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#19 – Terry Bell: 4 Steps To Better Business Planning

Photo 2 - terry.What is the benefit of business planning?

Even if you think you don’t have the time, data shows that planning gives you better results. Those who effectively implement their business plan may have a 204% uplift in profitability.

Commit something to writing…

Have defined objectives, assigned responsibilities and a delivery dates in place for effective implementation.

Other critical elements…

  • Regularly meet to review.
  • Be critical of what’s working and what’s not.
  • Have somebody outside your business to hold you responsible.

Time isn’t the issue…

Everyone has the same amount of time – it’s about having the commitment to sit down and do it.

About Terry:

Terry Bell is a principal of Business Health Pty Limited. Business Health is headquartered in Sydney, Australia and was established 14 years ago to provide practical “down to earth” assistance to businesses with particular emphasis in the financial services industry.

Terry has had many years experience in a variety of senior management, business development and operational roles. Through his consulting he has been able to help businesses position themselves for success in the 21st Century. His knowledge of market trends and business structures, both in Australia and internationally has allowed many professional advisers to build valuable, profitable, sustainable and relevant practices.

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