I Have a Business Plan – Isn’t That Enough?

If you are an entrepreneur who has sourced capital from banks, grant providers or private investors, you likely have been asked to produce a business plan. It is a framework of strategies and initiatives to start a new venture which capital providers want to review to judge your ability to successfully launch your business.  

Let’s say you were successful in obtaining funding. What then? Typically, you get extremely busy doing and scratching items off your to do list. During this start up period you are swamped, buying, hiring, negotiating. And while you are focused on that to do list, less thought is given to what’s most important in the success of your business concept.  

What is your game plan?

Wait you say…. isn’t my business plan sufficient? Unfortunately, no. Business plans are used to start a company and typically have a short time frame of one year or less. The game plan, however, is what carries you through the launch and growth of your business for multiple years. A great game plan requires two planning stages.  

Strategic Planning is the ability to know what you wish to achieve and how you will achieve it.

Tactical Planning breaks down a strategy into defined steps required to achieve your goals.

Unfortunately, in the SME world, many entrepreneurs get lost in the fray of daily requests from clients, staff, vendors. Time being a scarce resource it may make sense for you to ask us to help you with strategic and tactical planning. Let us help you identify your best game plan today.