JPAbusiness

If you’ve been reading my blogs for a while now, you know I love a well-written business plan.

I encourage my business advisory clients to write things down, even in a summary sense, because it’s a good way of pressure testing your objectives and communicating them to your team.

Despite my penchant for written plans, I do know successful business owners who don’t write things down and still manage to be supreme at operational and business planning.

They do, however, employ a number of other important techniques, some of which we’ve summarised in the following cheat sheet:

Topics: Business Planning, Succession planning, business advice, Business advisor, business management, growth strategies, James Price, strategic planning, JPAbusiness, annual business plan, Parramatta, Central West NSW, business plan

Business plans don’t have to be lengthy documents, but they do – in our opinion – need to be written down: if you haven’t written it down, you haven’t committed to it.

This short video series covers some key concepts related to business planning, including:

• Why does my business need a plan?
• How often should I review my business plans?
• What to include in a Strategic Plan
• What to include in an Annual Business Plan

Topics: Business Planning, Template, Video, Succession planning, business advice, Business advisor, James Price, strategic planning, JPAbusiness, annual business plan, Central West NSW, business plan

The annual business planning process should address three critical questions about your business:

1. Where is the business now?
2. Where do we want the business to be in the future?
3. 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.

Topics: Business Planning, Video, business advice, Business advisor, James Price, strategic planning, annual business plan, Parramatta, Orange NSW

You can’t plan for every eventuality, but you can plan to withstand shocks. Having a business plan and following our 3-Step Annual Business Plan Process will help you make your business as robust as possible, should such a shock occur.

Planning is about influencing the things you can influence, while taking account of the things you can’t. The latter are risks or opportunities that may or may never eventuate.

By changing the things you can change, you can position yourself to take advantage of opportunities should they arise, or mitigate risks that might flow.

Topics: Advice, Business Planning, Running your business, Template, Business advisor, annual business plan