Business Planning - a thought

Business Support for Small & Medium size Companies

So many questions - So many things to do....

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Business Planning - a thought

Business plan, strategic plan wherefore art thou plans ?

Many people perceive a business plan as something you do prior to starting a business, but business plans can be an effective way to review progress and plan on a rolling basis.

Business planning does not mean that everything can be pre-planned and made to work simply by watching the clock - you need to make sure you have your ingredients (your business data, data on your sector, where you would like to be in, say 3 years, staffing, money, the wider economy etc) before you even begin.

Reviewing what you have achieved, how it was all done and then planning what you will need to do during your continuing journey really is quite exciting.

You will speak to your business partners, staff, accountant, suppliers, maybe even some of your competitors and from all the inputs you receive, you will start to think about what was good, what was bad, what you would repeat, what sounds good and is worth a shot, how you should be complying with more regulations and so on.

Even when you have compiled and completed a formal plan as time progresses the plan may well need to be adapted and revised - review your plan regularly - so that you can be flexible and adapt to internal and external influences on your business.

The web is full of advice on business plans, how to make a good one, the people that can do it for you, implement it and make you millions !! However, not as many of the sites remind you that you have a business to run at the same time - so how can you do this and still be guided by your plan ?

Well, if you have read this far then perhaps at least you have thought about the future of your business and that really is the first step to planning.

So you see, business planning is not as bad or as hard as it may first appear!

At Delphi Management we have assisted owners to fulfil their plans by working with them to manage the change elements such as HR policies, management accounts, IT infrastructure, control mechanisms thus allowing the owners to concentrate on their main focus which is normally winning work and maintaining healthy customer relationships.

If you would like an informal meeting to discuss your business then please contact us by phone on 0208 440 1669 or by completing our online form.

"No man ever steps in the same river twice, for it is not the same river and he is not the same man." Heraclitus