12Faces.business

NID52: Realistic Small Business Planning

May 23, 2023 Scott Williams
12Faces.business
NID52: Realistic Small Business Planning
Show Notes

Most textbook business planning is unsuited to the realities of small business. 

Expecting detailed financial projections in 3 to 5 year's time is totally unrealistic when a small business can barely see 6 months ahead.

Instead of planning methods developed for large and fairly stable big businesses, we have developed a flexible, low workload, business planning system for small business.

It is based around a financial quarter GamePlan where you decide what to achieve in this quarter.  Generally, a small business can see three months ahead and have some hope of projecting financial data.

Each quarterly Gameplan has a built in StrategyTree which identifies the 4-6 Critical Success Factors (CSF) that must be addressed for the GamePlan Destination to be achieved.  Things like key staff and required revenue.  Then the several Necessary Conditions for that CSF to work are identified and factored in

We then show how to prioritize these Necessary Conditions so you move quickly and thoroughly to the GamePlan Destination for this quarter.

Next quarter, you look at the current realities and develop a new GamePlan to suit.

This is simple, fast and structured planning that suits the realities of small business.

Video on Realistic Small Business Planning
Business Planning Resources
Transcript on Realistic Small Business Planning Podcast