Get ready for business planning season
Autumn. You can feel it: the mornings are a little darker, the evenings are a little shorter, and when the sun goes down, there is a chill in the air. Yes, summer is behind us.
For most businesses, that means that business planning season is almost upon us. Business planning season is that time of the year when most businesses consider their financial forecasts and plans for the next year (or longer). This allows for departmental budgets to be set and financing to be agreed. It's a crucial time of year because if you get it wrong during business planning, you'll be struggling to get the financing and resources you need to deliver your plans as next year unfolds.
This makes the time immediately before business planning season the best time to ensure your strategy is clear, compelling and up-to-date. Clear, so that you will know exactly what you'll need to do to take the best advantage of the opportunities ahead of you, whilst avoiding all of the risks. Compelling, so that you'll be able to convince your colleagues, your boss, and/or your investors why they should fund your plans. And up-to-date, so that you don't realise too late that there were crucial insights that you did not, but could have taken into account.
You can, of course, rely on intuition and your innate understanding of your business to do this. But why take that chance? A structured process which connects rigorous analysis through to clearly articulated goals, objectives, KPIs and targets, with a detailed roadmap of what you need to do to hit those targets and a clear understanding of the governance and stakeholder management you need to succeed will significantly improve your chances of being properly prepared.
StratNavApp.com is purpose-built to help you with all of these steps. What's more, its collaborative features allow you to work with your team to ensure you get all of their input during the process, as well as their buy-in and commitment to the result.
The dynamic nature of StratNavApp.com makes it easier to ensure your strategy is up-to-date and responding to change in your business and environment throughout the year. However, even if you managed to do so, this period before the business planning season is the best time to review, remind and recommit yourself to your strategy.
The sooner you start, the more time you'll have to ensure you get it right. Why not login to StratNavApp right now and get started. If you've not been for a while, we think you'll be pleasantly surprised by the improvements we continue to make on a regular basis.