Many business owners and managers undertake business planning activities when they start their business or are forced or ‘requested’ to do so when seeking finance from a bank or other financial institution – simply they are too busy running the business to take the time to analyse the business and undertake efficient and effective planning actions.
The consequences of failing to have a business plan in place or inadequate planning can result inappropriate decisions being made, business inefficiency, over or under capacity and business opportunities being missed.
