While being successful in business relies on your adaptability, creating strategic plans provide a necessary structure for business owners to pursue and achieve growth goals – and specializing in project management, I emphasize to my clients how efficient assessment, planning, scheduling, and tracking of progress are instrumental in getting the results they need.
Strategic planning requires working on your business, not in it – which is particularly challenging for busy entrepreneurs. Working with a certified coach is a practical approach to getting the additional support you need to dedicate time to strategic planning.
In the meantime, here are some ways to facilitate the strategic planning process.
Plan Ahead
Rather than waiting until after the next quarter to think about new business goals, start thinking about new goals toward the end of the previous quarter: this is a convenient time because you will have access to your financial reports, giving you valuable information about the progress of your business which will help you create your new goals.
Ask Essential Questions
Growing your department or business requires answers to critical questions which reveal valuable information. During strategic planning, you’ll want to ask and answer questions such as:
- What areas of your department or business have excelled in the past year?
- What areas of your department or business have declined in the past year?
- What were the biggest challenges to reaching previous goals or experiencing growth?
- What were your main priorities, and have they contributed to business growth or development?
Schedule Time to Assess and Review
Make time to assess and review previous business goals with the people and staff involved to analyze your data, exchange valuable information, and get that reliable feedback to build a solid strategic plan. Planning an off-site meeting is an excellent way to focus solely on the strategy.
Think About Who Will Need to Be Involved
Creating a solid strategy also relies on reliable feedback. It will be beneficial to create a list of the people who will provide valuable and reliable information on company progress and growth: fellow executives, team leaders, subject matter experts, and more.
Make SMART Goals
Your goals should have a clear purpose with results: vague goals are more unachievable and less likely to benefit your business. Creating SMART goals is a method that ensures your goals are:
- Specific
- Measurable
- Aligned
- Realistic
- Timebound
Overview of My Strategic Planning Sessions
- I analyze your internal and external strengths, challenges, opportunities, and other data points to help you create SMART and purposeful goals for your strategic plan.
- I will assist you with holding a strategic planning meeting with your peers and team.
- I will help you create an action plan for the execution of the strategic plan.
- You will coordinate check-in meetings to discuss the strategic plan progress and address challenges.
Business owners and entrepreneurs needing professional guidance in strategic planning can book a consultation with me today.
