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Who is going to review my plan, and what do you want them to do with it? You need to identify who is going to actually study your plan, and what they are going to do with it. If it's yourself, then it's a little easier to answer this question because the answer lies within you. If, however, you are writing your plan for others to review, and assuming you've answered #1 above, you're going to have to do some background analysis. Start listing names or titles/positions of people who you expect to review your plan. Then, for each person, brainstorm how you want that person to react to your business plan _ what they should do with it. You could do the same thing for investors _ do you know any business owners? Ask them what they would look for in any business venture they would invest, and specifically what they would look for if you wanted them to invest in your business.

Strategic Review of Plans/Goals at Year_End: At the end of the year, a thorough review of the plan and its process should be discussed with the team in order to make the next planning cycle more effective and efficient. Take a look at all of the successful initiatives and the ones that fell short in order to identify where the "broken pipes" occurred in the process. Remember not to double_dip on the capital projects EBIDTA contribution for the upcoming year _ your budgetary baselines should move in concert with these investments. All projects that straddle the budgetary year, should be rolled over into the new plan. Business planning is the road map that identifies where you are headed in advance. As importantly, it also identifies road blocks _ in advance. Your business plan should provide a common vision supported by tactical initiatives that, ultimately, creates greater value for your company. It may seem daunting, but by knowing your vision and its corresponding financial targets, you will have a better chance at executing how to get there and avoiding traps in advance.

Source: Propertymgmt-hayward.com
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