A major reason why small and medium sized businesses fail is lack of strategic planning. In fact, according to a recent survey from Constant Contact, 63% of small business owners surveyed said they only planned a year or less in advance.
Sound familiar? If so, that may be a sign your small business could benefit from strategic planning.
There are many reasons to make a strategic plan for your small business in Ann Arbor. Having a strategic plan that is shared internally and made available, in part or whole publicly, can educate your employees and customers, in addition to attracting potential investors or buyers, should you decide to sell your business. Most importantly, having a strategic plan benefits you!
Strategic planning for your Michigan small business can help clarify your goals. By carefully defining your vision, you will unite and focus your efforts on assessing where you are, where you want to be, and how to get there.
Need help jump-starting your strategic planning?
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