The Business that fails to plan, plans to fail…
Why are you doing what you are doing?
Hopefully you are doing something that you love – whether mending chandeliers, plumbing, taking photographs, making curtains, planning events or… the list of what sole traders and small businesses actually deliver is endless and constantly surprises us.
You may be a mum who is working around small children and haven’t been able to find employment that appeals to you.
You may have lost your job and had to improvise, or you may have decided to branch out on your own.
Whether you fell into it by accident, necessity or design, the one thing that every business needs is a Business Plan.
A good business plan will tell you what you are doing, why you are doing it, where you want to go, and how you are going to get there.
It’s all about finding your niche and creating your unique proposition. It is a myth that only start-ups need to have a business plan
Business plans are always wrong
No matter what stage your business is at you should review progress and look at your strategy every year.
Planning puts you in charge of your business so you’re no longer just reacting to events as they happen.
You have to constantly look at what’s working and what isn’t. Things that you’ve been doing may work for a few months and then they stop working; you may need to find new ways to achieve your goals.
Make multiple, small improvements
By setting targets and making positive changes, you will see a tangible benefit in terms of profits.
Like doing what you’re doing and don’t want to grow?
Arguably it’s impossible for businesses to stay standing still. If you don’t do any planning, you will go backwards.
You have to constantly review what you’re doing and what your customers want just to stay in business.
Consider this: don’t call it business planning, call it “managing your business.”
Talk to us about some of the ways we can help you to manage your business so that you can keep on enjoying doing what you do best.