What is Business Planning?
No matter what kind of business you own, running it can be hard, complex work. An owner of a business, especially of a small business, faces unique stresses and responsibilities. Working long hours and focusing on the growth of your company can take you away from important long-range priorities and operational duties. This is why it is so important to involve a financial advisor in your business planning process.
Although business planning can encompass many aspects, the ultimate goal is to establish the strategies that ensure your business stays vital and is primed for continual growth. Without a proper plan, your business is at risk.
Business planning accounts for things like: