A respected Lecturer writing in the Harvard Business Review proposes that all aspiring entrepreneurs need to do is to focus on knowing their customers and testing their hypotheses to ensure business success. In the experience of Pro-actions however,  most business owners are not at the leading edge of entrepreneurship. The Business Plan may be the boring side of Entrepreneurship, but it is the sure-fire route to success for us ‘lesser mortals’! The demands of running any enterprise can mean that some of the basic disciplines are sometimes over looked.
Development of a profitable business is an achievable goal but it requires a well-considered strategy. Preparation for the air vacation is actually the beginning of the trip, because when you start planning, it gives you a thrill of anticipation. If you’re anything like me, a brand new year makes me do two things: look back at the past year and look forward to the months ahead.
Life, as we all know, has a tendency to plot a different course than the one we’ve planned. So, I start off by looking at what I wrote last year and answering these questions: did I accomplish everything I set out to do?
So, for instance, you’ll plan your new equipment purchases and upgrades, plan and detail any custom build needs, puzzle out any changes to your marketing materials and plans, and list and prioritize any vehicle repairs, replacements or maintenance. Plan to tie up any unfinished business from last year, if (and ONLY if) those plans still apply.

By figuring out where you started a year ago (and yes, you’re allowed to look back two, three or even more years), and making the comparison to where you stand now, your strengths and weaknesses become crystal clear. So, for instance, if you’ve been neglecting your equipment replacement cycle because you put too much emphasis on that cool new facade or custom case configuration, you have been alerted, and now know what to focus on in 2013. The goal is to advance, not by great leaps and bounds, but in a steady, controlled pace that you can afford in both time and money.
Naturally, the categories you’ve set up for your business plan might be very different, and hopefully this doesn’t seem all ethereal and vague, like the stuff the so-called “motivational” speakers espouse. Spotting weaknesses through data is much better than spotting them when something goes wrong in the real world.
A new year always promises a fresh start, and another cool thing I like to do is shake-off any left-over angst from the previous year.
Financial planning is a very important element in determining one’s success in attaining financial security, growth and wealth whether it is personal or business related. Building a product or service, and undertaking market research to test their theories about business challenges. It should be a living document that generally projects 3-5 years ahead and outlines the route a company intends to take to grow revenues.
The Growth Accelerator Hyper Growth Insights Study 2014 found that 96% of the companies experiencing significant growth had planned for it in the prior year; 88% reviewed the plan in year regularly and as a result 64% met or exceed their targets! This applies just as much to large corporations but can be especially true in an SME where the hard pressed owner is often wearing many hats.

Try CentriQS complete task management solution for planning, tracking and reporting tasks, projects, and schedules. The strategic business planning allows to keep you r business stable, manage risks and prevent failure.
In order to make great progress, you must be able to keep track of your cash and measure your progress. Decide where you want to be in your career, finances, and investment in the short term and long term. By establishing these figures, you can determine your financial position and make forecast for the future according to your goals. He suggests that entrepreneurs will learn from their failures and grasp the true meaning of pivoting or changing to meet the needs of the market. Increase productivity of your small business or office by better organizing your employees' tasks and time. Use the checklist for strategic business planning to wisely assign funds and provide stable development.

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