Okay so, one of the biggest topics in the realm of business is strategic business planning. Still, it’s often hard to define, as there is so much information out there on the topic. Do you doubt that last statement? Well, you shouldn’t, in fact just search the topic on Yahoo and see for yourself – endless advice, information, books, articles, and expert consultants ready to serve you with your; strategic planning efforts. Let’s talk.
You see, if you run a small business you do need to be constantly revising your business plans, and you need to make it an on-going planning process. Some free-wheeling entrepreneurs actually run their businesses without much planning, it’s all in their heads, but as the business gets bigger, with more variables, and an abundance of litigation risk, and over regulation – it quickly becomes difficult to plan properly if you try to do it all in your head. Further, I would suggest that you prepare at minimum the following;
5-Year Organizational Plan