Effective Business Planning
Over the past 4 years or so the business world has been turned on its head. No one could have predicted the Covid pandemic and the implications that flowed from it. More recently supply lines have been majorly affected and migration flows have gone from famine to feast. In this type of environment putting a business plan together seems in many ways like a waste of time. When I look at some of the traditional business planning models used, I would tend to agree.
In my opinion it comes down to the type of business plan that is produced and the length of time taken to produce it. Many business plans are a waste of time because they are too long, too “corporate”, don’t motivate staff and are not connected to the day-to-day operations of the business. Learn how to put a simple and effective business plan together here.