Many people who own businesses get very focused on what they're doing day to day and week to week but struggle to look beyond that.
But good business planning makes all the difference.
If you set good long and short-term goals, it will give you confidence and increase your chances of success significantly. That confidence isn't only limited to you but will also be shared with your bank, potential investors, staff, insurance company and lawyer. IF they know the plan they can give you solid advice to get there.
Planning simplifies your decision-making because you can look at each question you're faced with and ask yourself what will propel you closer to your goals. It also helps with your money management because you'll have an idea of what your cash flows should be doing over the long term, if they're not doing what they should be it's a stop check to see why.
If you're struggling to plan, there are a few things you can do.