31
Aug
2021

Why You Need a Plan for Your Business

August 31st, 2021 | in Strategy

If you have your own business, there are some common mistakes that may be leaving you tired and frustrated. Does that sound like you? One of these common mistakes that is easy to fix is moving forward without a clear plan for your business. It is never too late to create a plan for your business even if you did not start with one. Every business and business owner will benefit from a business plan.

JigBlogDreamPlan.jpgHere are some advantages of growing with a plan:


Planning Ahead


Without a clear plan, you will be reacting to vagaries in the market instead of being proactive. When you have a plan, you can have some idea what to expect in coming months or seasons and be prepared for it. Instead of feeling like you’re on a rollercoaster, you will be anticipating the highs and lows ahead.


Everyone Working Together


It’s important that everyone one your team works together. Without a plan, your team members can be working at cross purposes. Does that sound familiar? Only with a clear map of what you’re doing and where you’re going can your staff know exactly what is expected of them.


Gauging Achievements


The business plan lets you set milestones and then gauge how you’re doing. Maybe you are achieving milestones faster than planned and you need to reach higher.


Strategy


A business plan is a strategic tool. If you do not have a clear plan, then your customers will not have a clear understanding of what your business is about. The plan will help you, not just plan for the future, but also to refine marketing efforts and clarify your message on every level.


Whether you started your business with a business plan or not, it’s important to work from a plan as you grow and move forward. The business plan puts everyone on the same page, helps you manage the ups and downs, and gives you milestones to gauge your achievements.


At Jigsaw Performance, we feel strongly that a business plan will solve a lot of problems and help your business move forward with a strategic purpose.


Sources:

https://www.sbdc.duq.edu/Blog-Item-The-Importance-of-a-Business-Plan

https://www.sba.gov/blog/5-reasons-you-need-business-plan

https://www.toptal.com/finance/business-plan-consultants/importance-of-business-plan


Jigsaw helps small & medium-sized business owners succeed by focusing on the highest impact opportunities to build their businesses, while staying true to their life's ambitions - building sustainable businesses that works for their lives, rather than competing with them.   If you have any questions about this article or would like to talk to us about your business or enroll in one of our workshops or retreats, we encourage you to contact us at (778) 998-9845.


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