Any results driven business owner understands that success doesn’t just happen. It requires a level of willingness, hard work and most importantly, the creation and execution of a well devised plan to make your dreams a reality. A plan is simply a road map to your final destination. If you are working hard, with-out a plan you are driving with out a map. You may get to where you want to be, however it can take a lot longer to get there.
In order to best utilise your time, money and energy you will need to decide what you want to do and how you can achieve the best results. Whether you aim to hire additional staff, reduce your working hours or expand your products/services you will need to create a detailed set of plans so that you can begin to build the blocks to unlock your business’ true potential.
It goes with-out saying that it is easier to talk about creating a plan than it is to actually create it. One of the first problems that you will encounter is finding a way to prioritise your tasks. The easiest way to overcome this issue, is by analysing how much control you have over the goal you hope to achieve. Understanding the qualities, you can and can’t control is essential for success.
By categorising your priorities, you will have a better understanding of which tasks are most important as well as which way you will need to approach it. There are 3 main categories that you can categorise your priorities in:
- Needs – This represents the fundamentals for your business. Paying the bills and sustaining a monthly profit are great examples of the targets that would sit under the “need” bracket.
- Wants – This contains the details that you aim to achieve. Boosting annual sales by 25% and taking a holiday at the end of the year are some great examples of your “want” targets. They would be nice to achieve but not essential.
- Would like to – This is the category for your long term goals, where do you want your business to go? Expanding into new markets or franchising your business for the first time is an example of the “would like to” brackets.
Each of these 3 types of priorities have their own important role in your business growth plan. Ensuring that you keep them tied together is crucial for the success of your business. If you consider these when you are creating and executing your business plans, you will be amazed the impact they can have on the business.
TIP: When you are setting a target for your business, ensure your target is a “SMART” target. This means that your goal will need to be:
To find out how you can implement planning for your business get in touch today.