Does Planning Help Your Performance?
Business is Similar to a game of Chess – Planning ahead WILL and DOES Help with your Performance.
Planning can help your Business grow 30% faster
Research on business growth found that planning improved business performance.
However this study still doesn’t answer the question it raises:
Why would planning help a business that has a few years of history more than one that is just starting up?
The answer most likely lies in the fact that existing businesses know a bit more about their customers and what their needs are than a new start-up does. For an existing business, planning involves fewer guesses or assumptions that need to be proven, so the strategies they develop are based on more information.
Action: Carve out some time to set goals and build a plan for your business. More importantly, re-visit your plan as you grow and revise it as you learn more about your business and your customers.
Business planning is not an activity you undertake only when you’re getting your business up and running or for finance. It should be something you return to, time and time again, to revise and improve upon based on new knowledge.