➜ The importance of strategic planning in business
➜ How planning helps you build efficient business systems and processes
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Out of all the things you can do to foolproof your business for the future, setting up a strategic plan is one of the most important steps you can take.
In this video I talk with Mike McKay about how important it is to set up a plan for your business to stick to.
One of the most common excuses I hear for lack of a strong plan is that it’s hard to see that far down the road. How is someone supposed to know what circumstances they’ll be facing 3 years from now?
Here’s the problem with that line of thought. If you don’t know where your business is going to be in a couple of years, how are you going to set up the systems and processes that will last for the foreseeable future?
In order to take the right steps, set up the right systems, and hire the right people, you must have your business’ next few years planned. Otherwise, you’ll just be flying blind.
CONNECT WITH PETER BOOLKAH:
ABOUT PETER BOOLKAH
Hi, I’m Peter Boolkah, business coach, keynote speaker and winner of over 32 major coaching awards.
I know how difficult running a business can be and how overwhelming it can feel when things aren’t going right. One thing I tell my clients is never stop believing in your dreams. Even if you feel your business is wearing you down, you can always find a way to reverse the trend and get back in the game.
Many of the entrepreneurs I work with are great leaders and innovators. However, their businesses lack structure, systems and management. If you don’t have all these parts working in harmony, your business won’t reach its potential. Whether the ultimate goal is to keep or sell your business, you want to see growth year-on-year.
My transition into business coaching came after spending 15 years at McDonald’s. Working for one of the world’s biggest corporate brands exposed me to all aspects of business and gave me the skills and experience to establish my own company.
I know that many entrepreneurs learn by trial and error, but unless you have an endless stream of capital behind you, your chance of success is rare. You often need someone experienced who can analyse your business objectively and put emotions aside when big decisions need to be made.
I’ve been lucky enough to assist many like-minded business owners. These are people who use their success to help those less fortunate. I’ve found that supporting a charity, like B1G1, has given me even more motivation to succeed. It’s wonderful to know that when my business is doing well, many people have the opportunity to live a better life.
In this five-part training series, I guide you through simple steps to develop a strategic plan for your nonprofit organization. In this fifth and final strategic planning video, you’ll learn how to create an action plan that will help you implement your strategy, track your progress, and decide when it may be time to pivot. You’ll also get a worksheet with a simple Action Plan template, so that you can start to create a plan that will turn your strategy into results.
To get the worksheets that accompany this video, visit https://static1.squarespace.com/static/5627b5f8e4b0869ef50b8545/t/566706dcdf40f3e879f6aaa9/1449592540147/Strategic-Plan-Worksheet-5-Action-Plan-Template.pdf.