2022: Are You Ready for the New Year?

Annual planning is one of the most important things that businesses can do to improve their performance. A well-crafted annual plan can help businesses to set clear goals and objectives, allocate resources effectively, track progress and make adjustments as needed, stay ahead of the competition, and achieve their long-term goals.

If you want to improve your business’s performance, then you need to create an effective annual plan. By following the tips above, you can create a plan that will help you achieve your goals and objectives.

Here are some key elements of an annual plan:

  • Mission and vision: The mission statement should define the purpose of the business, while the vision statement should articulate what the business hopes to achieve in the future.
  • Goals and objectives: The annual plan should identify specific, measurable, attainable, relevant, and time-bound goals and objectives that are aligned with the business’s mission and vision.
  • Financial projections: The annual plan should include financial projections that estimate the business’s revenue, expenses, and cash flow for the coming year.
  • Timeline and target dates: The annual plan should identify specific timelines and target dates for achieving the goals and objectives.
  • Contingency plans: The annual plan should include contingency plans that address potential risks and challenges.


Failure to plan is planning to fail. That’s why we work with our clients to develop and manage strategic annual plans. Without a good plan, it’s extremely difficult to improve financial performance, accelerate growth, and build lasting value.

To learn more about how Wolverine Business Solutions can work with you to prepare and execute on your annual plan, please schedule a call using the link below.

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