Annual Budgeting & Business Planning Workshop (2 days)

The main aim of your annual business plan is to set out your business's strategy and action plan. This should include a clear financial picture of where you stand - and expect to stand - over the coming year. Your annual business plan should include:

• an outline of changes that you want to make to your business
• potential changes to your market, customers, and competition
• your objectives and goals for the year
• your key performance indicators
• any issues or problems
• any operational changes
• information about your management and people
• your financial performance and forecasts
• details of investment in the business

Business planning is most effective when it's an ongoing process. This allows you to act quickly where necessary, rather than simply reacting to events after they've happened.

A typical business planning cycle

• Review your current performance against last year's/current year's targets.
• Work out your opportunities and threats.
• Analyze your successes and failures during the previous year.
• Look at your key objectives for the coming year and change or re-establish your longer-term planning.
• Identify and refine the resource implications of your review and build a budget.
• Define the new financial year's profit-and-loss and balance-sheet targets.
• Conclude the plan.
• Review it regularly - for example, every month - by monitoring performance, reviewing progress and achieving objectives.

The importance of Planning

• Those who fail to plan plan to fail.
• A business with no clear goals and no strategies is bound to fail.
• Money spent on business with no plans is throwing money down the drain.
• Start with the end in mind
• Management by objectives
• Budgets and models as keys elements of management and financial strategy
• Controlling costs by analysis, modelling, KPIs, and review of the cost drivers

Who should attend?

Small & Medium Business Owners, General Managers, Regional Managers, Sales & Marketing Directors, Finance Directors and Senior Executives do not have this practice of annual budgeting & business planning sessions in the organization.

About the trainer - Coach Jason Teh

• Certified Professional Coach (ICF-Trained - International Coach Federation, USA)
• Certified Professional Trainer (CERT IV in Training & Assessment, Australia) 
• PSMB (Train The Trainer Program, Malaysia)

Visit here for more about us - https://www.retailcoach.my/retailmanagementaboutus

Course Objective

• At the end of the program, participants shall be able to prepare an intelligent business plan where proper strategies are incorporated into some suitability business models to achieve a clear definite goal and results