Company Changes Over Time And It Is Easy For A Business Plan

A company changes over time and it is easy for a business plan to become out-of-date. In this case, you must amend your business plan. You must make the necessary alterations so that the new plan takes into account the new variables and addresses them to keep the business on track. Keep in mind, that you cannot see the future, so building a perfect business plan at the beginning is practically impossible. Don’t get frustrated when some things do not go as planned. Instead, alter your plan to take into account the changes. Daniel C. Finley, a former advisor and president of a business development consulting and coaching service agrees that your business plan must evolve over time, however he cautions you not to â€Å"over-adjust it.† He writes,†¦show more content†¦Goals allow you to gage the progress of your business. It prevents anyone from getting overwhelmed. It shows them how much they have accomplished rather than how much there is left to do. This leads t o a more positive work environment and increased employee happiness. An important aspect to the success of a business, that often goes unnoticed, is the happiness of its employees. If an employee is miserable doing the work they are given, then the willingness of this employee to go the extra mile for the sake of the company is extremely limited. The employees who are miserable with what they do for a living are the ones who care solely about the paycheck at the end of the week rather than the result of their work and its impact on the business. Employees should be happy in the workplace. It should be filled with positive energy because when an employee is positive and motivated, they tend to be more productive. Daniel Sgroi, in the Journal of Labor Economics, writes: In three different styles of experiment, randomly selected individuals are made happier either through the use of a short (10 minute) comedy clip or through the provision of drinks and snacks. We check that these methods make the subjects happier (they do) and then go on to show that these individuals have approximately 12% greater productivity than a control group. (Finley, Daniel C)