Strategic planning puts your staff on the same page and achieves the business goal. Strategic planning prioritizes the functions of your business plan. This plan makes everyone, including yourself accountable for all tasks to build the company in a cohesive manner.
Many entrepreneurs do not care to use a strategic plan. They believe that a rigid plan interferes with progress and staying ahead of the changing market. Yes, a long-term plan does not bend to changing events. Short-term plans, such as one or two years, are important to keep your business on track, focused until you approach those changes.
Collaborate to develop a strategic plan so that everyone will agree and adhere to it. Keep everyone accountable and stick with the plan. Check any old plans that may be outdated and do not fit with the current trends. If situations change regroup and rewrite as necessary. A strategic plan is a guide for your business successes and not to stifle productivity. If an issue in your strategic plan is too complex then simplify. Provide enough time for your team or yourself to find imperfections. A strategic plan will help your business towards success.
Strategic Planning Checklist
1) Create a strength, weakness, opportunity and threat (SWOT) analysis. This analysis will direct your business to success
2) Collaborate with your entire staff, those whom the strategic plan will affect. Brainstorm.
3) Set priorities for each employee/division of your business. Assign business priorities with staff members
4) Don’t forget the budget plan. List assets and liabilities and prioritize each item of importance and how to control them
5) Follow-up an update. After several months meet and talk over any problem. Discuss updating the strategic plan when trends change
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