Business Mentoring - Strategy Building Programme (6 months)
Successful entrepreneurs consistently say that planning, setting goals and sharing them is a critical element of getting their businesses more profitable. If strategic planning is one of the critical factors in Business Success – why doesn’t everyone do it?
The problem is STRATEGIC PLANNING appears to be difficult, time-consuming and overwhelming for many business owners.
Imagine 6 months from now, looking back on how far you’ve come now that you have the focus and energy to get your business fitter so you can look forward to a richer, happier future? Imagine feeling less stressed and distracted because you have a plan with priorities and clear actions. Imagine feeling like you are in control rather than running around in circles and getting nowhere.
Here’s how to get started with your strategic planning, be it for succession planning, exit plans or simply to have a business that runs smoother and easier:
What you get:
- The VALUE ADDING Assessment and business valuation
- Full initial Strategy Session (1 or 2 days).
- Action and Implementation Plan
- 5 monthly strategy progress and accountability sessions (can include team if desired).
- Sounding board calls between meetings.
- Commercial awareness or ownership mindset workshops for team.
- Access to business tools and advice from a wide network of partners.
- Closing strategy session (full day)
Business mentoring will help you overcome some of the biggest obstacles business owners face, such as:
- Feeling overwhelmed
- Lack of skill
- Don’t know where to start
- Thinking it won’t make a difference
- Not enough time
- It’s too expensive
- I’m not looking for investment
In reality making a plan, writing it down and measuring your progress against it is one of the biggest factors in the success of both commercial enterprises and life! It doesn’t have to be complex. In fact, the simpler the better. It should be shareable, understandable and engaging for all the appropriate people involved in the business.
97% of business owners have no plan
It’s time to become exceptional and get a plan in place
Making a plan does not have to be complex. The simpler it is, the easier it is to follow and explain to other. It helps if you have a clear idea of what it is you want to achieve and, more importantly, WHY you want to achieve it.
Reminding yourself of the reasons you are doing it becomes key to keeping positive when the going gets tough. Prioritising those activities is a fundamental part of your success so make sure you get the best value for your business.
Remember that if it were easy everyone would be doing it!
A carefully, well thought out plan makes a significant difference to what you achieve in a specific period of time. Strategic Planning (including succession and exit planning) helps you and your team make the right short-term decisions to achieve long term goals. If goals are clearly articulated and joined up with a vision and shared values, then the company has a framework for making effective and speedy decisions.
Even if you think you’re not going to exit in the immediate future, remember that nearly 60% of all business owners leave their business in unplanned circumstances. Being prepared means that no matter what happens, your biggest asset is protected.
Strategy is simply a plan of action designed to achieve a long-term or major aim. Succession and Exit planning is always strategic.
Goals make it easier for activities to be prioritised. Work is focused on those activities that are important to the achievement of the long-term ambitions of the organisation. When big goals are broken down into smaller, more manageable ones they are less daunting. When goals are shared with the entire team or external partners the resulting actions reduce waste and errors.
With a plan in place, it is easier to make short term changes in direction whilst still maintaining the direction of the long-term mission. The world is changing at an increasing rate – technology developments, changes in social attitudes and legislation all impact your business and demand rapid changes in the way you operate or the way your customers perceive you. Being flexible allows changes to be acted on more quickly in light of a lot of change. It also means if you are approached by a buyer, for example, you can make decisions that are good for you and your business not just react to someone else’s agenda.