Did you plan your 2019 business year?
Did you plan your last vacation?
Which did you spend more time in preparing?
According to Stefen Tofler, as a small business owner it is very tempting to neglect planning altogether, especially if you are the only person in the company. After all, planning can be a time-consuming process and for small business owners time spent planning is likely to be time when they are not earning any money.
But, the benefits of good planning will far outweigh any temporary loss of earnings.
The great thing about a business plan is that it can provide a reference point for you to return to at any point during the project. Just looking at a plan and seeing how far you have come is a great motivational tool. It can help you determine whether you have drifted too far away from your original vision and allow you to get back on track once again.
Writing a business plan will also help you to think more analytically than ever before about your industry and the role of your business within it. It will help you to see correlations between the different parts of your business e.g. how decreasing the cost of a particular process will affect your overall profit margin.
Strategic Solutions focuses on working with all sizes of businesses ranging from sole proprietors to large companies. We focus on helping our clients in making improvements in personnel development as well as strategic planning throughout the organization.
One company we worked with is a fast growing company in the human resource outsourcing field. They had just been acquired by a larger company and were experiencing personnel growing pains. In particular they were hiring and promoting people into first level management at a record pace. We implemented a Team Leadership process for the new managers with particular emphasis in sales management and in addition training for sales staff. This engagement lasted for over 7 years. Many of the managers went on to other companies were they reached out to Strategic Solutions to help in the personnel development in those companies.
