Companies begin the planning process by taking a critical look at the business' current state. The management team evaluates what the company is doing well and where it is falling short.

I believe the most important part of writing a business plan is the process, not the plan itself. Planning shouldn’t happen once a year; it should happen all year long.

So we put an annual business plan process in place. In our first planning session, we identified a threat — too much income coming from one distributor — and diversified.

The business planning process encourages more sophisticated pricing approaches that balance profitability, market penetration goals, and brand positioning for long-term success.

Download: MOBI Business Plan Template Enroll now: MOBI's FREE Starting a Business course. MOBI Business Plan Template. The primary value of your business plan is to create a written resource that ...

Business plans help establish your goals & define the means for achieving them. Here's a step-by-step process to create a simple business plan template.

This article was first published on NerdWallet.com. Whether you’re a seasoned business owner or a new entrepreneur, a business plan is crucial to the success and growth of your business, but it ...

It’s not easy to plan for your business’s future when you’re busy handling everyday tasks. It’s easy to feel stuck juggling big goals with tight budgets. That’s where a financial advisor ...

Largest Problems in Planning. A company operates through the use of business plans. When you develop bad habits in the process of business planning, you will experience a drop in productivity and a ...