The annual business planning process should address three critical questions about your business:
- Where is the business now?
- Where do we want the business to be in the future?
- How are we going to marshal the resources we have, and which we can influence, to get there?
In this video I list four aspects of your business which you need to consider during the annual business planning process – Operational, Financial, Risks, People management – and drill down a little into some issues you should cover under each of those four elements.