A lack of planning has been the downfall of many a business. Just like planning for a road trip in your car, you wouldn’t head off and blindly “go West” (or any other direction you chose) without a sat-nav system or a paper map for the real “old school” bunch. You can still change your mind, turn around, take back roads for a bit of local color – but you do need to have a PLAN and a destination in mind.
That’s what business planning is - taking the time to sit down and list what you would like to accomplish, how much you want to make, what you need to add or subtract from your business, and how you propose to make all of that happen.
Keep this in mind – a plan is just that – a PLAN. It is not written in stone and attached to you by a chain so that you drag it with you throughout your day.