IMPORTANCE of Written Plan
• Clarity on business goal
• Focus on improvement
• Follow up on past plan
• Plan ahead for funding and manpower requirements
Outcome of Written Business Plan
• Increase success rate of organisation
• Business goals is turned into action plans (90 days x 4)
• Alignment of expectation between business owners, managers & staff
• Monitor progress of the action plan
• Make improvement/adjustment, as deemed necessary
• Increase staff productivity
• Clarity of KPI & accountability
• Quantifiable achievement for promotion & increment
• Create a culture for continuous learning & development
• Communication tool – bankers, investors, grant providers, suppliers, customers and others
Optional
• Update & conduct business plan review (every 3 months)
• Conduct 1 day alignment workshop/training (every 3 months)
• Coaching – to hold management & staff accountable to achieve their KPI
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