June 2, 2016
If you do not have a business plan then that’s not necessarily a surprise to us. Over the years The Profit Key have helped numerous businesses like yours grow but the single most effective way of achieving growth is often via the introduction of a carefully researched and effectively implemented business plan.
Businesses can and have been successful without a business plan but to reach their full potential a business plan is vital. If your business has no plan or it sits on a dusty shelf (only put together to satisfy the bank) then its unlikely to be of any use to you.
The very process of clarifying your ideas, spotting potential problems and setting out your business goals is in itself a valuable process. If the business plan then drives action and change within your business it now becomes an incredibly valuable tool. Business plans can and should be in constant use and must develop to suit the changing business landscape. A strong Business Plan allows precise measurement against set targets, drives change and creates an atmosphere of having positive goals and objective you can aspire to. If your business sometimes seems like it has a mind of it’s own then you may be in need of a Business Plan to bring some sanity and control back.
Research done by the Centre for Economic Business Research believe over 25% of SME’s in the UK are risking their business finances by not following a business plan.
This could be costing UK small business £25 billion in 2016 alone!
On the flip side over half of the UK’s best performing SME’s are working to a detailed business plan and fully expect to show an increase in revenue growth this year.
British business is at it’s best when it has a plan and The Profit Key can help make this plan deliver growth for your business. We’d be delighted to chat about your business and help you put together a plan to help you achieve your goals.