Why is Business Planning Important? [news]
Setting out to build or grow your business without a business plan is like switching on the ignition and driving out your driveway without knowing where you are going, or how you plan to get there.
Business planning helps you define an agreed route-map for your business. It identifies your key objectives for the next three-to-five years and how they will be achieved. A business plan gives directions and timelines in which to achieve your goals, and provides a guideline for your day-to-day operations and decisions.