It’s the start of a new year soon, so to all my readers old and new – Happy New Year!
And in the new year, after we have all recovered from those annual excesses that we always say we will avoid, we will come to the realisation that we really ought to do some planning and goal-setting for the year ahead.
Ultimately the secret of your success is to make your business grow year by year.
It is an old adage: “businesses don’t plan to fail, they fail to plan”. Time and time again surveys show that fewer than 3% to 7% of small and medium businesses that fail have ever done any business planning.
The start of a new year is the best time to start a business plan. You can “close the books” and think about new initiatives and ideas about your business. It is the business equivalent of making your New Year resolutions, but with a better process that can lead to follow-through and organized action.