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Business Planning: Planning is Management

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Business Planning: Planning is Management

By Tim Berry, Guest Blogger
Published: February 12, 2010 Updated: December 12, 2011

Planning should become management and better business, long-term progress towards goals, prioritizing, and focus; but you have to do it. It’s up to you to make your planning work. It’s not really about the plan, per se; it’s about the discipline to use the plan to run the business.

 

A good business planning process grows organically; it evolves as your business evolves. With monthly review schedules and performance tracking, your planning, unlike the classic plan document, stays alive and present – on top of your mind where you consider it regularly.

 

For that to work, you have to keep assumptions at the forefront. You have to develop accountability by setting goals, usually with metrics, and then following up on performance with people.

 

Keep the plan visible, to all team members, using the review meetings if nothing else. Ideally, key points, numbers, metrics, and assumptions are somewhere that team members can see them.

 

 

Message Edited by AriM on 08-28-2009 12:15 PM

About the Author:

Tim Berry

Guest Blogger

Founder and Chairman of Palo Alto Software and bplans.com, on twitter as Timberry, blogging at timberry.bplans.com. His collected posts are at blog.timberry.com. Stanford MBA. Married 44 years, father of 5. Author of business plan software Business Plan Pro and www.liveplan.com and books including The Plan As You Go Business Plan, published by Entrepreneur Press, 2008.

Comments:

Great article and video! I try to approach planning like raising a child. You need to set boundaries, instill values and have a lot of patience!! Thnks for posting this! I always get alot out of SBA's resources.
I think that planning is the first step to success. Thank you for all the helpful information.
I always have trouble with the management of the business plan, and I was somewhat understand it through this video, thanks for sharing.
Without a good plan, usually you fail on the first year. Planning is very important on the long run.
Planning is always held as an important tool of management, which every farm wants to utilize it to get optimum result. Hope plannings should yield desired result in the new year.
Planning to any type of business is very crucial. Without planning, one can not have the proper strategy to run or maintain his/her business.
Oh yeah,i think ! Really no doubt in this. Beceause you know a little bit about Planning is Management .
Metrics are key. Decide which metrics are most important to your business success and create a process to make sure they are tracked and measured on a regular basis so you can fine tune and adjust.
Without proper planning Business can never flourish. That's true. To get your plans work, you need to know your targeted client. Proper forecasting techniques will be needed to make strategies. Proper STP needs to be done before launching any product or service.
I am Very Happy to share my thoughts About Planning is Management. Really every work must have plan with out plan we can not do any thing in a proper way.Mainly according to business strategy planning plays a good role. objectives is an essential part of business success.ways of doing things that are tried and true. Avoid wasting money and time reinventing the industry is generally a good approach unless you're set on building the next Goggle.Talented and motivated staff members can bring on big improvements in business. regards. bizworldusa This post was edited to remove a link. Please review our Community Best Practices for more information about how best to participate in our online discussions. Thank you.

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