Businesses require strategic planning to keep daily operations functional and to build a concrete path to longevity. Strategic planning affirms the business owner’s long-term goals and vision of the company, assesses the business’s current organizational and operational departments and structures 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 solid business plan with optimal productivity.
The following are matters to consider when making a comprehensive strategic plan:
- Consider your original aspiration of owning a business: is your business currently organized and operating according to your personal and professional ideals? If so, does it need adjustments or improvement?
- Clearly define company values, milestones, and goals – these will serve as guidelines for you and your team with delivering services, completing work objectives, and achieving goals.
- Pinpoint where your company currently stands in the market. Are you providing services to the right niche? Has the position of your company changed and do you have the insight and the resources to adapt to changes in the market?
- Are you able to assess performance based on any changes and improvements made? You should be able to track your company’s progress in productivity, finances, and other areas to analyze the growth of your business.
How FocalPoint Develops Your Strategic Plan
- We assess the current state of your business using our Diamond Map method.
- We develop an action plan to set and reach current and mid-term goals and objectives.
- We look at Key Constraints and adjust, change, or remove limitations: no more wasting time and resources on what isn’t lucrative, what doesn’t produce beneficial results, or doesn’t create commercial growth!
- We guide our clients on planning and prioritizing each day more efficiently. We want our clients to save valuable time!
- We then teach the importance of correctly delegating tasks so business owners can get significant tasks done in a timely manner.
- We help clients identify the Key Results Areas, which will be considered fundamental operations to focus efforts on.
If you’re ready to create a solid strategic plan to scale your business and you reside in Plymouth, Minnesota, or Hennepin County – including Minnetonka, Golden Valley, Wayzata, or Maple Grove – give FocalPoint Business and Executive Coach Adam Thompson a call! Adam can also conduct training over Zoom for clients across the country or internationally!
Adam Thompson has over 20 years of experience in sales, sales management, operations, and general management. He has worked with several businesses – from corporations to locally-owned small businesses – to identify and refine their operations for maximum productivity! Reach Adam Thompson at 612-965-2971, email at athompson@focalpointcoaching.com, or click here to take the Business Growth assessment!
