Strategy can simply be described as a plan to take you from where you are now to where you want to be.
“The best way to predict the future is to create it.” – Abraham Lincoln
A simple action plan to start this process is as follows:
Decide What You Want in Life
Decide What Your Business Will Look Like To Deliver You What You Want In Life
Design & Implement A Plan That Will Take You From Where You Are To Where You Need To Be
Without a strategic plan the average business will focus on the short term and not the long term. The owners will focus on the day to day operational issues, rather than spending time working on the business to move it towards where they want it to be and to build capital value.
The business needs to align with the owners’ personal goals to truly move forward, and if the business has several board members then it is imperative that the goals of each person are known and that they too align.
The most profitable businesses are ‘systemised’.
The owners focus on systemising their business, so it does the day to day stuff without them, leaving them time to work on the strategy of the business and eventually their exit route.
The most profitable business owners are the ones who work smarter not harder. They are the ones that have a clear strategy for what they want to do with their business.
What is apparent to us is that the most successful businesses do strategic planning, and regularly look at what they have achieved and where they are in relation to their plan/targets.
Day to day they will also regularly assess what they are doing using methodologies such as win, learn, change:
Win – What did I do today that took me towards the achievement of my goal?
Learn – What did I do today that took me away from the achievement of my goal?
Change -What will I do differently tomorrow that will take me towards the achievement of my goal
Wilds can help you with your original strategy day and quarterly. If you would like to know more please contact us on 0161 723 3211 or visit www.wildsca.com