Writing A Business Plan – Part 3
Think of your strategies and actions as the tasks you need to achieve by a certain date to complete an objective. These connect the dots between where you are today and the future goals you want to achieve.
Think of your strategies and actions as the tasks you need to achieve by a certain date to complete an objective. These connect the dots between where you are today and the future goals you want to achieve.
Once you have created your Vision and Mission statements, it’s time to set your future objectives. These are the goals or targets you want to reach at some future date, usually in 3-5 years. For a small business, you may create goals/objectives with shorter time horizons, say 6 months, 12 months, and 24 months.
Do you find crafting a vision statement for your small business or department a challenging exercise? Many clients I work with find this one of the most difficult aspects of writing a business plan. Part of the reason is that it addresses the concept of WHY. Why we are in business and Why our clients or customers choose us rather than our competitors.
As a small business owner, you may be so caught up in the day-to-day operations of your company that you haven’t had the time or the inclination to create a formal business plan for growth. A business plan is your personalized growth blueprint.
While it’s understandable that you’re focused on keeping your business afloat and managing the daily challenges, having a solid plan for growth is essential for the long-term success of your business.
Rapid growth causes overwhelm, especially for small business owners who haven’t taken the time to plan in advance. They set up their business and start the marketing without any road map for growth. Then as new business opportunities come their way, they step up to meet that demand, until one day they realize they have no…
Takeaways: 1) Age demographics and volunteer burn-out are dilemmas for member-based non-profit organizations, 2) Why clear and concise communication is paramount, 3) Why change must be embraced with a revolutionary approach. Member-based non-profits inherently are subject to the dreaded disease of volunteer burn-out. As I scan the world for member-based non-profits and consider their membership…
A while ago I came across an article written by Noah Weiss for Medium.com (Nov. 2014), which describes a simple planning model he calls #now, #next, #later. In it he discusses a method for smaller businesses and teams to create effective action plans using what he calls “Priority Buckets”. As I read on, I realized…
By Eric A Denniston, Managing Director, Denner Group International, Inc. Takeaways: Overcoming planning mistakes requires some strategic thinking up front to ensure all the possible outcomes and issues have been addressed. A few years ago, I had the opportunity to address a group of folks who were undergoing some community-wide leadership training. I was asked…
By Jeri T & Eric A Denniston, Denner Group International 3/24/2013 A Case Study about how lack of planning creates unintended consequences Takeaways: Planning is critical to ensuring your objectives are realized. Lack of planning can cause unintended consequences that affect your outcomes and leave you with less than satisfactory results. Imagine you own a…
By Eric A. Denniston, Managing Director, Denner Group International 3-22-2013 how you think matters when doing business planning Takeaways: Gain clarity in how the type of thinking can affect the outcomes of your work and planning for your business. Get some insight about the importance of skill building in how you think. Haven’t you…