Increase the Value Of Your Business With A Plan
Posted On: 27/03/25 - 0

A well executed business plan helps you to increase the value of your business. It is a roadmap to ensure you stay focused on your business vision, goals and results. A business plan also includes financial information, marketing plans, projections and areas of opportunity. It is good to take a look at your plan monthly or quarterly to make any adjustments before too much lost sales has slipped away. A business plan increases your business value by mapping out a path to profitability and growth.

Regular Reviews of the Business Plan

Reviewing the plan regularly is a critical step to ensure you stay on track. If you only look at the plan once a year or longer, what good is it if you were unable to identify a problem in the corporation in the first quarter? It’s difficult to turn around a problem several months or even years out without looking at your plan. Regular reviews helps to maintain the health and positive direction of your business. Your plan serves as a road map, getting you to the palce of success and meeting your goals and projections. If you were heading out on a major road trip, how do you know how to get there without a map if you have never been there before?

Annual Check Up

An annual review to go back and update ypour data is very important. This enables you to see where you excelled and had shortfalls in the business. This will help to identify growth areas and maybe make some judgement calls on whether you continue with some products or services. It will help you to identify where you make your money and maybe where you should spend more or less advertising dollars. This analysis helps you to learn what did and didn’t work in your venture throughout the year.

Ensure Success In Your Business

At Padgett northwest, we understand the importance to your business success by having a strong business plan, accurate financials and monthly advice. If you do not have a business plan, or never have done a deep analysis, it’s time to call us. We are passionate about small business and are here to help you increase the value of your business. We are committed to making this year a banner year for you. Contact us today.

12203-107 Avenue.
Edmonton, Alberta.
T5M 1Y9

Call us:
780.482.7297