Business planning

Preparing a road map for your business

It is often said that, "Failing to plan is planning to fail." As a business owner you have no doubt been reminded on more than one occasion of the importance of business planning. And no doubt you agree that planning is important. And yet in all probability you rarely seem to find the time to sit down and develop strategic plans but end up flying by the seat of your pants, trusting your intuitions and relying on snap judgments rather than adhering to a pre-arranged strategy. Not that we would deprecate such intuitions.

Experience has taught us that it is precisely this 'sixth sense' that many business owners and managers seem to possess that is the driving force behind entrepreneurship - and we have learned to take it seriously. But the planning is important. Without sound analysis, clear projections, and well-thought out contingencies, businesses tend to become hostages to fortune. Proactive management is replaced by reactive coping, and instead of following a well-thought-out plan, owners and managers are reduced to responding to unforeseen events, or trying to catch up on missed opportunities.

This is why we encourage our clients to schedule regular planning sessions. We can help you:

Formulate and implement long-term strategic goals
Set concrete operational objectives
Monitor performance and adjust plans accordingly

Our Business Management guides are designed to equip you with an understanding of some of the important issues which face all business owners today, and how we can help deliver effective advice.

Also explore the Detailed Financial Planning Guide for Business Owners, which illustrates how Knowles Warwick believes proper tax and financial planning can lower and defer the tax you pay, freeing up cash for investment, business or personal purposes.