I Already Have a Business. Do I Need a Plan?
A recent study of over 11,000 companies found that companies that plan grow 30 percent faster than those that don’t plan. This study found that plenty of businesses can find success without planning, but that businesses with a plan grew faster and were more successful than those that didn’t plan.
To reinforce the connection between planning and fast growth, yet another study found that fast-growing companies—companies that had over 92 percent growth in sales from one year to the next—usually have business plans. In fact, 71 percent of fast-growing companies have plans. They create budgets, set sales goals, and document their marketing and sales strategies.
A Business Plan Brings You The Following
Let’s Go Out of Business
Operating without a business plan can be detrimental for several reasons. Firstly, it leaves your business without a clear direction and strategy, making it challenging to set goals and allocate resources effectively. Secondly, the absence of a well-defined plan can lead to inefficient (costly) resource management, hindering your ability to prioritize activities and invest wisely.
Additionally, a business plan serves as a vital communication tool, both internally and externally, enabling you to convey your vision, goals, and strategies to stakeholders, team members, and potential investors.
Without a plan, your business may lack focus, struggle to secure funding, and miss out on crucial growth opportunities, ultimately impeding its long-term success and sustainability.
What Eliv8 Brings To The Table
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Choose Your Tier
Billing plans available. Companies under $1M annual, 50% discount
Our Financials Package includes P&L, Balance Sheet & Cash Flow
Financial Tables & Reports (editable):
Full Business Plan
Full plan includes everything in Financials
plus the following.
Full Plan also includes:
Why Trust Your Livelihood To Someone Who Doesn’t Know Your Company?
After filling out a simple yet comprehensive questionnaire, Eliv8’s subject matter experts breathe, eat and sleep your firm until they get an understanding of what it’s all about. And we do this with none of the baggage your employees, executives or financial stakeholders bring to the table – thus ensuring a lucid, unbiased analysis of your company or launch.