Working with a plan will focus your efforts, unify your team in a single direction, and help guide you through tough business decisions. A strategic plan requires you to define your goals, and in defining them, enables you to achieve them—a huge competitive advantage.
Strategic planning is a management tool that VersaTel Solutions can guide your business to better performance and long-term success.
Here are a few tips that are a critical stepping stone in leading your business toward your goals.
- Know your business
By knowing where your business is now, you can make more informed predictions for how it can grow. - Define your company vision
Be able to define your company vision in 100 words. Develop this statement and make it publically available to both employees and customers. - Establish short-term goals
Your goals should be S.M.A.R.T. (specific, measurable, actionable, reasonable, and timely). - Foster strategic communication
We can help align your team, you must communicate strategically. Results-driven communication focuses conversations and cuts out excessive meetings. Every communication should be rooted in a specific goal. - Create or hire a strategic planning team
As a business owner, you should never feel like you have to do everything alone. A strategic planning team, like us, can help with every phase of the process, from creating a company vision to adapting your strategy week-to-week. Compose your team of key management staff and employees—some visionaries and some executors.
Try these tips to get started, and then be flexible in your ongoing approach. You’ll be amazed at how much more streamlined your business processes will become when you are working with a long-term strategic plan.