Planning for Business Improvement
Every business should have a plan - whether it is to open another office or float on the stock exchange.
The results specified in the plan are why you are in business. Having a plan helps you to define the actions you need to prioritise and, if used to focus the whole business, will help you involve and motivate key members of staff.
A business plan is a written statement of where your business is going, what you want to achieve and how you will do it. It should outline the structure of your business, the products or services, the customers, the growth potential and the financial indicators. As well as containing vital information about your business, it should also inspire you for the future.
The process of business planning outlined in this workshop enables you to work out how to continuously improve the success of your business. It can save you from failure by rehearsing how to avoid the pitfalls along the way. The plan outlines realistic targets that act as a magnet to attract success and you still remain flexible enough to adapt and make changes. By setting out your targets, the capabilities your organization needs can be identified and developed so that the goals become achievable. The plan allows you to monitor progress and get the business back on track quickly if anything goes wrong.
Key Outcomes
- Understand the purpose of developing a plan
- Build the sections of a Business Plan and identify key business improvements
- Create a communication plan to gain commitment from key people
- Devise a linked Development Plan including key skills for the future
- Develop your process for reviewing and updating the Business Plan alongside the Development Plan
"I believe we have finally found a way of achieving business planning that works"
(Sales Manager)