Importance of Having Business Planning Good business planning is more than just ensuring the stability of your business should you die or become disabled. It also includes the business to reward yourself and your key people while you are living.
You know the importance of delivering a good product or service and standing behind it. You also know the importance of keeping the books balanced, hiring qualified employees, beating the competition and meeting ever-increasing customer service expectations. But until you address the issues of retirement planning, business continuation and rewarding and retaining key employees, everything else could be in jeopardy.
source: small business owners 2009