A comprehensive strategic plan is essential to establishing priorities and sustaining optimal daily operations to ensure business longevity. Creating a complementary department structure and maintaining functional workplace results in business productivity and consistent growth.
Strategic planning affirms the business owner’s long-term goals and vision of their company, assesses the business’s current organizational and operational departments needing improvement, tracks growth, and keeps a record of the decisions and steps taken to carry out necessary changes. When you create a concise strategic business plan, you create a guide that is rich with resources to navigate challenges and enables you to stay on track to achieving long-term goals.
The Benefits of Using a Strategic Plan
- The long-term goals of growth serve as the basis of operations.
- Business owners have a written procedure to rely on when sudden changes occur.
- Growth is traceable.
- Strengths and weaknesses are recorded, giving business owners more perspective on what processes should be improved.
How a Business Coach Develops Your Strategic Plan
Strategic planning by a business consultant involves creating a concise and detailed business blueprint to improve areas of a company’s daily operations or departmental structure for long-term functionality. A solid strategic plan keeps a record of all the steps taken so entrepreneurs can retrace them and further analyze what has and hasn’t worked in running their company in the past. Strategic planning provides a foundation for businesses to reorient toward commercial success, improve productivity, and continuously create and recreate cost-effective, efficient, and time-saving solutions.
Here are components of a strategic plan that we focus on in our business coaching consultations, which have been proven beneficial in promoting business growth:
- Assess your organization’s current productivity, value, and position in the market. This puts your progress and potential for growth or decline into perspective.
- Create long-term goals and objectives which will serve as the foundation of running your business.
- We analyze your financial resources and budget.
- We look at Key Constraints and adjust, change, or remove limitations.
- We reidentify your niche and then reestablish any marketing, advertising, and services.
- We guide our clients in planning and prioritizing daily tasks with more efficiency. Time management is key to completing tasks!
- We then teach the importance of delegating tasks.
- We help clients pinpoint the Key Results Areas and prioritize them as fundamental to your company’s daily operations.
For strategic planning services, contact FocalPoint Business and Executive Coach of Dublin, Ohio, John Kelly! John Kelly has served as an executive sales leader at several companies including MillerCoors and Heineken, where he created strong sales strategies to drive revenue growth and consistent market share growth. To book a consultation, call 740-602-9175, email him at jkelly@focalpointcoaching.com, or click here to take the Business Growth Score Assessment.
