BUSINESS Consulting & Planning in India
It is a process of determining an enterprise's objectives, strategies and projected actions in order to promote its survival and development. Business planning typically has two key aspects, one focused on making profits and the other focused on dealing with risks that might negatively impact the business.
- 1. Manage change: With good planning process you regularly review assumptions, track progress, and catch new developments so you can adjust as per requirement
- 2. Strategic Focus: Startups and small business need to focus on their special identities, their target markets, and their products or services tailored to match.
- 3. Strategic alignment: Does your day-to-day work fit with your main business tactics? Do those tactics match your strategy? If so, you have strategic alignment. If not, the business planning will bring up the hidden mismatches.
- 4. Manage cash: Good business planning connects the dots in cash flow. Sometimes just watching profits is enough. But when sales on account, physical products, purchasing assets, or repaying debts are involved, cash flow takes planning and management.