There is no such thing as a boiler plate business plan, nor, for that matter a business plan that is completed by a business owner himself. They may be called business plans, but in the long run they serve no useful purpose other than to have the business owner say, “Yes, I have a business plan”.
I have spent over 25 years facilitating the creation of personalized, value based, strategic focus plans. In those years I found that the level of success a company has is directly proportional to the type of plan they have, how it is developed and how it is “groomed” and used over the life of the business.
When working with a new, existing business client, I ask for the following information:
- A copy of the business plan, if one exists
- If no business plan exists, why don’t you have one?
- When is the last time you looked at your business plan?
- When was your business plan updated last?
- Do you have a list of company goals and projected achievement dates?
- Are your goals prioritized?
- Do you have written mini plans with time factors for completion and how are you holding yourself accountable for achieving those goals?
Answer these questions for your own business. If one of those answers is not positive, then it’s time to stop and work on your business instead of in your business. The building block for a successful business is a good business plan, yet, in my experience, most businesses do not have a business plan or a workable business plan.
This short blog contains, perhaps the most important advice that I can share with any business.
Requesting help is not a sign of weakness, but of strength. A call to Strategic Duck and asking for help is a healthy sign.
Nick J Petra – Certified Financial Planner – specializing in business planning, consulting and coaching
Make it a Successful Today!