Did you have a business plan in 2009 or if you had, have you looked at your 2009 business plan throughout the year to see if your goals and strategies were on track? If you are like most businesses, chances are that 2009 have been a very challenging year implementing those goals and strategies. When things are not going quite the way you wanted to be, you must change your goals or strategies or both, and write them down.
One reason why you need your 2010 plan now is to adjust your goals, strategies, and actions based upon current and anticipated future economy to make sure that you are doing the right activities for the success of your company. Perhaps the activities you need are to find ways to cut down on your expenses or find a new way to get the word out about your business. Unless you write them down now, even though you might know them in your head, achieving them would be more difficult than when you have it written. Studies have shown that goals and plans that are written down have ten times the likelihood to be achieved than when it’s not.
Second reason why you need your 2010 plan now is when you sit down to write a plan, new ideas and goals might “pop” into your head that you might not have thought before. These new ideas might be just what you need to get you “head of the game” in 2010 against your competitions. Remember, a business plan is a “living” plan, which means if the plan does not fit the business any more, you must rewrite to fit the business. A well-written business plan will not only get you funding when you needed it but it will help you achieve your goals and objectives faster. Well-written business plans start with mission and vision, then goals and objectives, then strategies, and actions. We, here at CFO Wise, can guide you and help you write that business plan that fit your needs to make your business wildly successful




Henry,
Great points. Perhaps 2010 will be the year a written business plan will be the most valuable. Thanks!
Ken K