Do
you have a plan for GROWTH?
Do you have a clear vision
of where you are going to take your business? Are you sure that everything you
do today to increase turnover, acquire more clients and reduce the amount of
time you work in your business is actually working? Successful businesses
develop strategic plans to move their business forward, to grow and succeed.
The first role af any owner or director is to have a plan, from star-up onwards (not for the banks) but for you to own and deliver. That plan needs to be kept alive, fresh and driven to focus on success and succeeding.
GROWTH needs a
strategy!
A strategy is a researched approach
supported by a detailed plan of continual action steps. The reason strategies
are so vital is they keep things moving, and in business, if you are not going
forward, you’re going backwards, and that can happen very fast. So, if you want
your business to be successful and/or pay you more, having a strategy that
focuses on growth is a must!
If you have no formal
strategy to take your business to the next level you need to refocus your
priorities right now to create growth, here's the first stage of a growth
strategy framework:
Step
1 Create a clear vision of what you want to achieve:
There’s an old saying that
you can’t hit a target you can’t see. Well your vision is your target. Your
vision needs to be very clear in terms of what you want from your business, by
turnover, profit, customer type or all three? What’s your ideal position in
that market, do you want to be known as the premier supplier of your product or
service, or a low cost or niche player?
What about your personal
goals to support your lifestyle? You need
to be very clear about what you want and what you don’t want. Have a clear
focus that will keep you aligned with your long term goal for you and your
business.
Cowden Consulting provides Strategic Planning Workshops which enable
owners to create their vision of what they want to achieve. Our SPW faciliated workshops provide the opportunity for owners to work on their business not in their business. To learn
more about Strategic Planning Workshops (SPW's) or contact us by clicking Cowden Consulting to discuss your needs, or go to our website www.cowdenconsulting.com to learn more about us.
