| Writing a strategic business plan is a critical business | | | | of long term success. |
| management skill that unfortunately in small business is | | | | 4.Focus on goals and directions |
| often neglected or ignored. Various studies show that | | | | Goal orientated companies generally out perform |
| only one in ten businesses have an up to date written | | | | those without goals. A big statement but a truism as |
| business plan. Many businesses do a plan at some | | | | far as I am concerned. Are your business goals |
| stage but 90% do not have an up to date consistent | | | | written down and clear? |
| and competent planning process. | | | | If not, consider a 5 year view, a 1 year view and a 90 |
| As a business coach, I create 90 day action plans | | | | day view of your business and personal goals that are |
| every 90 days for all of my clients and the direct result | | | | written down and smart tested. Smart tested stands |
| is motivation, direction, focus and better results. | | | | for Specific Measurable Achievable Realistic and have |
| So what are the benefits of writing a strategic | | | | a Time-frame. |
| business plan? Well here are 5 main reasons why | | | | 5.Improve the efficiency of your systems and overall |
| writing a strategic business plan equals maximum | | | | business performance |
| business success. | | | | Policies and procedures are a vital part of your |
| 1.Better Management Results | | | | business improvement so writing a strategic business |
| Business planning has long been recognized as one of | | | | plan must outline what procedures you intend to |
| the first and critical functions of superior management. | | | | improve over the next ninety days and beyond. A |
| When planning is not done it is so much harder to lead | | | | practical step depending on the size of your |
| effectively, to organize key staff, to know which | | | | organization is to take one system or procedure every |
| marketing strategy to implement and to know how to | | | | one to two weeks and write it down, look at it's |
| grow your enterprise effectively. | | | | process and involve your team (if applicable) in |
| 2.Keeps your business on track and in better control | | | | improving it and document it further. |
| There is a proven link between effective leadership | | | | Imagine the difference in your business if twenty six |
| control and planning. Why? A business moving | | | | policies and procedures were focused on and |
| towards a set of pre-determined goals and targets, | | | | ultimately improved each year. Now that is continuous |
| with specific strategies, has against this, a set of | | | | improvement at its greatest. Writing a strategic |
| measurements and tracking to control if it is effective | | | | business plan with the planned procedures is an |
| or not. With this crucial information, a business can | | | | important bridge between thinking and implementation. |
| therefore make better decisions enabling a better | | | | Writing a strategic business plan need not be a |
| chance of success. | | | | complicated, drawn out process. It can be motivating, |
| 3.Integrate personal and business goals effectively | | | | enlightening, empowering and reflect the true feelings |
| By focusing on a mix of personal and business goals | | | | of leaders and others to achieve outstanding success. |
| creates a more realistic feeling going forward. After all, | | | | If you are serious about getting business success you |
| business and personal are always entwined. We all | | | | must have a strategic business plan. Otherwise where |
| want to achieve more in our work or career so that | | | | you want your business to go and where you want it |
| our personal live is more effective. | | | | to be might not be where it finishes. Business failure |
| A great idea is to put into every plan your three top | | | | and the lack of planning go hand in hand. The statistics |
| five year goals for your company. Then your top three | | | | tell us this. You need a plan to give yourself the best |
| personal goals (only if you are the leader or owner). | | | | possible chance of outstanding success. |
| Then deviate to the short term. Write down your three | | | | If you would like to learn how to write a strategic |
| top one year business goals and personal goals. Have | | | | business plan with some of the world's best planning |
| the courage to do this and put it in writing. Review it | | | | resources, then you must check this program out. Best |
| weekly and look at the possibility of changing your plan | | | | Business Planning Resources It's guaranteed and |
| every 90 days. Follow this formula for the best chance | | | | thousands have got the results to prove it! |