Business Planning – How do you get there?
The Revell Ward Wheel of Fortune – Question 4
Business planning – your recipe for success. Your business plan is your recipe for success, it is a formal statement of your objectives and your plan for achieving them.
Your recipe for success will need to detail all your key success drivers, the required ingredients, the equipment and an assessment of the adequacy of your working environment. It then needs to communicate how your recipe produces a final product that beats the competition and makes your customer want to buy from you.
At Revell Ward we follow a step by step process (and you can’t miss out any steps) and we conclude with a One Page Plan that you can communicate easily both internally and externally.
Once you have achieved this we help you work on your business forecasts. Starting with your sales forecast, moving onto projecting the profitability and finally producing an integrated cash flow forecast for the 12 months ahead and then a summary forecast for the 3 years ahead.
“Revell Ward are supportive, honest, constructive…a strong foundation to build on”
This is the fourth step in the Revell Ward Wheel of Fortune which looks at the ways we go about “Adding to Business” to make you more money.