Develop a Business Plan Today

By |April 29th, 2015|Uncategorized|

A strategic plan is the ‘where’ of the planning process - where you plan to be at some point in the future. The ‘how’ is the business plan - how you are going to achieve the 'where' of the strategic plan. The business plan usually focuses on a 12 to 18 month period, setting out in operational terms what must be done. Again, the planning process and the commitment to it are the keys. Here are the main steps in the business-planning process... 1. Consider adopting a strategic approach. A useful strategic approach to adopt in drafting a business plan is to see the plan as comprising three main sections - the NOW analysis, the WHERE analysis, and the HOW elements of the plan… The NOW analysis outlines where the organisation is now and would consist of a business diagnostic or situational analysis. The WHERE analysis contains essential information linking [...]