Practical Business Planing
I used to be the Controller/CFO of a corporation that had 31 different LLC’s. Which meant that I had 31 different Business Plans that had to be updated and reviewed on an annual basis. When we finished these business plans I would have to take them and share them with the business owner(s), Boards of Directors, bankers, CPA’s, attorneys, insurance agents, bonding companies, and potential investors.
For most corporations,Business Plans tend to be impractical management tools the way they are written. When I finished sharing the Business Plans with all the stakeholders, I took the remaining copies and locked them in the safe until I was ready to start the planning process again next year. For most SMB’s (Small to Medium Businesses), I don’t recommend that you spend the time or money to create a formal 35 page business plan.
Practical Business Planning – Create a Goal
Posted by BizNetCentral under StrategyFrom http://biznetcentral.com 4927 days ago
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