Do You Have a Five-year Plan?
Posted on 6th August 2021 at 10:15
In order for a business to remain successful, it needs a five-year plan in place. This doesn’t just apply to your first five years of trading, as you should always have an idea of where you want your business to be in the future and clear actions that will help you to get there.
Creating a five-year plan comes with multiple benefits, such as:
You know what your top priorities are and how to integrate them into daily operations
Key business decisions can be made more effectively
Every department, from marketing to customer service, will benefit from knowing the company’s five-year goals
If you ever feel yourself losing energy and focus, a five-year plan is an excellent motivator
Staying on track of your income and expenditure becomes easier, as you can measure them against your targets
Budgeting and forecasting will also prove to be a smoother process
When you plan ahead, it becomes far more likely that you will actually achieve your goals
We’re here to help
Need help creating a five-year plan for your business? Call our Yorkshire office on 01482 235575, our London office on 0207 885 0605, or fill in the contact form below.
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