Small business entrepreneurs are familiar with start-up planning, exit strategy planning, and strategic planning. And, entrepreneurs who excel at planning often find themselves victims of their own planning process. As planning pays off, and business grows, many entrepreneurs ditch the business planning process that set off their business growth.
The Business Planning Dilemma
Absent an ongoing, active planning process, it’s easy to become disorganized and unfocused. Distractions, interruptions, and unplanned requests of others create competing priorities for your time. Sadly, this misaligned approach leaves the most critical business growth activities unfinished.
Your business gets stuck in neutral while precious time is spent on lesser valued activities. Even though you’re getting things done, you want to make sure you’re doing the right things to ensure your small business growth. Are you ready to shift gears?
The Importance of Business Planning
To succeed in an “interruption economy”, an active, ongoing planning process is essential for small businesses. Active ongoing planning is the kind of planning that allows you to focus on the critical activities that move your business forward.
An ongoing planning process is known to save time, reduce stress, incite happiness, and spark greater satisfaction. Plus, you’ll worry less about having time to address the important business growth initiatives.
Spoiler alert! Discipline and leadership required to implement!
Frequency of Business Planning
An active, ongoing planning process consists of five (5) phases:
- Annual Strategic Planning
- Quarterly Planning
- Monthly Planning
- Weekly Planning
- Daily Planning
Planning is the most important activity for your business. It keeps your focus razor-sharp. Plus, it helps to use your time wisely to complete the initiatives that move your business forward.
Are you ready to unzip your success and grow your business? If so, we invite you to join Eureka, our online business community where the ongoing conversations unravel the complexity and chaos of business planning.