Planning is a critical part of doing business.
Business Planning. Often, because business owners get so busy doing, they don’t take the time to plan.
Business Planning sometimes seems cumbersome and without full business buy in, are often not implemented. Many believe that planning isn’t effective and try to run their business moment to moment. Experts argue the contrary.
What if I don’t plan?
Book here to plan your business. Without Business Planning, business owners get frustrated. You end up doing a lot of rework and ultimately end up wasting resources on projects and activities that never bear fruit. Slowing down to plan isn’t just good business, it could be the difference between experiencing steady growth or having a start – stop ride!
Sometimes business owners only do a business plan to meet funding requirements. It’s then packed away and never look at it again. Is this you? If you have ever created a business plan you understand how detailed they are. A useful business plan allows owners to analyse the data collected which will identifying specific projections of success. Once completed however, formal business plans are often never reviewed, revised or even read.
How Do I Use A Plan?
Business Planning should be seen as a living document. Regular updates and revisions are necessary so that businesses can be more proactive rather than be reactive to changes in their marketplace. If a business started 2020 projecting growth, based on the most recent economic conditions, they wouldn’t have been alone.
Most businesses started 2020 with an optimistic outlook. Some might have been more conservative than others due to their specific industry. But most business owners were riding the positive waves of productivity and prosperity sweeping most global markets. Then the COVID 19 Pandemic changed everything, overnight.
Book here to get on Quarter 4 2022 GrowthCLUB
How Did COVID-19 Affect Us?
The 2020 Pandemic swept the globe quickly and in a matter of days and plans for 2020 needed to be altered. Over the course of 6-8 weeks it was crisis management mode. Whether scaling back, shutting down or ramping up operations to meet new demands, business owners had to pivot and shift resources, capital, and employees immediately.
Whatever businesses had planned to do was replaced with whatever is needed to survive.
As the Pandemic scare begins to subside and businesses reopen, planning for the near future has never been more important. It is vital that planning for a business not be regulated to intangible wish lists and hypothetical responses to ‘what if’ scenarios. Instead, business planning consistently and more frequently can lead to immediate success and help a business owner establish long-term systems and processes for growth.
Book here to get on Quarter 4 2022 GrowthCLUB
Regular and more short-term planning cycles allow a business to pivot and respond more effectively to external and internal changes. If an owner develops a healthy and productive planning process for their business, they have vital information at their fingertips at anytime.
The owner don’t have to scramble to collect it when there is a crisis. They can then jump into action, based on data, facts and historical information. If something dramatic such as the recent pandemic happens to threatens their businesses’ well-being.
Without a regular and consistent pattern of planning, business owners are starting from behind from the outset. Using business planning as a means to end means that planning becomes an organic part of your business, instead of a special event.
Book here to get on Quarter 4 2022 GrowthCLUB
So How Can A Coach Help?
We help you to establish regular planning cycles. Planning is critical for success and often sheds light on opportunities. We use a systematic approach in which planning becomes a normal course of business. You will develop planning habits through GrowthCLUB.
Book here to get on Quarter 4 2022 GrowthCLUB
“It’s part of our comprehensive business coaching system. GrowthCLUB is a unique approach to make planning regular and consistent” Brad Sugars, founder and CEO of ActionCOACH.
What Is GrowthCLUB?
Growth Club helps you to create actionable and relevant plans. The purpose of the workshop is to assess where you are on your long-term plan. We review what you did in the last 90 days. We then develop go forward plans for the next 90 days. It increases learning and gives a structure to plan growth.
Find out more by getting in touch with me today. Book a 15 minute call here and learn more about GrowthCLUB. Message me at ianfinney@actioncoach.com or fill in the contact form by clicking here.
