People talk lots about business plans and in this episode, Shaz shares the 10 succinct things that you actually really need in a business plan.

Any business plan is only effective if it’s reviewed regularly, adjustments made and actions are taken, so this is a great opportunity to hear about exactly what you do need in a business plan and how you need to use it so that it makes a difference to your business.

 

KEY TAKEAWAYS

• For clarity have a business summary – what do you want to accomplish, what’s your vision?
• Your mission statement answers why your business exists
• What are your core values? Look at what you do and how you live day to day.
• Have an overview of your competitors understanding what they do well and what they don’t
• Market research is vital – look at the trends and what’s affecting your industry.
• Identify your operating strategy – how will the business be run, staffed and structured
• Review pricing – are the margins working, how can you become more efficient?
• Plan to review the budget and the cash flow monthly.
• Have a marketing strategy to understand the cost of every client and how you can grow them.

 

BEST MOMENTS

‘What can you do to stay ahead of the curve?’

‘Review the business plan regularly’

 

VALUABLE RESOURCES

[email protected]

 

ABOUT THE HOST

Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.

Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultation he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.

He is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.

You can find Shaz on:

•   Facebook

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  YouTube.