Focus on the financial, human, and physical requirements necessary to fulfill your plan by developing forecasts of sales, expenses, and retain earnings over the next three to five years. Study methods of operation, product mix, new market opportunities, and other such factors to help identify ways to improve your company's productivity and profitability. Compare your company's financial performance regularly with current industry data to determine how your results compare with others in your industry. Learn where your business may have performance weaknesses. Don't be afraid to modify your plans if your expectations have been either too aggressive or too conservative.
Planning is a perpetual process.
It is the key to prosperity for your business.