With the end of the calendar year upon us, it’s time for the annual ritual entrepreneurs love: planning. Why do entrepreneurs love planning? Easy, because it’s an opportunity to dream about the future. Entrepreneurs love scheming up the next big thing.
Here are a few ideas about startup annual planning:
- Make a simplified One Page Strategic Plan and share it with the entire team
- Put together an annual budget with a focus on cash flow and cash burn (here’s an example Marketing Budget Google Spreadsheet Template that can be adapted)
- Read Rory O’Driscoll’s thoughts on annual planning
Annual planning is an important part of every startup and shouldn’t be overlooked.
What else? What are some more thoughts on annual planning in a startup?