5 Benefits of Strategic Planning

5 Benefits of Strategic Planning

Most business owners would agree that having a business strategy is important and necessary for every business to grow and compete effectively. strategic planning helps to increase operational efficiency, market share and profitability of your business. This is one of the most tangible benefits. In the long run, the exercise makes the business more sustainable as it has taken into account the potential opportunities, trends and threats that might affect it.

To help business owners get a better understanding about the importance of having a business strategy, we have listed a total of 5 key benefits. 

Strategy Made Simple

Strategy Made Simple

Strategy is a big word often being exclusively used by experts, military commanders, consultants and academics. More often than not, people tend to avoid "strategic" discussions or end up being confused. Or perhaps they would just simply nod in agreement with the hope that their lack of knowledge and understanding will not be exposed. 

As a business owner, there are a couple of the questions that you might like to find answers for:"What is the relevance of strategy? How could strategy be easily understood and applied to your business?"

Why did I take the plunge?

Why did I take the plunge?

It has been more than 4 years since I took the plunge.

In Oct 2013, after being in the Ministry of Transport (MOT) for more than 5 years, I made a bold decision to leave. For many, it was an absolutely incomprehensible choice. I was drawing a good pay, enjoying a stable job with an excellent environment and work-life balance.

 

Our BNI Journey

Our BNI Journey

Being part of BNI Origins is a pivotal moment in our business journey. 

In Feb 2017, I was invited to the core group of BNI Origins and it marked the beginning of a an exciting journey. I became acquainted with a group of like-minded business owners who are collaborative, driven, generous and willing to go all out to help each other grow their businesses.