Louisville KY – Business Coach Discusses Steps of the Strategic Planning Process

Strategic planning is an efficient path to achieving an organization’s goals, allowing business owners and entrepreneurs to gain valuable insight and follow instructions for accomplishing business goals. When used with the objectives and targets described in your business plan, your strategic plan keeps you on track to business growth.

The strategic planning process shouldn’t be overly complex and drawn out – and you should feel confident your organization will not fall behind on productivity by completing the process. Working with a certified business coach to facilitate will get results on time.

Defining the Strategic Plan

Strategic planning is a blueprint for achieving company development, team development, sustainability, productivity, profitability, value-building goals, and more. A strategic plan includes:

• Long and mid-term company goals
• Objectives to achieve those goals
• The staff responsible for completing objectives
•  A time constraint.

Steps Involved in the Planning Process

• Using a business assessment, we will identify the position and progress of your business, measured by your industry’s benchmark and the top organizations in your industry.
• We then review your business plan to confirm if you’re on track.
• Following is a SWOT (strengths, weaknesses, opportunities, and threats) analysis: involves assessing the internal and external factors affecting goal achievement and business growth. We will analyze your data and gather input from executives, team leaders, vendors, suppliers, and frequent clients to get the necessary information to create goals.
• Identify the key results and challenge areas and create goals to optimize and improve these areas for growth.
• Incorporate action and performance plans, resources, and a deadline into the strategic plan.
• Communicate the strategic plan to staff in a productive and engaging meeting.
• Conduct check-ins to confirm goal progress and address any issues.

Why Strategic Plans Are Essential to Goal Achievement

A well-developed strategic plan provides clarity in pursuing business development and improvement with cost-effectiveness, efficiency, and timeliness. With a strategic plan, you reduce or eliminate nonessential, confusing, and complex tasks and spend less money, time, and resources.

With a strategic plan, you create goals using a critical approach such as a business assessment, financial assessment, and reliable feedback from staff, vendors, suppliers, and loyal customers to confirm they’re purposeful and relevant to your growth.

Working With a Coach to Simplify the Process

Working with a certified coach to facilitate strategic planning will help you spend more time strategizing business growth and less time working on tasks usually delegated to other staff. Your business will develop and grow when you put in the time to invest in strategizing your next plan of action.

It remains common for many business owners to delay or not create a strategic plan because it seems time-consuming: but with a certified professional trained in time and priority management, the process will be simple, timely, and successful.

You can book a consultation with me today to request strategic planning services and bring your business sustainable success.