“It's not the plan that is important, it's the planning”.
Dr. Graeme Edwards
Over the last two days the IIS team have come together and all in all the event has been a success and most objectives have been achieved in terms of the discussions, meetings and presentations that needed to be had.
Everyone is now familiar with the numerous new faces that have joined the team in the last 6 months, ideas have been shared, plans have begun to be formulated, processes for each functional area are being developed and improving efficiency and effectiveness overall is the collective goal!
A great emphasis has been placed on the need for more planning, not that it has been entirely neglected but the need to document it from a company, team and individual perspective has become increasingly apparent.
New research shows that a large number of SME’s have no written business plan.
Research by business insurance comparator SimplyBusiness.co.uk of 400 British entrepreneurs shows that 54 per cent of firms have no written business plan.
Jason Stockwood, CEO of SimplyBusiness.co.uk, says: ‘Limited time and resources are characteristic of growing businesses, and the recession will have stretched UK entrepreneurs further than ever before. Understandably, many have become so focused on working in their business that their time working on their business may have suffered as a result.’
At IIS we all understand the importance and value of planning and endeavour to make it an habitual practice across all departments. That is not to say that it is not something we haven’t considered or invested within in the past, but as we continue to grow the need for a more formal approach becomes increasingly imperative.
“If you are failing to plan, you are planning to fail.”
Tariq Siddique
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