Use the free Business Best Practice Benchmarking Toolkit to find the strengths and weaknesses in your business practices, identify the key gaps that are holding your business back and develop your own business improvement plan

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Business Planning

Your Business Plan is your business roadmap. It details where you are going and how you plan to get there.  Without a plan your business is essentially rudderless.

Your business plan should be driven by your business purpose, brand promise and vision. 

Business Planning is a four part process:

  1. Planning WHERE you want to go. (Goal setting).
  2. Deciding HOW you are going to get there (Strategies).
  3. Working out WHAT you need to do, WHEN you need to do it and, if you have a team – WHO is responsible for getting it done (Action or project planning).
  4. IMPLEMENT, REVIEW, RINSE AND REPEAT: Monitoring and measuring your progress and revising your strategies and action as needed.

What are the benchmarks of best practice business planning?

BEST PRACTICE BENCHMARK: We have a clear vision for our business which is congruent with our purpose and core values. It is clearly articulated and resonates with our people and ideal clients and guides our strategic planning and all our business activities.  #planning

BEST PRACTICE BENCHMARK: We have a strategic business planning process which documents our goals, strategies and activities across the business for the coming 12 months and maps out our strategic direction for the next 3 - 5 years in line with our business purpose, brand promise and vision. #planning

BEST PRACTICE BENCHMARK: We have a rigorous business planning review process including daily, weekly and monthly meetings attended by all staff covering results, challenges and issues, opportunities, and forward planning. #planning

BEST PRACTICE BENCHMARK: We have an ongoing business improvement process in place focusing on improving quality, reducing costs and creating new opportunities across all areas of the business. #planning

Best Practice Business Planning Resource Library

Check out the resource library to see how to assess your business against the benchmarks of best practice business planning and create your own business improvement plan

Best Practice Benchmarks for SMEs

We wanted to give SMEs the insights and expertise big businesses use to stay on top SMART-Connect founder Brenda Thomson discusses how best practice benchmarking differs from better-known industry benchmarking and the benefits for SMEs Associated Best...

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How to Build a Successful and Profitable Business

“What got you to Now … Won’t get you to There” SMART-Connect Business Advisor Nabil Salameh from Quantum Business Advisors explains Growing a business to whatever level you want it to be is simple. Doesn’t mean it’s easy. [But it is.] The Profit Formula...

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Benchmarking Best Practice Business Vision

This post is one in a series designed to help SME businesses benchmark their business and create a best practice business improvement plan across all of their business processes.  You can find the links to the full series here.   What is a business vision and why do...

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Benchmarking Best Practice Planning Reviews

This post is one in a series designed to help SME businesses benchmark their business and create a best practice business improvement plan across all of their business processes.  You can find the links to the full series here.   Why are regular planning and review...

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Benchmarking Best Practice Continuous Improvement

This post is one in a series designed to help SME businesses benchmark their business and create a best practice business improvement plan across all of their business processes.  You can find the links to the full series here.   What is a continuous improvement...

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Benchmarking Best Practice Strategic Planning

This post is one in a series designed to help SME businesses benchmark their business and create a best practice business improvement plan across all of their business processes.  You can find the links to the full series here.   What is a best practice strategic...

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Use the free Business Best Practice Benchmarking Toolkit to find the strengths and weaknesses in your business practices, identify the key gaps that are holding your business back and develop your own business improvement plan

Click Here To Start ≫

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