6 Steps to Plan, Set & Achieve Your Goals
So many of us spend most of our time reacting to unexpected changes and day to day operations, instead of anticipating and preparing for them! This results in a lot of time and energy playing “catch up” and using all of our energy to cope with immediate problems, which leaves little time to anticipate and prepare for the next challenge or plan for our business’s future.
I know a few of us are deep down saying, yip this is me! I’m a crisis management PRO! But did you know that businesses that take the time to strategically plan are 12% more profitable! That’s 12% of your total turnover! I could definitely do with that!!
So how do we plan more strategically? Here are our tips to get the ball rolling:
01: Back to basics
If not already done, write down your businesses vision, mission and values. This will set the tone for your strategic plan. Think about why your business exists and what need you would like to fulfill.
02: Where are you now
Look at your current situation, where you are now? Develop a SWOT (Strengths, weakness, opportunities and Threats) analysis. This will help you identify your opportunities and strengths and what in your business you need to work on or watch out for.
03: Set short and long term goals:
Have a look at your SWOT analysis and look for the quick fixes, these will form part of your short term goals – the low hanging fruit (1 or 2 years). Then identify the long term goals, that will take a bit longer to achieve and where you will need more time. (5 years or more). These goals should be ambitious enough to be a challenge, but not too big that it becomes unachievable.
04: Create an action plan:
Now that you have set these goals you need to develop a strategic outline on how to achieve them. You will need to identify exactly what is needed to achieve these goals for example: staff, equipment, specific facilities, financing etc.
05: Reaching the finish line:
Once the outline has been developed, you will now need to allocate specific tasks, responsibilities and a timeline to ensure these goals are met accordingly to the timeline that was planned. This will help you stay on track and know what tasks need to be done by when.
06: Keep it flexible:
A plan in the real world is only a plan and things might not always go according to plan. So it is important to add a bit of flexibility. Over time things might change in the business and it is important to adapt your strategy, as long as it still fits with your overall long-term objectives.
By utilizing these steps will help provide direction to guide your decision as you grow, keep you on track to achieve your long-term goals and help keep true to the businesses mission, vision and values.
Here’s to achieving our set goals!