In this segment of Build Your Business Radio, Barbara Weltman and I talk about how business planning can help your business, whether you need a plan to show to investors, or to the bank, or simply for your own use.
Some of the key points include:
Planning is a regular process to help us manage our business. Don’t fixate on the document. Expect it to change and use the planning process to manage that change.
Businesses benefit from planning whether they “need” a plan or not. It’s about managing and steering your business.
You don’t have to have a formal full business plan before you get going with planning. Do what you need, and use it. Write it down, and keep it where you can find it and use it. Maybe that’s on a computer.
At the end of the segment we talk about my new book, The Plan-As-You-Go Business Plan, which is now — just this week — in stock at amazon.com.