Every small business should have a number of plans. It is simply a must - you cannot and should not operate your business in reactive mode all the time. You need to set a direction and work to a schedule. Things might change, but unless you have set a plan into place, it costs too much in time, money and efficiency to simply react to changes.
Plans need not be massive documents. All plans, however they look and whatever detail they end up in, should set the end point of where you want to go and some strategy or steps that you will take to get there.
At the least, and to some degree, every business needs a business plan, a marketing plan, and a tax plan. What a great time to plan ahead at the end of the financial year.
Here are the facts behind each of these plans. (more…)...
Read more
Small Businesses Should Plan
