Why is it important to have a good business plan?

Malcolm Says

I see a business plan as the touchstone to test all major business decisions and and to ultimately help build the objectives of everyone in the organisation.  It’s therefore more important for it to be simple and easy to communicate than it is to be precise and in detail.  I’m a firm believer in the one page plan and usually create it on a MindMap.  As the model cascades through the business the finer details are added as each part of the organisation builds their supporting plans.

I’d therefore say a key element of a good business plan is that creating it helps management teams discuss and agree plans and subsequently communicating the agreed document helps everyone track and implement those plans.

3 Responses to “Why is it important to have a good business plan?”

  1. Patricia Says:

    I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.

    Patricia

    http://dataentryjob-s.com

  2. admin Says:

    Good to hear from you Patricia and I’m pleased that you enjoy reading my blog.

    Malcolm

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