Showing posts with label business strategy. Show all posts
Showing posts with label business strategy. Show all posts

Monday, 6 July 2009

Having a business plan, is key to ensuring that your business ends up being how you want it to be

Are you a small business struggling to complete a business plan in order to run your business or required by your bank as a condition of a loan?

Or maybe you are a larger, mature business looking for some help with some strategic business planning?

You wouldn’t try and climb a mountain without being prepared (map, compass, equipment, food drink, etc) so why would you start or run a business without knowing where you are going?
Whatever your planning need – you have come to the right place!

What does a business plan do?

* Gets the ideas from your head onto paper
* Gives you clarity and focus for your business
* Allows you to budget and manage your cash flow
* Helps you identify your products, services and the market

What’s in a business plan?

* Vision – your future aspirations
* Mission – what you do for your clients
* Objectives – defined targets for your business
* Strategies – how are you going to get there
* Plans & Actions – what you are going to do to successfully achieve it

A working business plan need not cost the earth or take weeks to develop. The UKBA™ can do this interactively with the business owner in less than a day at a cost of £600 or less! - This is less than you would pay for a plumber or for a garage to repair your car and is certainly more cost effective than your accountant!

Find out more about business planning: http://ukba.co.uk/index.php?option=com_content&task=view&id=25&Itemid=40

www.ukba.co.uk

Sunday, 1 March 2009

Recession Insights - Planning & Strategy

The message is clear. Businesses that review their business plans monthly are most likely to be riding the economic storm. According to our research, they are 42% more likely to be unaffected or booming during the slowdown. Businesses who are confident about the future are also three times more likely to have had a strategy in place for a worsened economic climate than those who fear for their survival.

One in twenty SMEs admitted that they don’t really have a business plan of any description (never mind a revised strategy for a global slowdown) while 17% said that their business plan only gets reviewed and revised once a year. At the root of this problem is the fact that 62% of all SMEs have never had to face a slowdown before. They never really needed a plan when times were good, and never anticipated that they would need one for the future. Six out of ten SMEs did not have a plan or strategy in place for a worsened economic climate.

A worrying trend for the wider economy, and indeed the future, is that the ‘young guns’ who have thrived for the past decade or more through good economic conditions were least likely to have put a strategy in place for bleaker times. Two thirds did not have a plan ready for harsher times, compared to 40% of 55 year olds, who by virtue of their age and experience, have seen something similar (if even vaguely) before. The younger working nation have much to learn from mentors of previous slowdowns and recession.


Extract from: A Guide To Plain Sailing Through The Recession - Plantronics - www.plantronics.com.

The full guide can be downloaded here: http://www.sme-guide.co.uk/

www.ukba.co.uk