How did you spend your Christmas break?

Often for many small business owners, it’s a great time to catch up on a few of those administration jobs that you’ve been putting off.  Or, without the ‘phones ringing, it’s an ideal time to focus on some strategic tasks.

I’ve just finished a 32 page draft of my business plan.  I have had a Business Plan in place for Business Advisory Accounting & Tax Services from the 1st day I began the business.  When I look back now on what the original was, I’m amazed at its simplicity.

The business plan has had a few changes over the years and I have always been quite good at revisiting my plan once or twice a year. However now that our tax and business consulting practice is growing, I really needed to revisit where we were and where I wanted the company to be. It was an exhausting but rewarding process and I found some things out about my market and my competition that I hadn’t previously given much thought to.

When I say the plan is a draft, it’s been sent to my dependable virtual office assistant at www.theofficeelves.com to proof read and format, so there will probably be more work on it soon when I get back from a short break in Wellington.

Not that a business plan is ever really finished in my view. I see it as an evolving, living document that should be updated regularly and referred to often. If we fail to plan, we plan to fail. I also really like this quote from Brian Tracy: “A clear vision, backed by definite plans, gives you a tremendous feeling of confidence and personal power.”

I have previously written about the benefits of preparing one which can be read here

Although, we prepare comprehensive business plans for many of our clients, you can prepare a simple one by buying one of the many available software packages available.  Try this one from Palo Alto by visiting here

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