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Don’t Play With Strategic Planning

Direct your business strategyWe have all experienced the addictive adrenalin rush that comes with action in sports, at work, or perhaps at home. How nice to throw caution to the winds and be carried away by immediate gratification. Pursuit of quick fulfillment spills into your business practices and is represented by financial fear and knee jerk reaction to change in the market place. How often do you feel decisions are making you instead of you making decisions?  Sometimes it may feel that you are the actor in and not the director of your own play.

Planning

Actors have to prepare for their upcoming roles and make personal changes to add their stamp in creation of an award winning performance. Small business owners are no different, except the award is loyal customers, growth, and financial gain. The difficulty arises in knowing how to become the best at your craft and in your industry. What will you base your winning performance on?

Strategy or Plan? That is the Question

The first step is building a strategic plan for change.  Notice I did not say strategy or plan by themselves. The difference is in execution. Plans are based on a set of specific resources to perform expected actions whereas strategic designs incorporate the best resources and consider their use in other projects at the same time. In effect, doing more with less. Great examples include scripts for phone use, auto responders for e-mails, technology in account management, targeting specific markets, and empowering employees to drive change.

Application

As the year progresses, ups and downs of last year begin to blur and lose their influence over your action. Take the time to review, document, and build these experiences into your strategies for the rest of this year rather than letting them slip into forgotten oblivion. Adopt the use of my Seven Step Method to help lay the foundation. It will focus your attention on creating strategy rather than ineffective plans. If nothing else, begin to make your decisions as a director and not a struggling supporting actor.

6 Tips to Build Success in 2014

Well it’s mid January and the dust of 2013 has settled. Now is the time to start implementing the necessary changes to reach your personal and business goals. Hopefully your business goals are focused, measurable, and realistic because over 60% of people fail to reach their goals before the middle of the year even with strategic planning. Review my previous post about simple rules to use for 2014 and pay attention to punctuality, organization, and building value. It can be hard to know the best steps to take to ensure that you realize your potential, personally and in business. Here is a list of tips to help migrate from this month of reflection and evaluation to February, where you will  build a foundation for change.

Commit to Communication

Communication is one of the key tools for change. Discussing goals and opportunities with friends, family, and colleagues enforces the benefits of your goals and provides support through praise, advice, and  motivation. They may provide the necessary help to get you off the ground. Develop good communication habits by actively listening, responding effectively, and following up. Just like a small business, personal relationships require investment and management.

Finish Your Personal Evaluation

Everyone talks about goal setting, cleaning house, making way for the new, and getting ready. These are all great in concept but don’t lead to action. Take ACTION by finishing your reflective period and start to implement your plan.

Make Realistic Plans

Lofty goals?

Simple Plan… Big Results

In many cases lofty goals are just that, lofty. Make plans that are realistic and part of a strategy for the year not for a single problem. Build daily action that represent steps in your process. For example, in your small business keeping better track of expenses starts with recording them in a daily ledger. Don’t worry about what is going to happen tomorrow or how much you will use for taxes. Just do it! Remember, it is always easier to edit than to create.

Understand Your Value

If nothing else this coming year, figure out your value and apply it to your goals, expectations, and interaction with others. With this knowledge you can make critical decisions  to delegate, outsource, or eliminate tasks and projects that don’t add value or detract from your goals. Ask, how often is time, energy, or money wasted in pursuit of something that can be done faster, better, or for less cost by someone or something else? The answer will startle you and provide motivation for change.

Automate, Automate, Automate

Make it once and use it over and over again. Review practices or habits and remove the “one off.” Automated process and procedures become a way to optimize resources without additional investment. Examples include auto responders for e-mail, information aggregators, monthly payment plans, and online calendars. Regardless of the situation automation can save time, create value, and enhance experience.

Eliminate the Paper Trail

Writing something down more than once creates potential for loss, increase in clutter, and leads to disorganization. Put everything into on online format to make sure it is measurable, traceable, and available at the touch of a button. Don’t write it several times.. type it once and save.

Easy For You to Say

It all sounds great but how is it actually done. The processing, goal-setting, strategic planning, measuring tools, and technology. Where to begin?  Contact me and we can find out together. Don’t wait until tomorrow to make the changes that were necessary yesterday.

 

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