Have You Looked at Your Business Plan?

February 23, 2010 at 10:22 AM | Posted in content, leadership, opportunities | Leave a comment
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Have you built your business plan for 2010? YES! Great! I know it feels a bit like a tired topic but… have you LOOKED at your business plan lately? Are you moving according to your intentions? If not, why not? Where could you use some help? Motivation? Time management? Balance?

If you haven’t written your business plan for 2010 it’s not too late! You can always write a business plan. It doesn’t need to be built on the calendar year yours can run from March 1 to March 1.  Don’t let missing the mythical Jan.  1 cut off date convince you not to create a plan. New and existing businesses benefit from having a plan in place.

Your business plan can be the greatest ally available to your business.  This is your time to dream (you can build a plan that looks out 2 – 3 years, 5 years, 10!). When creating your 1-year plan really think about how you would like your business to look at the end of those 12 months. What changes do you want to make? What changes do you think are possible in 12 months? If you won’t reach the ultimate goal in 12 months what goals will you reach? Add the longer-range goal to your 2-year plan.

Get detailed with your plan. Decide specifically what percentage of income you would like to see come from each activity.

Then determine what dollar figure that percentage translates into. Do the percentages change based on month? What months are you releasing new programs? Remember you need time to create the program.

Once you have created a specific plan you feel good about it refer to it at least once a month. You put a lot of work into your plan, make sure you use it. Take the time to ask and honestly answer a few basic questions

  • Where are you seeing good results and why?
  • Where are you seeing not so good results and why?
  • What are you most challenged with and how is it affecting your plan?

Once you have answered the questions address the open issues. This is a great time for self-reflection. If you don’t know how to address the issues find a coach who can help you. Your plan and your bottom line will appreciate the time and effort you put in to creating a profitable and productive year!

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