What makes a small business able to survive and ultimately become successful is good, solid preparation and logical realistic planning. Business planning is crucial for formalising your concept and determining the structure of your business, setting the precedent for organised business functioning in the future. It should be used as an ongoing tool, which is regularly updated to keep up with a constantly changing environment. As business owners, we are often so focused on the day-to-day running of our business that we neglect planning, goal setting, strategising, monitoring and evaluating – all of which are crucial to growth, success, and sustainability.
The Chamber supports business planning by providing access to good practice information, linking members to experts and hosting topical learning events.