Business plans don't need to be weighty documents, but they do need to be:

• referenced regularly,
• shared with others, and 
• pressure tested.

The following graphic illustrates the 3 fundamental components of an annual business planning process:

If you would like help creating an annual business plan for your enterprise, contact the JPAbusiness team on 02 6360 0360 for a confidential, initial discussion.

You can also download some of the free business planning resources from our online Resource Library:

James Price has over 30 years' experience in providing strategic, commercial and financial advice to Australian and international business clients. James' blogs provide business advice for aspiring and current small to mid-sized business owners, operators and managers.