Too often business owners forego business planning because they think it’s just a formal document to get a loan or find an investor. The fact is, business planning is one of the most critical processes to successfully grow your business! Business planning produces a business plan as the output.
Business planning provides the discipline and accountability you need for business success. The right business plan gives you the independence and financial freedom you dreamed of when you started your business, and do it in less time than you ever thought possible!
Good Business Planning Helps You Achieve Goals Faster!
This isn’t just our opinion! A University of Oregon Department Economics study proves business planning a positive business impact on companies for those do it! The diagram shows a comparison of business plan vs. no plan:
The study shows that businesses that complete business planning are 50% more likely than those without a business plan in:
- Growing the business
- Securing a loan
- Acquiring investment capital
But, does your business plan have what you need to achieve your vision?
Business Planning Should Help You Reach Your Dreams
Your business plan should not just focus on your business. It should be based on what you want in life. Your business is just a vehicle to help you reach your dreams! Using this approach helps you better focus so you can work harder because your business plan is tied directly to your passion!
Emerick and Company believes in this approach and uses SPARC Business Growth Framework to put it into action. As a result, you achieve your dream for independence and financial freedom, whatever that may look like to you.
Your business plan should help you achieve business self-sustainability not hinder it! Too many business planning tools create a big bulky plan, which doesn’t help you organize your day-to-day actions. If your day-to-day action don’t get done, then you won’t achieve your annual business goal and objectives.