Stick to the Plans
Most times, businesses find it just as difficult to secure short term loans as it is to apply the strategic planning models that they've set up for their business' success. Writing a model of strategic planning, at first might seem hard, but it’s easier than you might think. It’s crucial that you make stick to the plans you have made - they didn’t design the Empire State Building as they went.
Step 1
An important place to start would be to draft up a mission statement, which is a general statement about the purpose or reason your company exists and what type of services you provide. For example, if you were going to create a mission statement for a financial adviser business, it might say "Finance World provides taxpayers with assistance in preparing their business finances, offering a painless process that results in a more successful fiscal year in revenue."
Step 2
Sometimes, if we try to take care of too many things at once, we can get lost in the hustle and bustle of taking on so many activities. To make sure you keep yourself on track, you must break down your mission statement into smaller mission statements called goals.
Goals are basically meant to aid your company in succeeding in your general mission statement or to stay afloat as a company. Brainstorm about the purpose for your business as a whole. Maybe in your mission statement it says "Be profitable within three years." To accomplish this you'd break down the major goal into many smaller goals to achieve the outcome that you want.
Step 3
Developing strategies will surely help you reach each of your goals. Just like deciding if you need short term loans for your strategic planning business, you have to put in the time to do so. After all, starting a strategic planning business involves needing to use all your own business knowledge, expertise, and acumen for your own purposes as well.
You could, for instance, decide your goal in three years for profitability could be to "Extend finances to increase market penetration for the first year and then push a pretty profitable product on our wide customer base."
Step 4
Next, it's a good idea to develop action plans for each strategy that you come up with. To come up with a plan of action for strategies, you have to write them out step by step to get to each piece of the strategy. Think of each step as the finger of a hand, and when made into a fist a strong strategy.
For example, having your graphics team design a fresh logo, your advertising team design ads with that logo, your marketing team suggest free premiums by way of those ads, and your database manager collect the names and e-mail addresses of individuals who uses those premiums, could be represented as, "increase market penetration."
Step 5
Considering whether or not you utilized short term loans, the last step would seem to be the easiest, since most of the work is accomplished before this point. However, this step involves combining the above four steps to your daily business operations and being devoted to keeping up with the lists of goals, strategies, and action plans that you created.
Don’t let your documents collect cobwebs and dust. Check in on them occasionally to make sure that you are on the right track, following your goal plan to positive, successful and effective strategic planning.
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