Saturday, May 5, 2012
Small Business Plan Strategies
Is it really necessary for small businesses to have a business plan strategy? Some small business owners will take the position that business planning is not necessary for their situation because everything is in "great shape". In this case the need for a business plan can be easily overlooked, but that does not mean that this is really the preferred path given all of the possible alternatives. Things can and do go wrong regardless of how well a business is currently doing. This is precisely the rationale for having a contingency business planning strategy in advance of something going wrong.
Stephen Bush is the Founder and Chief Executive Officer of AEX Commercial Financing Group. Steve is a graduate of Miami University (Oxford, Ohio) and obtained an M.B.A. from the University of California, Los Angeles. Prior to founding AEX, Steve served as an officer in the U.S. Navy Supply Corps and as a business/government advisor. AEX Commercial Financing Group is based in Ohio and provides business consulting that focuses on (1) commercial lender negotiations on behalf of business owners; (2) practical solutions for avoidable business problems and risks; and (3) business communications with lenders and businesses throughout the United States and Canada.