The Impact of Business Planning Statistics Strategic Growth [Video]

Navigating the world of business planning can sometimes leave you feeling knee-deep in a jigsaw puzzle. We understand that feeling, staring down the substantial task of piecing together a robust business plan while wondering, ‘Is it worth all this effort?’.

Did you know research illustrates that businesses with strategic plans grow 30% faster? Throughout this article, we will go deep into such intriguing statistics. Unlocking the power of proficient planning 

Businesses with written business plans grow 30% faster than those without. Companies with a plan are more likely to succeed within the first few years, with over half of new firms failing in year one and 44% failing by year three. A strategic plan increases the chances of growth and long-term success for businesses. Strategic planning provides benefits such as an increased chance of securing funding, providing a roadmap for success, helping to prioritise key objectives, and improving delegation and …