Make a business plan - and act on it
Business planning is not just a desirable option for a business, it is an absolute necessity. Sometimes, people are so busy working in their businesses that they forget to plan and this inevitably leads to problems.
Without a plan, you don’t know what your business ought to be doing. Action without a plan is not sensible, but having a plan without implementing it is unforgivable.
Many mid-sized businesses don’t devote enough time to planning. The management does not stand back and take a look at where they want to go and how they are going to get there. They are storing up problems for themselves in the future.
This failure ...
