planning sets milestones you can work towards. These are key goals you want to achieve, like reaching a defined sales level, hiring that sales manager, or opening at a new location. We are human. We work better when we have visible goals we can work towards.
Metrics. 

Put your performance indicators and numbers to track into a business plan where you can see them monthly in the plan review meeting. Figure out the numbers that matter. Sales and expenses usually do, but there are also calls, trips, seminars, web traffic, conversion rates, returns, and so forth. Use your business planning to define and track the key metrics.
Realistic regular reminders to keep on track. 

We all want to do everything for our customers, but sometimes we need to push back to maintain quality and strategic focus. It is hard, during the heat of the everyday routine, to remember the priorities and focus. The business planning process becomes a regular reminder.
As usual, we remind you to take your Memo Plus Gold daily. It will help to keep you alert and mentally sharp. For more information or to order for Memo Plus Gold, please visit : https://oze.my.



Artikel ini hanyalah simpanan cache dari url asal penulis yang berkebarangkalian sudah terlalu lama atau sudah dibuang :

http://malaysiansmustknowthetruth.blogspot.com/2021/08/business-planning.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+MalaysiansMustKnowTheTruth+%28Malaysians+Must+Know+the+TRUTH%29

Kempen Promosi dan Iklan
Kami memerlukan jasa baik anda untuk menyokong kempen pengiklanan dalam website kami. Serba sedikit anda telah membantu kami untuk mengekalkan servis percuma aggregating ini kepada semua.

Anda juga boleh memberikan sumbangan anda kepada kami dengan menghubungi kami di sini
Startup Vs Small Business

Startup Vs Small Business

papar berkaitan - pada 28/7/2021 - jumlah : 79 hits
Startup vs Small Business The Main Difference Although the difference between a startup and a small business is subjective it often comes down to the company s growth goals and revenue forecast Startups focus on disrupting markets and drivi...
5 Website Builders For Your Business

5 Website Builders For Your Business

papar berkaitan - pada 28/7/2021 - jumlah : 116 hits
5 Best Website Builders for Your Startup Business Creating a website nowadays is mandatory for all businesses as the competition is high and they need to get access to reach a broader customer Are you not amazed at how you can order an item...
Tianfu Stage Chengdu Merchants Urban Planning Exhibition Hall In The New District Of Tianfu

Tianfu Stage Chengdu Merchants Urban Planning Exhibition Hall In The New District Of Tianfu

papar berkaitan - pada 3/8/2021 - jumlah : 93 hits
Project Tianfu Stage Architects AAI Monster LAB Location Yazhou Road Tianfu Park Tianfu New District Chengdu City Sichuan China Area 97 058 sf Photographs by xf photography Tianfu Stage by AAI Monster LAB Definition Tianfu Stage Monster Lab...
Business Groups Seek Clarity On Regulations As Emergency Ordinances In Limbo

Business Groups Seek Clarity On Regulations As Emergency Ordinances In Limbo

papar berkaitan - pada 1/8/2021 - jumlah : 112 hits
A coalition of business groups has called on the government to provide clarity on regulations governing businesses during the Covid 19 pandemic This is as many are unclear about the status of offences and fines under the emergency ordinance...
16 Tips For Starting To Success In Your Own Business

16 Tips For Starting To Success In Your Own Business

papar berkaitan - pada 2/8/2021 - jumlah : 115 hits
Sorry you do not have permission to view this content This content is for members only please The post appeared first on
Second Nrc Meeting Chaired By Pm Discusses Need To Reopen Business Sector

Second Nrc Meeting Chaired By Pm Discusses Need To Reopen Business Sector

papar berkaitan - pada 7/8/2021 - jumlah : 97 hits
KUALA LUMPUR The second meeting of the National Recovery Council which was held Friday among others delved into the needs of the business sector especially the small and medium industries to reopen under stringent standard operating procedu...
Starting A Business In The Local Community

Starting A Business In The Local Community

papar berkaitan - pada 5/8/2021 - jumlah : 117 hits
Starting a Business in the Local Community 4 Tips for Success Small to midsize enterprises enhance local communities in several different ways as they stimulate economic growth keep money in the community and provide jobs to those who may b...
Kisah Staf Sorok Identiti Janji Temu Dengan Ceo Ini Barisan Pelakon Utama A Business Proposal

Kisah Staf Sorok Identiti Janji Temu Dengan Ceo Ini Barisan Pelakon Utama A Business Proposal

papar berkaitan - pada 3/8/2021 - jumlah : 109 hits
Akhirnya barisan pelakon utama drama A Business Proposal telah pun didedahkan Drama yang diadaptasi daripada novel web ini merupakan kisah komedi romantik mengenai kakitangan pejabat yang menyertai janji temu buta dengan CEO syarikatnya bag...
Digital Marketing A Sure Way To Market Your Business

Digital Marketing A Sure Way To Market Your Business

papar berkaitan - pada 8/8/2021 - jumlah : 123 hits
When you say it means reaching out to those consumers who you think will benefit more from your products Yes this sounds easy but the process can be complicated especially if you are after the quality of the result And at the same time what...
Bukan Ahli Silap Mata Tetapi Ong Kim Swee Janjikan Nafas Baru Buat Sabah

Magistrate Saved My Life Says Single Mum After Lock Up Ordeal

Another Selangor Forest At Risk Of Being Developed

Masya Allah Bijak Nya Dia Hairul Azreen Kongsi Telatah Alisa Aisyah Baca Alif Ba Ta Ramai Yang Ger4m

Dilema Kluster Katak Oh Katak Oh Katak Dimana Kamu Nak Tanding

Lelaki Ditemui Mati Dalam Kereta Terapung Di Kg Batu 7 Sandakan

Terkini Ya Allah Adikk Mninggai Ktika Sedang Mncari Rezeki Bawa Pelancong

Tak Mandi Situ Tapi Sungai Hulu Yam Baharu Tempat Buang Makhluk Halus



The Ultimate Descent Terjunan dari Puncak Gunung Everest Dengan Paragliding

Kalau Nak Tahu Selepas Kahwin Yusuf Bahrin Zizi Kirana Dedah Rahsia

Bolehkah Anda Menangkap Gambar Orang Lain Tanpa Kebenaran

Kisah Anak Penyanyi Legenda Frank Sinatra Diculik Penjenayah

Zizi Kirana Berkahwin Ini 10 Fakta Biodata Suaminya Yusuf Bahrin


Mayat Demi Mayat Tiba Tak Putus Putus Doktor Htar

Bulughul Maram Shalat Lukisan Di Arah Kiblat Saat Shalat Baiknya Dihindari

Nasihat Kewangan Untuk Orang Muda

Bella Poarch Build A Bitch Chord

Besar Pengorbanan Muhyiddin Hingga Jawatan Pm Dilepaskan Tajuddin

Irjen Napoleon Bakal Diperiksa Terkait Penganiayaan M Kece Besok