Business plan picTaking time to look at the direction your business is heading in can be difficult, particularly for small business owners who are always so busy with the day-to-day activities. However, business planning – essentially setting goals for where you want your business to go and how to get there – is essential for all sizes of businesses in all industries.

Business.govt.nz has developed a new section on Business Planning. It explains why business planning is so important, how to assess where your business is heading, how to create a business plan and how to seek expert advice. The Business Planning Tools section includes templates, research tools and SWOT analysis tools to help you develop a useful business plan that’s relevant and tailored to your business needs.

For more information see Business.govt.nz’s Business Planning 101.