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The importance of business planning

Photograph of two business men discussing a diagram

The evidence is that businesses that plan are much more likely to survive.

If they don't plan, at best they'll miss opportunities, but at worst it could be a real risk to survival when something unexpected hits their business. In this feature orginally published by Growing Business, Stephen Pegge talks through the key elements of planning that businesses should be doing in today's uncertain environment.

Stephen Pegge, Head of External Affairs Commercial, Lloyds Banking Group.
Lloyds TSB Bank plc, Lloyds TSB Scotland plc and Bank of Scotland plc (members of Lloyds Banking Group), are authorised and regulated by the Financial Services Authority. FSA authorisation can be checked on the FSA's Register at: www.fsa.gov.uk/register/.

Lloyds TSB Bank plc, Lloyds TSB Scotland plc and Bank of Scotland plc are members of the Financial Services Compensation Scheme and the Financial Ombudsman Service.

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