At The Directors’ Centre, we try to avoid unnecessary paperwork, processes and systems. Don’t get me wrong, we’re all for plans, but only the ones that really add value to the process of running and growing our business.
However, over the years I have noticed that quite a few of the businesses I work with don’t even have the basics in place. So my question is; if you haven’t documented your strategic business plan, then how can you share it and how can you check whether you achieved what you originally set out to do?
For your business to be a success you need the following (and they can be simple, one-pagers) entitled:
– Strategy Plan
– Financial Plan
– Marketing Plan
– Operations Plan
Assembling these strategy documents in a clear and concise order should leave you with a beautifully assembled jigsaw, aiding future business growth. Along with the plans, you should build a dashboard to measure your monthly targets and progress against the strategic plan.
Getting these business fundamentals in place allows you to focus on creating a can-do attitude in the business. Talking shops have been translated into action lists and this creates accountability. This frees up headspace to deliver rather than faff about endlessly discussing what you are trying to do.