Strategic Planning: Only 61 Days, but Who's Counting?
As of today there are only 61 days remaining in 2007. That means you have only 61 days to plan for 2008, so when the first day of the new year arrives you can be ready to implement the actions that will make it a better year than this year. Yet, in my experience very few small business owners actually develop a strategic plan for their business.
If you don’t have a plan that means you aren’t committed to achieving more than you have up to this point. And that’s fine for most people. You see there are three kinds of service professionals.
In the bottom 10% you’ll find the service professionals who are barely hanging on, and destined to fail in the near future. Even though this 10% is desperate and they don’t know what to do or how to do it they won’t get the help they need so they can succeed. These guys have a scarcity mentality. They’re afraid to make the investment in themselves and their business that would save them because they’ve already committed to failing they just haven’t told themselves yet.
The middle 80% is what I call the squishy middle. These folks don’t have a plan, but they’re satisfied with how their business is working. They don’t think they need to plan or investment in themselves or their business because they range from those who are getting by ok to those who are accidentally doing fairly well. By accidentally doing fairly well I mean they’ve had some things go their way so they’re generating the revenue that makes them happy now, but when things get tough these are the folks who will fall the hardest because they have no idea how to be intentionally successful.
Then there is the top 10% made up of the super star top producers. These people are never satisfied with where they are because they know they have even more potential for success. They are the ones who do have a strategic plan for their business and they put that plan into action on a daily basis. They’re never accidentally successful and always intentionally successful. They never stop investing in themselves and their businesses and their success clearly shows the value of doing so.
So with 61 days left before you start the new year you may want to develop your strategic plan so you can be a top producer in 2008. There are three parts to the strategic planning process: your core business statements, your critical goal categories, and your dashboard. Your strategic plan must be quantifiable and actionable or it’s a complete waste of your time and energy.
Your core business statements define you and your business. These include your purpose for being in business, the vision for the potential you see for your business, your mission for the upcoming year, and your unique market position. As you gain clarity you develop focus and focus helps you to make better decisions and better resource allocations.
The dashboard is where the rubber meets the road on this business map for where you’re headed. The dashboard is your tool for tracking and measuring your progress on a weekly if not daily basis. It provides the measurements you need to make adaptations and corrections along the way so you don’t get to the end of 2008 no better off than you are here at the end of 2007. So, if you’ve never done it before do it now and if you have let this be a reminder that it’s that time again.
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