Written Business Plan & Quarterly Review of Performance

WHY WRITTEN business plan & Quarterly Review?

IMPORTANCE of Written Plan

• Clarity on business goal

• Focus on improvement

• Follow up on past plan

• Plan ahead for funding and manpower requirements

 
Outcome of Written Business Plan

• Increase success rate of organisation

• Business goals is turned into action plans (90 days x 4)

• Alignment of expectation between business owners, managers & staff

• Monitor progress of the action plan

• Make improvement/adjustment, as deemed necessary

• Increase staff productivity

• Clarity of KPI & accountability

• Quantifiable achievement for promotion & increment

• Create a culture for continuous learning & development

• Communication tool – bankers, investors, grant providers, suppliers, customers and others

Optional

• Update & conduct business plan review (every 3 months)

• Conduct 1 day alignment workshop/training (every 3 months)

• Coaching – to hold management & staff accountable to achieve their KPI