Online Business Concierge
  • Home
  • Color Accounting™
    • Color Accounting™
    • About Color Accounting™
    • Color Accounting™ Course Overview
    • Who Is Color Accounting™ For
    • Private Group Courses
  • Events
    • Events
    • Introduction to Color Accounting™ How to Maximize your Cashflow WEBINAR – July 21, 2020
  • Services
    • Xero Cloud Accounting
    • Bookkeeping
    • Payroll
    • Cloud Accounting
  • Resources
    • Resources
    • Affiliates
    • Blog
  • About
    • About
    • My Story
  • Contact
833-221-3175 ext. 1
obc.coaching@gmail.com
December 20, 2018

Business Planning Made Easy for 2019

Sandra Lynch Business Tips, Decision-Making Tips, Profitability Tips

2019 is right around the corner, which makes today the perfect time to think about your business goals and where you want to be one year from now. As year-end wraps up, you’ll soon know your financial numbers for 2018. You’ll then be able to evaluate how you did and map out a new plan for 2019. 

If you’re like many small business owners, you may have started your business without a business plan. Most businesses don’t need a long 20-page document that will just gather dust on a shelf. But you might want to consider putting together a short, 1- to 2-page concise document that includes the basic components of a typical business plan: mission, vision, strategies, and objectives. 

A mission statement describes what the company is in business to do. And while you could simply state a mission similar to “Our mission is to sell our products and services,” you may want to think bigger than that in terms of how you want to be known or to impact more than your customers. 

A vision statement describes your company’s future position.  It’s what you aspire to be.  It could again be, “Our vision is to sell more products and services than any other business.” Or it could be more inspiring and uplifting. 

Your business strategies support how you’ll get from where you are to what is stated in your mission and vision statements. While there may be many ways to accomplish your mission and vision, strategies are the approaches you’ll take to get there. 

Goals are measurable destinations with a timeline that are created from your strategies. Objectives finally get down to the nitty gritty and state the tactics and action plans you need to execute to put all of this work into play. 

Each of these items can be written out on a few lines, taking up all together no more than a few pages. The benefits of having a concise business plan are many: if you think of an idea you want to do, you can check the plan to make sure your idea falls under your vision, mission, and strategies that you’ve laid out for the year.  If it doesn’t, then you’ll know that your idea would take you off track from your plan, and you know how easy that can happen these days with all of the distractions and options available to us.      

You may want to add additional sections to your plan depending on your strategies. If you plan to launch a new product or execute new marketing strategies, you might want to add a Market Summary section. If you seek new funding, you might want to have a section on funding options. With business planning, it makes sense to do what’s relevant, and nothing more or less. 

We wish you the very best in 2019, and if we can help you with the financial portion of your business planning, please reach out.

Marketing by the Numbers What Is Reputation Management?

Related Posts

Business Growth, Business Tips, Money Management

The 13-Week Cash Flow Forecast

Business Growth, Business Tips

Building a Continuity Plan for Your Business

Business Tips, Cool Tech Tools

Cool Tech Tools: Easy Ways to Create Video Graphics

Recent Posts

  • Wrapping Up 2020
    December 31, 2020
  • The Power of Listening
    December 17, 2020
  • The Personal Financial Satisfaction Index (PFSi)
    December 3, 2020

Latest Tweets

→ Follow me
Online Business Concierge
  • Home
  • Services
  • Resources
  • Blog
  • About
  • Contact

Contact Us

Color Accounting™ Consultant, Bookkeeping Services, and Xero Cloud Accounting Services

Online Business Concierge

Corona, CA

833-221-3175 ext. 1
obc.coaching@gmail.com

Copyright Online Business Concierge 2020 | Site Design by Accelerator Websites