Business planning or forecasting is essential to all businesses, whatever size, large or small. You need to plan for what you think might happen in the future, both short-term and longer-term.  Making regular forecasts and comparing them to actual achievements will enable you to:

•keep tight control over your business and understand what’s happening within your practice

• see what strategies are working and those that are not

• clarify your goals and objectives and use them against your budget

Business planning is not a one-off paper exercise but should be part of your business strategy for your practice. They should be regularly reviewed and updated with your achievements.  You can see how differently things turned out to what you forecast and expected and make the necessary adjustments accordingly.

Looking ahead is vital to achieving objectives for your practice!