Business planners take a primary role in the strategic planning process for clients or organizations. They plan, develop, and implement strategies for all facets of business operations, including budgeting, administration, production, personnel, sales, and logistics.
What is the business planning process?
The business planning process includes diagnosing the company’s internal strengths and weaknesses, improving its efficiency, working out how it will compete against rival firms in the future, and setting milestones for progress so they can be measured.
What are the 3 main purposes of a business plan?
The 3 most important purposes of a business plan are
1) to create an effective strategy for growth,
2) to determine your future financial needs,
3) to attract investors (including angel investors and VC funding) and lenders.