They say that failing to plan is planning to fail and this has never been truer than in business. An organisations success is closely linked to its business vision, strategy and planning.
Benefits of business planning:
Goddards Accountants can help your company create a working business plan and strategy that will assist you in reaching key goals and protecting your business's future.For more information including how to book a free half hour consultation contact us today on 020 8941 2187
Business Strategy and Business Vision
It is important to understand the difference between your business strategy and business vision.
Your business strategy
is what your company is going to do, while your business vision is why your company is going to do it.
By communicating your business vision
throughout your organisation you will create greater impetus towards achieve key company objectives.
The first step in business planning and strategy is to clarify and reach consensus on your business objectives. Once agreed, the business objectives can be converted into practical plans.
Your business plans
should cover the provision and application of resources plus the measurement of performance. The business plans should also anticipate alternative scenarios that could deflect the company from its chosen course and help your business to be proactive, rather than reactive to events.
All too often, once written, business plans are consigned to the filing cabinet and seldom see the light of day again. The business plan
should, in fact, be a 'living' document that is continually reviewed and updated. These plans are often required by banks, investors and other sources of funding.