Creating Your 2021 Business Plan

Business Planning: Overcoming Challenges and Leveraging Best Practices

Business planning can often be a daunting task for business leaders, especially when it comes to finding the time and resources necessary to effectively navigate the process. Recognizing this challenge, PACE has developed a comprehensive set of guidelines and best practices that we utilize for our own annual business planning. We are excited to share these insights with you to help streamline your planning efforts.

Our President, Michael Sugrue, and CEO, Shael Risman, recently hosted a free webinar titled “Creating Your 2021 Business Plan” on Thursday, December 10th at 12pm EST. During this informative session, they provided valuable insights and practical advice on several key topics, including:

• Reflecting on 2020: Understanding the importance of looking back at the past year to identify successes, challenges, and lessons learned. This reflection helps in setting a strong foundation for future planning.
• Reviewing Your Current Business Health: Assessing the current state of your business, including financial health, operational efficiency, and market position. This review is crucial for identifying areas that need improvement and opportunities for growth.
• Planning, Processes & Tools: Exploring effective planning methodologies, processes, and tools that can aid in creating a robust business plan. This includes project management software, financial planning tools, and strategic frameworks.
• Setting Goals, KPIs, and Key Initiatives: Emphasizing the importance of setting clear, measurable goals and key performance indicators (KPIs). This section also covers how to identify and prioritize key initiatives that will drive business success.
• Optimizing Business Operations with IT Planning: Highlighting the role of IT in optimizing business operations. This includes leveraging technology to improve efficiency, enhance customer experiences, and support strategic initiatives.
• Q & A Session: Providing an opportunity for attendees to ask specific questions and receive tailored advice. This interactive session allowed participants to gain deeper insights and clarify any doubts they had about the business planning process.