What to put in an Annual Business Plan [video]

Posted by James Price | JPAbusiness on 19-Jan-2022 06:00:00

In this video I list four components of an annual business plan and drill down a little into some of the business issues you should cover under each of those four elements.

An annual business plan should encompass three core concepts:

  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?
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Topics: Business Planning, Video, strategic planning, annual business plan, business plan, strategic plan

How to plan when you're not a natural planner [cheat sheet]

Posted by James Price | JPAbusiness on 22-Sep-2021 02:00:00

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:

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Topics: Business Planning, cheat sheet, business management, running a business, strategic planning, business plan

How to create a business plan

Posted by James Price | JPAbusiness on 23-Jun-2021 02:00:00

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
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Topics: Business Planning, Template, Video, Succession planning, strategic planning, annual business plan, business plan

Create an Annual Business Plan with our free template

Posted by James Price | JPAbusiness on 05-Feb-2020 02:00:00

Business planning is about making your business as robust as possible, so it can take advantage of opportunities and also successfully withstand inevitable shocks.

Annual business plans don’t have to be weighty documents, but they do need to contain some key information, with the most important being:

  • frank and honest appraisal of resources
  • analysis of your competitive environment
  • SWOT analysis
  • targets
  • budget.
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Topics: Business Planning, Template, annual business plan, business plan

How often should I review my business plans? [video]

Posted by James Price | JPAbusiness on 08-Aug-2018 02:00:00

In this video I give my view on how often you should review your business plans and, importantly, who they need to be shared with.

Sharing a plan with your team will:

  • ensure goal alignment
  • help create a positive and participative business culture
  • test the plan by exposing it to fresh eyes.

As we always say, a good plan is a shared plan.

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Topics: Business Planning, Video, strategic planning, business plan

What to include in an Annual Business Plan [video]

Posted by James Price | JPAbusiness on 25-Jul-2018 02:00:00

In this video I list four components of an annual business plan and drill down a little into some of the business issues you should cover under each of those four elements.

An annual business plan should encompass three core concepts:

  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?
Continue reading...

Topics: Business Planning, Video, strategic planning, annual business plan, business plan, strategic plan

4 components of a Strategic Plan [video]

Posted by James Price | JPAbusiness on 11-Jul-2018 02:00:00

A business' Strategic Plan establishes its strategic direction and will usually cover a period of one to five years.

I like a Strategic Plan to focus on a period of three years because, in today’s volatile world, things get a little hazy after three years.

In this video I list four key components of a Strategic Plan.

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Topics: Business Planning, strategic planning, business strategy, business plan

Why does my business need a plan? [video]

Posted by James Price | JPAbusiness on 04-Jul-2018 02:00:00

As a business owner or senior manager, you can’t plan for every eventuality, but you can plan to withstand shocks. 

In this video I explain that business plans don't have to be excessively large or detailed, but they do need to exist in order to demonstrate your commitment to your business goals.

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Topics: Business Planning, Video, business plan

 
Disclaimer: The information contained in this blog is general in nature and should not be taken as personal, professional advice. Readers should make their own inquiries and obtain independent, professional advice before making any decisions, taking any action or relying on any information in this blog. 
 
 

 

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