OK, we have a week to go until the end of this financial year. How has this one gone for you? Has it delivered what you envisaged or not? What have you done well and what have you stuffed up?
Have you been satisfied with your progress this year or have there been things crop up that derailed you/your business on the way through?
Each July, it is worthwhile going through a process of re-aligning you and your business to ensure that you start the new year in the best mindset possible. This can be a challenging exercise – especially if you’re brutally honest with yourself. It does present a great opportunity for you to invest some time and clear thinking in determining the direction and focus of your business.
Many businesses often fall into the “same same” trap – they keep doping what they’ve done in the hope that things get better. As I say to our guys in here and to our customers – Hope is not a strategy.
Taking the time and making the effort will pay-off. The plan to do this, make some decisions and get things going in the direction they need to go will help “de-shackle” the business and ensure that you are making the most of the opportunities that have presented themselves.
Given the fact that hardly any businesses have any sort of plan and, when they do, it’s stuffed in the bottom drawer until your bank wants to see it, undertaking a proper planning approach and then implementing it can give you a very powerful competitive advantage over your rivals.
We have found that our customers who develop and implement a proper plan for their business – one that reflects the vision and goals of the owners, create superb results. They are more profitable, more effective and create far better working environments than the businesses that don’t. The secret to this is getting your team involved in the process.
By getting your team on board in the planning and implementation, you enable them to develop a real context about the “why” of the business. They get to understand the dreams of the owners and, on all occasions where we have seen this, they own it for themselves. In many respects, they take on the business direction personally. This creates an incredibly powerful culture within the organisation.
So, please think very seriously about investing the time to develop a plan and then invest the time to implement it. Hint: make your KPI’s reflect the implementation. If you want more information about this, please let me know.
We use the Growth Curve approach (research based) with our customers. It’s proven, effective and exceedingly powerful. The changes it has made to the businesses who have gone through the process are profound.
Special offer – sign up for one prior to 30 June this year (to be rolled out through next financial year) and we will attend to the implementation for you at a reduced price. Contact us to discuss.
Planning is an essential element for any successful business. Implementation is the key component of any plan that sets the really great businesses from their competition.
Invest the time in your business this July – you will be glad you did!