Change Location

The Importance of Simple Business Planning

set goals with Maus strategic planning

Business owners and advisors have historically avoided business planning as it has been a time-consuming and cumbersome process. With Maus MasterPlan Lean, we’ve put business planning on a diet, leaving just the essentials that you need to succeed!

A New Era in Business Planning 

Times have changed. Once upon a time static 70-page business plans unacceptably gathered dust in the CEO’s filing cabinet. However, today’s fast-paced business environment demands a plan that is not only easy to create but is also adaptable and actionable. Therefore, a business plan should never be finished but should be used as an ongoing strategic tool that is easy to adapt.

Rather than using a static word document, a Business Plan should be created in an easy-to-understand and actionable format. This allows for easy communication of your business’s strategic direction and vision.

If you fail to plan, you’re planning to fail!

Key Elements of Modern Business Planning

  1. Give your audience a brief overview of your company

Tell them what you offer, and how you differentiate yourself from other competitors in the market.

  1. Assess the strategic forces which affect your business

This includes your target market and customer needs, as well as a detailed competitor analysis – ultimately allowing you to pinpoint your current position in the market.

  1. Set your goals

These goals should be measurable and specific to the different areas of your business. They also need to be time-bound with set deadlines to achieve each goal.

  1. Ensure accountability

Each goal that you set must be task-oriented. Each task that you set must be assigned to an employee who is responsible for its completion.

  1. Crunch the numbers                                                                     

Cash is the lifeblood of any company. It’s imperative that you forecast your sales revenue for the next 5 years, remembering to take into account EBIT and COGS as well as any other expenses or seasonal fluctuations. This should all be detailed in a Cash Flow and Profit and Loss statement.

  1. Keep it simple and communicate your vision

Your modern business plan needs to be easy to read and direct. This makes it easier for yourself, clients, banks, and investors to understand the direction of the business. This can be achieved by using simple financial and strategic positioning graphs to better portray information.

MasterPlan Lean – The simplest and easiest way to create a business plan!

Having a solid strategic direction is imperative for all businesses, despite this over 90% of business owners admit that they do not have an up-to-date business plan.

Maus MasterPlan Lean is challenging the status quo of contemporary business planning. This revolutionary tool takes you through a simple question-and-answer format, guiding you through the entire process, and presenting to you a stunning business plan with a complete set of financials that you can import via Xero, QuickBooks or Excel. 

The MasterPlan Lean software drives accountability with goals and actions produced throughout the business plan. This means that you will be held accountable for staying on track with the business plan as you move forward.

With the successful implementation of its predecessor in over 20,000 businesses worldwide, MasterPlan Lean is set to transform the ways businesses create their plans!

Looking to produce your own internal plan or produce plans for clients?

Book a demo of the Maus platform today!

Comments are closed.