In addition to being the unofficial month of excessive consumption and celebrations, December also happens to be National Write a Business Plan Month.
Every business, new or old, needs a business plan. Whether your business is in startup mode, is seeking financial support for expansion or preparing for another year of growth, a solid business plan is essential for success.
Today, competition is fiercer than ever, and many businesses fail because they never took the time or effort to create a proper business plan. Without one, it is difficult to steer your business towards success, or to make decisions that help your company progress towards its ultimate end goal.
A business plan can help clarify important decisions. December is a month full of important decisions and planning. So along with embracing all the planning the silly season entails this year, embrace and celebrate National Write a Business Plan Month, here are 3 tips.
3 ways to celebrate Write a Business Plan Month
- Write a Business Plan
The best way to celebrate Write a Business Plan Month is by writing your own business plan. If you are like many other new business owners, you probably find the thought of this somewhat daunting. However, there are many online models you can follow to help get started.
We recommend: Visma Business Planner
- Kick-start your New Year’s Resolutions
Write a Business Plan Month is a great opportunity to kick-start your New Year’s Resolutions. Don’t wait until the new year to start preparing for the great year your business has ahead. Celebrate by being organised early. This will give you a head start on all those who make business planning part of their New Year’s Resolutions.
- Cash in on tax benefits
If your tax cycle runs on a calendar year, December is your last chance to make sure you’re taking full advantage of tax deductions. Celebrate by working on your business plan and making sure you’ve incurred all the tax-deductible expenses in your budget. This way you won’t miss out on significant tax savings this year.
December is a month full of planning and festivities. So since you’re already in planning mode, take advantage of this and apply it to your business. This will ensure you get off to a good start in the New Year.
Happy National Write a Business Plan Month.