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.