Business Planning & Growth

Tracking your progress with a business plan

As a business owner, you have a million and one things you need to do. It’s so easy to get caught up in the day-to-day, working out queries around your finances, compliance, and staff, that you never get a chance to take a step back and look at your business as a whole, or check on whether you’re achieving what you set out to achieve. 

Business plans are there to help, providing an essential touch point to help ensure your business is achieving its potential. A business plan can provide a base for all your business decisions – from finances and staffing to strategy – and offers a consistent source for you to go back to when reviewing your business. 

No matter what size your organisation is, whether just starting out or well-established with years behind you, a business plan will help make sure you’re achieving your vision. 

Helping you to navigate uncertainty 

Business plans are also essential for managing change – when significant events occur, particularly unexpected ones such as COVID-19, business plans help guide you through, providing a foundation and guiding document as you navigate through the uncertainty. 

Your plan also helps inform your other key documents such as your budget and strategy. 

Understanding your sector and region 

Business plans require careful thought, which is why we tailor any plan to your individual circumstances. A comprehensive plan must consider all the strengths and opportunities available to you, as well as the risks facing your business. They require an extensive understanding of your sector and region and other circumstances that might inform your targets and goals. 

BDO’s sector-specific teams have extensive knowledge of your industry, and our presence across Aotearoa’s regions means we understand the unique local conditions your business operates in. We tailor your business plan to your individual needs, size, and maturity. 

Reaching your business growth goals 

At BDO, we can help you on your business growth journey. As advisers to more than 25,000 privately-owned businesses across New Zealand, the BDO team understands what it takes to make a business grow and succeed. 

Our advisers take into consideration your business aspirations and your life goals when helping you develop your business growth strategies. We can run regular reviews to help you meet the goals set out in your plan. 

How BDO can help

  • Management reporting 

To learn more about how we can help you create a business plan – to help your business be the best it can be - contact one of our local offices today.