Business Planning Model

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You can always use the appendix of your plan to provide the full specs if needed.

Writing a business plan may seem like a big hurdle, but it doesn’t have to be. For that reason alone, writing a business plan and then leveraging your plan for growth won’t be nearly as challenging as you think.

Second, he recently had two unsolicited offers to purchase his business, and he wasn’t sure how to address these opportunities.

Third, these offers made him realize he should monetize some of the equity in his business – both as a reward to himself and as a way to diversify his wealth.

As he laid out the various issues and concerns he had, a picture emerged of four primary pressing needs.

First, the rapid growth of his S Corp in the last year was going to generate taxes which would strain cash flow.

Finally, he wanted to design some effective ways to incentivize and reward his key employees.

To get somewhere with this triage, I asked him: “which of these concerns is your top priority; which ones are keeping you awake at night?

I’m not dismissing the importance of strategic planning, but sometimes business needs must be prioritized.

Business prioritization is more tied to the reality of the business world, and it’s more likely to get done. Consider these six long-term financial needs dealing with businesses, owners and executives.

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