Hints & Tips Blog
What are your future ambitions for your business?
How do you see your business progressing? How can you translate this vision into solid plans and a clear business strategy?
Most businesses have a basic plan to boost company performance and achieve additional growth. A Road Map or Business Plan will include some key objectives, detailed figures and projected sales. These are all important to the overall vision, but you also need to take thought for the nuts and bolts of the company’s everyday activities and business behaviour.
This isn’t difficult, it just demands a different approach to planning. Follow our three-step process to break it into smaller stages:
Step 1 : Planning
– What exactly is your vision?
– Where do you want to end up?
– How are you going to get there?
You’re likely to get your best results if you answer these questions precisely and in detail. Starting out honestly and objectively will determine the way the company and its members behave, makes decisions, interacts with customers and engenders employee commitment.
You should be inspiring, challenging, purpose driven and focused on the future: your vision should ultimately shape your business strategy.
Step 2 : Implementation
With a clear vision ahead, you must next use your ideas to implement your business strategy and long-term business plan. You should be able to create some key initial objectives centred on these goals and, wherever possible, make them measurable.
You won’t be able to do everything in one go, so you’ll have to be realistic and prioritise. You’ll also have to determine what resources you’ll need to achieve your objectives and what decisions must be made. In these initial stages, it’s also important to collaborate with key business colleagues and stakeholders, so that you are instigating a shared strategy.
Step 3 : Re-evaluation
Reassess your plans to make sure that your long-term goals will fulfil your vision, incorporating these common critical factors:
- What are you selling?
- Where are your business opportunities?
- What makes your business different?
- What are your sales opportunities and how are they implemented?
- How does your marketing strategy support the sales plan?
- What is your staff structure and business culture?
- What resources and capital do you need?
- How do your financials support your goals?
This process may sound very daunting and sometimes it can be. However, we regularly work with businesses on their strategy sessions and help to break down the vision into bite size actions that enables the business to move forward.
All of our consultants have successfully run businesses and our practical approach to supporting our clients enables us to share our real-world experience to positively impact on the performance of your business
We are offering a free one-hour virtual coffee and the chance to discuss any area of your business where you feel our help and support would be beneficial with a member of our team. Please click here to book to your coffee.