When is the last time you consulted your business plan? If it's been filed away since you opened for business, you may be missing out on a powerful tool - one that is useful at all stages in the life-cycle of your business. Regularly reviewing and updating your business plan is a valuable exercise. An up-to-date business plan provides you with a snapshot of your current position and can help you develop a road map for future growth. It can also help you stay focused on your goals and objectives, adapt to changing market conditions, and inspire your employees. If you're starting a business, a business plan can help you: Test the viability of your idea Sell your idea to lenders and investors Clarify your objectives and set goals for the future If you're growing your business, a business plan can help you: Discover opportunities for change and growth Secure the financing you need to expand Assess your performance against the targets you have set If you a...
Rosia Bay Ltd is an Executive Coaching & Business Management support operation based in Newark. With over 35 years hands on senior leadership experience and ten years as a qualified Coach, Rosia Bay aims to provide helpful advice and insight in our posts.