My work is advising small businesses on growth strategies.
Most of these small businesses turn over several hundred thousand dollars to 4 or 5 million dollars in sales and employ anything from zero to 10 or 20 people.
They are not huge.
At this size, they don’t have a lot of spare capacity and they tell me that while they want to get organised, while they want to plan ahead and be clear about their business direction, while they understand how a business plan can clarify their daily confusion about what to do next, they are worried they don’t have the time and capacity to take on the task of business planning.
So the obvious question I’m asked is how much time do you need to prepare your own business plan?