Peak Performane Planning in Business | When a hiker decides to climb to the peak of a mountain they plan their journey from begining to end. Often they plan more than one way up and more than one way down, they also consider weather conditions, their equipment, and thier team just to name a few. They also train for months sometimes years just to atempt that climb. They all enjoy being at the peak of the mountain, but also know that they won't stay there forever and they need to have a plan to come down so they arrive back to base safely and can climb to the top of the next mountain.
In business we call this a business plan, however not many business owners plan to come down from the peak choosing only to concentrate on their rise. In business there are so many variables including market conditions, current competiton, consumer demand etc. Without a plan that has the flexibility to deal with the rollercoaster ride, they are likely to fall off the peak and not all survive. According to the Small Business Association 30% of new businesses fail during the first two years of being open, 50% during the first five years and 66% during the first 10. However, a good business plan can see your business survive the down turn ready to climb the next mountain.
So what is a good business plan? We're so glad you asked, a good business plan will include the fundimentals of business success, and consider all the fluctuating market conditions. This will enable navigation back to the base should unfavourable circumstances arise.
At Altitude Business Solutions we believe the 5 key fundimentals of businss are:
Now that you know the 5 key fundimentals of business success you need a plan to put them into practice, and that's where we come in. If you're interested to see where we can help your business gain Altitude CLICK HERE to contact us.