A Plan to Grow Your Busi­ness

Monthly Chronicle - - Business & Personal Finance - PRE­SEN­TER Steve Cole Part­ner En­spira Fi­nan­cial

Do you want to start or grow a busi­ness? If so, the first thing you will need is a plan. De­vel­op­ing an ef­fec­tive busi­ness plan doesn’t need to be daunt­ing! In fact, sim­ple and in­tu­itive plans are of­ten the most suc­cess­ful. While you may need a for­mal busi­ness plan for the bank or in­vestors, for your own pur­poses, the task need not be so oner­ous. It is the ideas and strategies be­hind your ob­jec­tives that are im­por­tant. The more suc­cinct the de­scrip­tion, the more en­gag­ing your plan will be. The process of de­vel­op­ing a plan is pow­er­ful in it­self be­cause the act of ar­tic­u­lat­ing in­for­ma­tion about your busi­ness, why it works and what is hap­pen­ing in the en­vi­ron­ment it op­er­ates within, helps you see more clearly. The process of col­lab­o­ra­tion en­ables you to iden­tify op­por­tu­ni­ties, clar­ify your ideas and in­te­grate good ideas from others into your plan. Most of us re­quire a lit­tle out­side in­put in the busi­ness third party pro­vides a good sound­ing board and may sug­gest busi­ness ideas we hadn’t thought of our­selves. To de­velop your own plan, En­spira Fi­nan­cial is run­ning a free work­shop on Tues 3 Oct. To reg­is­ter, call 9476 0399.

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