The Power of Business Planning The best businesses don’t just happen; they are meticulously planned, developed and executed. When running a business, it’s easy to get caught up in the day-to-day operations. But taking the time to create a comprehensive business plan is an essential element of success. A well-thought-out business plan can be the difference between achieving your goals and falling short. Here are three reasons why business owners should always make time for business planning. Reason #1: Establishing Clear Goals Having clear goals and objectives for your business is the first step in creating a successful plan. By establishing long-term and short-term goals that are both achievable and measurable, you can ensure that everyone involved in your company is working towards the same end goal. It also helps to define specific deadlines for reaching those goals, giving everyone involved motivation to work harder and smarter. Reason #2: Managing Resources Having a clear pla