This guide will show how you can turn your business plan from a static document into a dynamic template that will help your business both survive and thrive.
Most potential investors will want to see a business plan before they consider funding your business.
However complex it turns out to be, the individual business unit plan needs to be easily understood by the people whose job it is to make it work.
They also need to be clear on how their plan fits in with that of the wider organisation.
If you regularly assess your performance against the plans and targets you have set, you are more likely to meet your objectives.
It can also signpost where and why you're going astray.
Your business plan should include a summary of what your business does, how it has developed and where you want it to go.
In particular, it should cover your strategy for improving your existing sales and processes to achieve the growth you desire.
Many businesses choose to assess progress every three or six months.
The assessment will also help you in discussions with banks, investors and even potential buyers of your business.