What Does Your Business Scoreboard Say?

What Does Your Business Scoreboard Say?

Take the time every month to review your business plan. Most business owners spend time and money at the beginning of each year putting together a business plan for the rest of the year. They then get caught up in the day to day activities of running their business while their business plan lays forgotten somewhere inside a drawer.

Your business plan is a fundamental tool that can help you to achieve your business’s goals. It doesn’t need to be 100 pages long to be effective. While a comprehensive plan is great, I would rather see you have a 20 page plan focusing on implementation and financials than not one at all. If you are not sure what to include in your financials don’t guess. Speak with your accountant or business consultant. Go over your plan with them. Consider whether your figures are realistic and achievable.

When it comes to the implementation section you may need to include some or all of the following: