Why are we not planning? (a.k.a excuses)

The importance of Planning

• Business Planning is vital to the

ongoing success of a business.

• Advantages of a business plan:

Increase performance of the

business

Clearer and easier to managed

business objectives & goals

Plan and manage financials

better

Increase flexibility when

handling problems

Success principles

1. Know your Outcome

2. Take Massive Action

3. Sensory Acuity

4. Behavioural Flexibility

5. Physiology and Psychology of

Excellence

S.M.A.R.T. goals

Specific: what, where, how?

Measurable: from and to when?

Achievable: can it be done?

Realistic: feasible?

Timely : when?

Making a Business Plan

Factors to consider when

making a Business Plan:

• Business Overview

• Products & Services

• Market Analysis

• Marketing Strategy

• Business Structure

• Finances

1. Review your business plan regularly

2. Use it to control your activities.

3. List the key tasks, by whom and by when.

4. Simple tasks.

5. If you don’t achieve a task, reschedule it, but if it’s still

not done by the second date, ask why.

Questions, Comments or Clarification?

Contact: Maverick Mentoring For Business

Email: peter@maverickmentoringforbusiness.com.au

Phone: 61 3 9005 8275