One of the questions I regularly get asked is; “I’m experienced in running my own business and I don’t need finance so why do I need to spend time writing a business plan?’ I always remind my clients that although starting or running your own business can be rewarding, it can also be very stressful and, if things [...]
According to recent findings by RSM Bird Cameron, the smaller the SME, the less likely they are to do a business plan. Only 40% of sole ownerships complete a business plan. Business planning is critical for every organisation. Statistics show that smaller companies that don’t take the time to develop a strategic plan are consistently outperformed by those that [...]
What Is a Business Plan and why do you need one? The fundamental reason anyone should contemplate writing a business plan is to increase revenue. You should also be able to determine exactly how much you will add to your bottom line. I’ve read many business plans, including those from ASX Top 100 companies and so [...]
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