Growing and reviewing your business
The New Year is a great time to sit down and reflect on the past year and consider your plans for the year ahead, take stock of what has worked and what has not.
You may have a business plan, but when did you last review it? Are you on target to achieve your goals or is it time to set new ones?
Strategy planning
Strategic planning helps you to put your vision into achievable objectives and milestones, identifying your key objectives, review your budgets and cash flow management. But remember the words of Albert Einstein, “Everything should be made as simple as possible – but not simpler.” Businesses need a strategy to succeed, but it shouldn’t be complicated. The very best strategic plans are 1 page of A4.
SWOT
Your plan should include the strengths, weaknesses, opportunities and threats of the business, the company’s core values and mission.
Once you have finalised your plan, ensure that you communicate it effectively so that everyone in the business understands what the objectives of the business are and what they need to do to achieve the overall goal of growing the business.
We can provide support
Leonherman offer business planning and financial forecasting services to businesses that are looking towards the future and want to plan how they can grow and develop.
Get in touch if this could benefit you – partners@leonherman.co.uk
