Posts Tagged ‘Business Planning
Developing a business plan
Article by Pat Sutton in Sundays Business Post 17 April 2014
I’ve often been asked by business owners what’s the most important aspect of a business plan. My answer sometimes surprises when I say it’s the journey you take in preparing the plan and not the plan itself.
SME Financial Management
In the challenging economic climate we live in today it can be difficult for business owners to keep focused on the routine mundane task of balancing the books at month end. We in O’KellySutton have seen how a lack of discipline can occur in the financial management area where securing the next order can be all consuming. In trying to maintain a sustainable and viable business it is essential to know where your finances stand every month. The following are basic requirements of any SME;
Read the rest of this entry »
The Business Planning Process
One could argue that the process of business planning is hugely more important than the end plan itself. The activity of business planning is an important management tool that allows an organisation to evaluate the health of its position in the market and industry, and adapt accordingly. We liken the business planning process as being akin to checking yourself into a Medical Clinic and getting series of tests done to evaluate your health. The results of the business check up will trigger a series of changes that should be made to the business. Failure to conduct regular checkups may result in a failure to detect early signs of business problems and may even ultimately lead to a companies demise.
Read the rest of this entry »
