Having a strategic plan for your business is great – it’s essential. It helps business owners to see what’s working, and what isn’t. From there, a plan can be developed to resolve and improve – so that the business runs better and goals can be achieved.
There are so many different things a business owner can try to do to improve their business. However, without a clear business strategy, owners often get distracted. They sometimes waste time, money and resources (Shiny Object Syndrome!) doing things that don’t actually help them make progress.
This is why it is important to develop clear goals and the specific strategies to achieve them. Then there’s the implementation plan – to actually make it happen.
Your business goals should be based on comprehensive research. They should be focused on attracting customers, strengthening performance and resolving challenges.
Your business strategy enables you to
It also ensures that the implications of any particular strategy on other parts of the business are clearly understood and taken into account. For example, to increase sales you may need time and money to develop and implement a marketing plan, more team members or more equipment.
At DFK Everalls, we can facilitate a strategic planning day with you and your senior team. We can help you identify the opportunities in your business, evaluate them and decide on the strategy going forward.
We ensure you continue to move in the right direction – towards success!
Where is your business now, and where do you want to be?
We start the business strategy process with your values and business purpose. We will help you identify your business’
Then we evaluate and prioritise these issues to develop specific goals for your business.
These could come in the form of fixed targets – or they could be more general, like improving the quality of the product / service or the efficiency of your team. They may also be based around overcoming roadblocks that have been impeding growth in the past.
Our key role here is to make sure these goals are measurable and attainable – and consistent with your business values and purpose.
Time to get out the whiteboard and markers!
We love a good brainstorm. It’s a great way to map out everything we need to do to utilise your strengths, optimise performance, take advantage of opportunities, mitigate weaknesses and overcome challenges.
We guide the development of your overarching strategy that will help you achieve a competitive advantage through an efficient and effective business.
The strategy develops objectives for the Five Pillars of a Healthy Business:
Once we know what needs to be done – we prioritise the issues and figure out what resources you need:
We help you embed the implementation plan into your day to day operations to ensure it becomes part of your daily routine and you actually make it happen!
But what is the point of setting a goal and implementing the strategies if you’re not measuring progress to confirm if you are on track or not?
This can be the tricky part. Some business owners get excited by the planning process, and walk away thinking the hard work is done. Doing business is complicated and not everything goes according to plan. So, it is important to develop and monitor KPIs to see what is working and what is not. You then need to tweak as necessary to ensure you stay on track. Regular monitoring and reviewing takes discipline!
This is why we don’t just hand over your business strategy and send you on your merry way.
DFK Everalls can help. Not only with the development and implementation of your strategic plan, but also the monitoring and refining.
We can make sure you are measuring the right things so that you can identify progress or problems as soon as possible – and tweak the strategy accordingly. We can arrange follow up meetings with you to review the progress and ensure you stay on track.
Celebrating progress and success is our favourite part! It’s what we go to work for every day – to witness our clients’ growth in action and see them achieve their goals.
We will be with you each step of the way – because we live to help build better businesses.
We would love to help your business grow!
You might also be interested in...