What’s the point of a business plan?
If you ask any business advisor, they will say it is important for all small businesses to recognize the value of a well-thought-out business plan.
There are numerous benefits a business plan can provide:
Clarity and Direction
A business plan helps articulate the business’s goals, strategies and operations, providing a clear roadmap for the future.
A business plan encourages careful consideration of potential challenges and opportunities, leading to better-informed decisions.
A well-structured plan can effectively communicate the business’s vision and mission to stakeholders, including employees, investors and partners.
Many investors and lenders require a business plan as part of their evaluation process, making it crucial for securing external funding.
Through market and competitive analysis, a business plan helps identify potential risks and provides strategies for mitigating them.
While the level of detail in a business plan might vary based on the size and nature of the business, having some form of documented strategy and direction is essential for long-term success.
The plan doesn’t have to conform to any set format, although there are millions of varieties available for you when you Google.
There are many simplified or lean business plan formats available for small businesses, to help focus on the most critical elements while still providing guidance and structure.
Here at Sayers Solutions, we have devised a simplified format, to help you to look at your business from the different perspectives needed to create a plan.
Sayers Solutions is offering
to help you review your business plan
(or start you thinking about creating one for your business if you don’t already have one).
Finishing quarter 3, we have set ourselves a challenge at Sayers Solutions, to speak to as many businesses we can about their plans for their business.
We are offering complementary initial sessions and have a range of further options available if you want to continue the discussion.
If you want more than the free initial session, you can
- Book 121 consultation and coaching sessions,
- Join peer support sessions and Whatsapp / Facebook Group,
- Receive worksheets and homework to explore highlighted areas,
- Receive email support and guidance.
Times are tough.
We are still recovering from Global unprecedented times, which has completely changed how we live and work.
We have faced a cost of living and doing business crisis, and the horizons are still unsure.
When was the last time you reviewed and documented these external influences, taking into account the affect they will have invariably had on your business?
It’s too easy to jump in and just get on with it. And in honesty, at Sayers Solutions, we believe this is the only way that you can move forwards. However, whilst doing so you need to be reviewing your options and results and making changes where necessary.
Sayers Solutions is offering an extra eye on your plans.
Perhaps this will simply provide reassurance and confidence that you are heading in the right direction. However we are likely to also make recommendations and suggestions, if you permit us/ Perhaps bringing a different perspective or making you aware of things you might not have thought about.
There may be occasions where we challenge your plan, but that doesn’t mean it is wrong, we might just be helping you to clarify your position and explore further.
If you are interested in finding out more, please complete your details on the form on the next page and we’ll get in touch.
For those of you who want a starting point, we also offer a freebie review document to help you thrash out some thoughts, or challenge what you already believe.