Even the best and brightest ideas are useless when there is no strategic planning process to support them. Without strategic planning, your ideas will always remain nothing more than thoughts that have no way of coming to fruition.
Children are filled to the brim with ideas, yet we don’t see many young minds running successful companies. That’s because anyone, even a child, can make a plan, but it takes a disciplined strategist to transform that plan into a reality. In order to achieve your business goals, no matter what they may be, it is essential to know the basics of strategic planning.
But what if your idea is positively a great one? Why is it then necessary for you to go through the entire strategic planning process when you can just dive right into your business and hit the ground running?
The answer is rather simple: if you take off running without looking where you are going, you are bound to end up tripping over your own feet. Even if you are lucky enough to stay upright for some time, you will eventually run square into a wall.
Strategic Planning Minimizes your Risk of Failure
At its core, running a business is all about formulating a plan, sticking to it and most importantly, having the discipline and patience to think before taking action.
Merely having a plan isn’t thinking.
Strategic planning is the fundamental process by which you give your business or organization shape. It is how you prepare for and implement a series of plans that will take you from being a startup to being a success.
In order to employ the strategic planning process, you must first set your goals and objectives and lay out a plan to achieve them. Most importantly, you must put your plans in writing so that everyone involved in your organization can understand them. It is essential to communicate your plan properly so that your employees and partners know what actions are necessary to achieve your business goals.
Your thoughts and plans are useless if only you know them.
Focus on the Future, but Don’t Think Ahead too Far
As with any plan, you need to have a set of short and long term goals. Ask yourself what you want to achieve in the next year, and the next five. You want to have a set timeframe in which to realistically achieve your goals. If you think too far into the future, you will run into too many unknowns. If you focus too much on the present, you won’t be prepared for what’s to come.
The strategic planning process requires you to be flexible, to expect and anticipate changes around every corner. Business plans rarely go off without a hitch. Something unexpected will always happen. Good strategic planners have the ability to adapt to changing industries, technology and clientele.
Make Business is Art Part of Your Plan
The Strategic Planning Process is essential for any business. Even if your idea is flawless, you need to have the discipline, instinct, and ingenuity to make it happen. With Business is ART, you can learn how to prepare and enact a plan that works for you.
Contact us to learn more about the strategic planning process.