When you first started your business, you (like 99.9% of your fellow Visionary Entrepreneurs) got super amped up to set up shop, brush the pesky details aside, and do the thing, already.
You set up a quick website, designed one or two offers and began sharing your genius with the world!
Fast forward a few years and you’re now at the intersection of incredible business growth and utter overwhelm, as you realize you never stopped to create a strategic plan for your business.
The purpose of a Strategic Plan is to create prioritized action items for yourself and your team so that you know what you need to work on each and every day in order to move your business forward toward your vision.
A Strategic Plan ensures that the people & financial resources are available in order to reach the key Strategic Objectives for the business and limits the amount of failure you’re going to have in your business.
Click here for a refresher on the 7 Key Strategic Objectives in your business.
The quick answer is absolutely any business that wants to GROW! There’s truly not a business model that doesn’t need a Strategic Plan.
Bottom line: If you want to make more money in your business, you need a Strategic Plan in place.
Strategic Planning serves to provide three important elements that will help you, as the CEO, to finally breathe easy: Clarity, Direction, and a Plan.
If you’re struggling with haphazard planning, confusion around which projects to prioritize, or are feeling a tiny (or large) urge to “burn it all down”, a Strategic Plan can alleviate the uncertainty by building a prioritized roadmap in your business so that you’ll know which actions to take in your business each and every day, allowing you to gain incredible traction toward your vision.
1 – In order to build a Strategic Plan, you need to get clear on your business’ Mission, Vision, and Core Values. These pieces are foundational and your entire plan will build off of them.
2 – Next, you’ll prioritize the 7 Key Areas of your business and then it’s time to brain dump all current, future, and dream projects within each Key Area.
3 – Prioritize the projects you came up with, based upon time investment, team availability, and ROI.
TIP: Measure each project in your plan up against your Vision. Does the project align with and/or support your Vision? If not, it will only dilute your efforts so it most likely needs to be removed from the list.
4 – Finally, prioritize your projects by the quarter in which you’re going to start them, being cognizant of the team & monetary resources needed for each project (i.e. Don’t bite off more than your team can chew!)
What steps are you going to take this week to create a strategic plan in your business?
Are you looking for a strategic partner in your business to finally minimize the chaos and stress that you’ve been facing, as the leader of your business?
CLICK HERE to find out more about how I partner with my clients to create a true transformation from overwhelmed business owner to purposeful CEO.