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Strategic Planning for Small Businesses
May 12 @ 8:00 AM - 12:00 PM UTC+2ZAR500
Many small business owners lack a strategic plan for their business, typically for one of two reasons: either because they think strategic planning is only for larger companies or because they simply haven’t made it a priority in the face of more urgent day-to-day concerns.
However, without a strategy, a business lacks the direction it needs to be successful. If you want to work smarter rather than harder and grow with purpose, strategic planning is a necessity. When you find yourself in growth mode, you need to ensure you don’t waste resources pursuing opportunities that are not in alignment with your long-term objectives. A strategic plan can provide the blueprint you need to stay on track to achieve your goals in a changing marketplace.
Strategic planning for a small business doesn’t need to be as time-consuming or detailed as planning for a large company, but your plan does need to identify what you want to accomplish and how you intend to achieve those goals.