“The 3% of people with written business plans earn more than the other 97% added together!”
Whether or not you are wanting to sell a business, it is fairly well known (Harvard Business School) that those business owners with a written business plan are far more successful than those who don’t. Most people (not just business owners) have no idea where they are actually heading in life, most have some rough idea in their head but leave everything to chance on how to get there. Others really do leave things to chance often saying “when I win the lottery…..!” and carry on with the same old habits. And then there’s the quote from Henry Ford:-
“If you always do what you’ve always done, you’ll always get what you’ve always got.”
Ideally, you need a business plan which is aligned to your own personal objectives or goals, where you don’t have to sacrifice “health for wealth”. Your plan should allow you to create a business that works without you, something that becomes a “saleable asset” where you can take time off when you want to, benefit from the cash-flow and ultimately, benefit from the increased value of the business for when the time comes to sell. But don’t just take our word for it. Watch what Brad Sugars has to say about Business Planning by CLICKING HERE.
Of course, producing a written plan which is realistic and achievable (with action plans) are not always easy to prepare, when it’s your own life or business that you’re trying to plan out. It so happens that it’s far easier to “see the wood from the trees” when it’s someone else’s life or business! Many business owners have a “magic number” for what they need in order to retire but have given little thought to what’s involved in selling a business, the tax they might have to pay or even how they’re going increase their business value prior to selling.
The good news is that we can help! Our business planning expert is able to talk you through all the questions that you need to be asked and produce that all important written business plan – aligned with your own personal aims and objectives. You can get started now, by completing the form below:-