Let me start by saying that all small businesses must prepare business plans every year.
A business that does not plan surely plans to fail – the statistics spell it out.
A business plan gives every business a clear direction that can be used as a measure to make major decisions. A business plan establishes a series of goals – from short-term to long-term – that build on each other toward building the business you want to end up proud of owning.
A business plan removes everyday stress of not knowing what’s the right thing to do next and creates a series of action plans that prioritise what you have to do.
Running a business without a business plan is like going out for a drive without knowing where you are going. Depending on the circumstances it might be enjoyable just to get out for some fresh air, but ultimately pointless.
If you don’t want to run a pointless business, you need a plan.
However, here we are in June, the traditional time to write next year’s plan, and the COVID-19 situation is creating issues for planners.
How do you get your planning done in the middle of this?