Why Create an Annual Plan?
Can you imagine going on a road trip without knowing your destination? Or, building your house without plans? The same can be said about running your business without a plan.
They say that If you dont know where you are going, any road will do. But if you dont know where you are going how do you know when you get there? Or if the road you are on is the right road or the scenic, roundabout route?
Planning is essential if you have somewhere to go. If you want to grow your business, if you want to have more free time, if you want to introduce a new product, if you want to enter a new market.
You dont need to plan if you have reached your destination, if your business is all you hoped it would be. BUT have you considered that the world is changing pretty rapidly these days. Even if you are happy with what you have, your environment is changing, which, if you like it or not, is going to change your business. Therefore, we come back again to the need to plan.
What planning is NOT:
What is annual planning?
A well structured plan will also have the ability to be used as an effective monthly reporting tool by managers. It becomes the common language.
Planning is not only for whole businesses but also for business teams, divisions, projects and even individuals.
Planning brings about focus and clarity of what is to be achieved. Equally when done effectively, planning brings about alignment between team members and people become accountable for completion of their goals.
Planning brings about business success and bottom line results.
GRAEME NICHOL, President, Arcturus Advisors.
http://www.arcturusadvisors.com/
Graeme Nichol has worked on 4 continents and in 117 unique businesses gaining experience in manufacturing, transportation, agriculture, communications, banking, direct marketing, consumer goods and retail amongst others. He has significant management experience and consulting experience, including Business strategy, project management, change management, big six consulting, team productivity, business productivity and quality improvement, ERP implementations.
Arcturus Advisors works with businesses and teams that are struggling to formulate a strategic plan that delivers bottom line results. Using tried and tested planning systems that have achieved results internationally for 20 years we ensure that you transform your business through focus, alignment and accountability.
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