5 Steps in The Business Planning Process


1.      The entire procedure is called a SWOTs Analysis.
2.      Next step is to develop specific objectives and goals for the planning period.
3.      Follow this with outlines of specific strategies that relate to each goal.
4.      Next, work out specific supporting programs (tactics) for carrying out strategies formulated.
5.    Implement the plans, then evaluate the results and make any needed adjustments.