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ISCOVER
Staff Reporter
Brokers who review their yearly business plans on a continual basis are more likely to achieve their targets, new research has revealed.
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According to Macquarie Practice Consulting’s 2012 Mortgage Broking Benchmarking Survey, those who review their business plans more frequently have a better financial performance.
As a result, Macquarie Practice Consulting is encouraging businesses to start thinking about a 90-day plan in the run up to the New Year and take the time to re-set and refresh before the busy festive season takes off.
Fiona Mackenzie, associate director for Macquarie Practice Consulting, said the idea of a ‘spring clean’ makes good business sense.
“Many businesses put a focus on planning and making sure they have their plans in place at the beginning of each new Financial Year, but they don’t always put such a focus on conducting regular health checks throughout the rest of the year,” Ms Mackenzie said.
“It’s a basic business hygiene factor to regularly check how you are tracking against your business plan and making sure you are on track to achieve the goals you have set.
“Before businesses get into the busy festive season, it makes sense to check in and make sure you are on the right path. If you’re not, now is the time to make the changes required to help you get there.”
