Business Growth Planning ArticlesBusiness growth will take a lot of pre-planning to be fruitful. We all know that. These articles that will prepare you and your company for the growth that will happen.
November 29, 2018
By nature, entrepreneurs are passionate, driven, and courageous, ready and willing to charge hell with a water pistol. Yet, many business owners are poor planners. Author and businessman John L. Beckley said it best: “Most people don’t plan to fail. They fail to plan.” Oftentimes, you’re so consumed with daily business operations that you don’t take time to plan for the future. Inevitably, you experience set-backs and failures that keep you in a hamster wheel of day-to-day worries. But there’s hope. By instituting a business planning process within your company, you can disrupt your present weaknesses enough to make them tomorrow’s strengths.
December 3, 2018
As a business owner, you’ll do several different types of planning throughout the life of your business. Although all planning methods are important, one type of planning stands apart from the rest. When you’re trying to increase the intrinsic value of your company, strategic planning is vital to accomplishing your goals. Therefore, I’m going to give you a strategic planning framework to follow when you’re planning to grow the value of your business.
December 5, 2018
In our Value Growth Series, I’ve identified 8 fundamental areas of your business that can drive up its intrinsic value. I’ve told you that strategic planning is the type of planning you need to do to positively affect the value of your business. In this article, I’ll begin reviewing the pieces of the strategic planning framework. Specifically, I’m going to talk about the difference between business vision and mission, and how they affect your business’s long-term outlook.
December 10, 2018
Your values are important – guiding your actions along life’s journey. Likewise, your personal values affect your business life as well, driving your decisions and your performance as a small business owner. We’ll discuss these values so ideally you can align your business’s vision and mission with them and hire people who align with you.
December 13, 2018
As a business owner, you’ve probably heard of a SWOT Analysis – a process where you identify your business’ Strengths, Weaknesses, Opportunities, and Threats. However, performing this analysis is nothing more than a time-consuming exercise unless you can put its results to good use. You need to spend time working on those shortfalls. In this article, you will learn how to do and implement a SWOT analysis to increase the value of your small business.
December 17, 2018
Anyone can write out objectives, but few seem to achieve them. Maybe people lose sight of a vision or forget their mission – their reason “why”. Perhaps day-to-day worries get in the way of future success. As a business owner, you can’t set objectives for the future and “hope” you achieve them. Only ACTION will make your business better. Therefore, during your strategic planning sessions as you’re mapping out how to increase the value of your business, you must set long-term objectives in your business that can actually be achieved. Let me show you what works for me!
December 24, 2018
Jeff Bezos, founder and executive officer of Amazon, once said, “What we need to do is always lean into the future; when the world changes around you and when it changes against you – what used to be a tail wind is now a headwind – you have to lean into that and figure out what to do because complaining isn’t a strategy.” I fully agree… complaining is NOT a strategy. Strategies are plans of action. It’s time to stop complaining about your business and start working on your business by developing strategies to meet your objectives and grow your business.
December 28, 2018
Of the 8 foundational components that drive up your business’s value, 6 are functioning divisions within your company. Here’s what I mean by that. Leaders make plans; leaders and planning aren’t business departments. You, as business owners, give plans to your sales, marketing, HR, operational, accounting, and legal departments to follow. Thus, the team members in those 6 departments implement your plans. Without action and implementation by those functioning divisions, plans cannot become realities. So once you’ve developed strategies to meet your business growth objectives, it’s time for your team members to help you come up with the short-term tactics and actions necessary to accomplish your long-term objectives.