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  To engage in business you need to plan out exactly what needs to be done, when and by which person or department. A1 Universal  can help you develop your extensive business plan. Your plan will guide you and keep you focused and on track as you progress through the confusions that can result from busy expansion.

• Macro planning refers to planning your major over all functions and micro planning refers to detailed planning of smaller functions. Your over all plan then breaks into smaller sections which consist of actions that need to be taken plotted against timelines for execution. All activities are geared to fit within existing resources and budgets so that they are feasible.

• Research is a necessary factor in creating your plan, so that you know the facts and details associated with your business. You need to know exactly what you are doing, how much you need to do on each part of your plan and what results are expected from your actions.

• It pays to plan well in advance and think things through and look at all the things that might come up as you go along. This way you have direction and know where you are going as you reach each milestone of your business plan.

• Many businesses don’t do a comprehensive plan, and as they go along in the day to day activities of their business they get bogged down with coping with the business, lose revenue and fail o expand.

• As you get going and start to hit your goals, and progress across your plan, you need to revise your plan, set new goals and update your plan of activities. Each milestone that you hit can bring in new capabilities and opportunities, so your plan has to be up to date and utilize all that you have accomplished to help you expand further.

• The point above is very important for long term survival of your business. Large businesses as well as small ones come across the situation where they don't revise their plan. Businesses that have been in business for over 100 years suddenly disappear as a result.

 For example:

• B.Altman's department stores closed its doors after 124 years of business and a number of other large and small businesses routinely become inefficient, lack direction, fail to see what is coming up ahead and do not adjust their plan to handle what is coming up and end up in financial trouble.

• One of our previous clients had $ 30 mil. invested in their company, obtained a $ 35 mil. government contract and had an additional multi-million dollar investment put into the Company. They brought in a venture capital group and at their request terminated their relationships with their consultants. The company decided to go public on the Amex exchange and as a result did a reverse merger (a public company took them over as a way of them shortcutting an Initial Public Offering (IPO)). Their stock was at $ 10 per share at one point and shortly after it went down to 44 cents. Raising or having money is no substitute for comprehensive planning. You can lose large amounts of money as a result of failure to plan correctly.

• Add to this recent economic conditions and you need to really be able to adjust your planning as things that worked before don't necessary continue to work.

• Lehman Brothers was in business for over 140 years. Dr. Knight, one of our founders and a former board of director of one of the companies we consult, Mr. Gumport, both used to work for Lehman Brothers. Mr. Gumport was an analyst with Lehman Brothers and was ranked #1 by Wall Street Journal in Earnings Accuracy and had conducted over $ 5 bil. in financing with Lehman. Lehman failed to see the upcoming changes in the economy, took riskly positions in departure from its past policies and in an instant went from a company that had conducted $ 400 bil. in business that year to bankrupt.  

• The smaller your business, the better you planning has to be, since you can’t afford to lose money. Lager businesses, to stay competitive, efficient and ahead of their competition, need to also have a well thought out business plan. The plan needs to be  adjusted based on magnitudes of expansion, market conditions, market opportunities and a number of other factors affecting the business.

• Knight Mitchell can help you create a comprehensive plan for your business that will keep you expanding, efficient and ahead of your competition. We will also help you conduct surveys and research and analyze the relevant data, recognize existing trends and predict future trends based on the data, keeping you ahead of the curve and helping you adjust your business plan based on what you have already accomplished which puts you in a new plateau as well as expected trends based on data analysis.

• All of our activities are geared towards expanding your business. A comprehensive business plan detailing the actions that you and your staff will take, plotted against feasible timelines within your resources will keep you focused and expanding in the face of all the challenges you face as you expand.

   

  To find out how we can help you expand to the next level contact us today.