Strategic planning gives business owners and entrepreneurs valuable insight and concise instructions for accomplishing business goals. When used with the objectives and targets described in your business plan, a strategic plan contributes to further business growth – including higher sales, higher productivity, lead generation, and more – with efficiency and timeliness.
Strategic planning may seem time-consuming, but it is necessary for business growth. Business owners consult with certified business and executive coaches to simplify and conduct the process promptly.
I offer training for my clients to develop a clear and solid organizational strategy that successfully utilizes team collaboration and the most effective action plans and resources to achieve results. You’ll find a briefing on my strategic planning process below.
Strategic Planning With a Certified Business Coach
- We assess the top constraints to your growth with your executives, leaders, vendors, and partners to help you set goals to adjust, change, or remove limitations.
- We identify the key results areas available to capitalize on and maintain market competitiveness.
- I help you create action plans for the execution of the plan’s objectives.
- We will communicate the strategic plan to all of the staff. I’ll act as the facilitator to encourage and answer any questions and address concerns to have an engaging and insightful meeting.
Steps Taken During the Process
- I assess your purpose, mission, vision, and values to determine your past and current progress in fulfilling your personal and professional goals – this informs us of what new goals will give you the results you want and need.
- I conduct a SWOT analysis: we will identify strengths, weaknesses, opportunities, and threats to create purposeful goals and objectives conducive to goal achievement.
- I use financial assessments to determine your organization’s position in the market compared to the benchmark and top 10% of your industry to create purposeful budgeting, revenue, sales, and valuation goals.
- I will create action and performance plans with key performance indicators to implement expense reduction and focus on any necessary business skill development.
- We will schedule check-ins to confirm the completion of objectives and that your organization is on track with the plan’s deadlines.
Why Should Businesses Follow Strategic Plans?
With a strategic plan, you reduce or eliminate nonessential, confusing, and complex tasks and spend less money, time, and resources. Additionally, you create goals using a critical approach such as a business assessment, financial assessment, and reliable feedback from staff, suppliers, and even your most loyal customers ensuring they’re purposeful and relevant to your growth.
You Can Prepare for the Planning Process Now
I advise all entrepreneurs to schedule a time to commit to gathering the resources necessary to start a strategic plan. Working with me is a great way to step back from the daily grind to assess your progress with an objective professional.
Entrepreneurs can book a consultation with me today for assistance with developing a solid organizational strategy.
