“If you don’t know where you’re going, any road will take you.”
“Those who fail to plan, plan to fail.”
These old maxims still bear truth. Although it is fun to let life and business take you where it may, a smart business person will realize the power of a well-conceived plan for her business. And here’s the secret: A thoughtful business plan will provide you the freedom to make informed choices and take advantage of the right serendipitous events in the life of your business. In other words, a plan gives you to power to be creative in how you pursue your goals.
November is the perfect time to gather together your leadership team to plan for 2016. The current year is almost over, so it’s time to turn your gaze toward the possibilities of the coming year. And, if you wait until January to do annual planning, you miss out on valuable time that could be spent executing to your plan. We recommend that small businesses use a simple form for annual planning. There are many templates available to you:
A wise business owner will also identify a 10-year vision for his company. This future state projection can include both hard numbers, such as revenues and profit margins, and the desired impact. The impact will ideally incorporate concepts from your purpose statement. For example, one of my client’s purpose statements is “Enriching human connections through innovative workplaces.” Their desired 10-year vision might be to
Several of my clients are planning their 2016 strategic planning sessions right now. When will you schedule your planning meeting? Remember, if you fail to plan, you plan to fail!
Kristin Robertson, CEO of Brio Leadership, is dedicated to increasing the number of employees who are excited to go to work on Monday mornings. Services include executive coaching, leadership development classes and company culture consulting. Don’t forget to get a copy of Kristin Robertson’s new book, Your Company Culture Ecosystem, available on Amazon.
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