The development of high quality plans depends on setting aside as much time as possible and working with the right team. It is important to implement S.M.A.R.T goals and to have someone hold you accountable against them – execution is key.
Here are the 4 Steps to Planning:
- Situational Analysis
- Developing Business Objectives, Strategies & Metrics
- Plan Implementation
- Evaluate the Results
Situational Analysis requires an evaluation of your current situation.
- Do you have a vision and mission for your company?
- What makes your company unique?
- Take a deeper look into your firm’s
- Customer Service
- Staff Development
- Operations etc.
- Conduct a Gap Analysis – Difference Between Where You Are Today and Where You Want to Be.
- Strengths Weaknesses Opportunities Threats (SWOT) analysis
Make sure when you set your goals they are S.M.A.R.T. Specific, Measurable, Achievable, Results Orientated and Timely. This is where some planners get tripped up. Always ask yourself the question back is this goal measurable?
“A man without a plan for the day is lost before he starts.” Lewis K. Bendele
“Most people don’t plan to fail, they fail to plan.” John L. Beckley
How can you develop a Winning Strategic Business Plan?
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