Do I need a business plan and a strategic plan?
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It is important that you review and update your business plan (objectives) at least once each year. Regular review of your business plan will help you to judge your business success, identify necessary changes and resolve issues before they develop into disasters. A regular business plan review will also help you to develop strong business forecasts for your business, especially when the information is updated monthly.
Your strategic plan on the other hand must be adjusted more frequently. This is more and more important as the external environment in which a business operates changes increasingly rapidly. While a complete overhaul of strategies may be unnecessary, it is essential to frequently monitor and adjust ‘how’ you are working to achieve the objectives.
The faster you are growing the more frequently your business and strategic plans should be revisited.
A little used strategic lever that could help you grow 4 x industry average
Eliminate frustration, confusion and conflict and grow 4 x faster than the competition with one little used strategic lever … Values Did you know that research proves a business with strong culture based on shared values will grow four times faster than other companies?* That’s because values impact every aspect of your business and when they […]
Can You Say “No” To A Client?
I knew this month was going to fly by and it has!!! I’ve had a blast putting together the webinars for my new 7 week programme on how to grow a small business by focusing on your ideal customer! It’s been so much fun putting it all together and I’m super excited about the outcome. Along […]
When is it better to be fast and when slower?
The critical difference between planning and implementation Overnight success, speed to market, the fast eat the slow, if you don’t get there first you don’t win. There are multiple ways small business owners are constantly cajoled to be fast, faster and fastest. In growing a business there is definitely time when speed is important but […]
How to move from stuck to extraordinary performance
Few good ideas make the leap to a real possibility – or a vision, as distinct from mere thoughts and conversations. What distinguishes those that become reality is the sheer expectation and faith of the individual generating the idea, transforming thought into a real possibility and a compelling vision. The distinction…… a visceral passion to make things happen.
How to find the Time to do What you Need to Grow Your Business
The news of full of the drought we’re experiencing right now which seems to be extending daily. The paddocks are dry, there’s not enough feed for now and the threat is that the grass won’t recover in time for strong growth in spring. It’s the same in business. I was in conversation with a client […]
We used to make sh*t and build sh*t in this country
I read David Thomson’s blog post today and share his sentiment that we used to make shit and build shit in this country (NZ I’m talking about). David said he was filled with despair when he read that Haier now own Fisher and Paykel. I was too. Another company with the profits going offshore. More […]
An old lesson in success
“That’s OK I can do that tomorrow”. That’s the reply I frequently got when I was Greek Operations Manager teaching young engineers their job. My role as fleet manager was to ensure our guests had the best holiday EVER so they would refer friends and family and come again and again themselves. And they did, […]
Every cloud has a silver lining – it’s up to us to find it
I get the sense that some people feel they’re sitting under a black cloud and yesterday’s budget didn’t do much to shift it. However every cloud has a silver lining and as business owners it’s up to us to discover what that is in our business, in this current environment. Call it a sea change […]
Be – Do – Have
Who we are ‘being’ determines what we do and what we have. This is as true of businesses and organisations as it is of individuals.
One of the hidden barriers to growing a business is the desire that we may have to do the things that are familiar, to stay in our ‘comfort zone’; or let the ‘glass ceiling’ determine our aspirations and results.
