Business Planning

Difference between Business Planning and Strategic Planning.

Every Business should have a business plan. For SMEs it should be simple (it should be simple in large corporations but then what would they do in October?).

Strategic Plans set higher level goals and aspirations for the business.

Business Plans set short term objectives and develop functional tactics and procedures.

Financial Plans figure out how to pay for the business plans in the short term and the expected Profit and Cashflow Outcomes.

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