fbpx

Category - Goal-setting

Get FREE weekly ideas to grow your business

1
Small Business Strategic Planning – Thinking Big
2
Growing Your Business By Employing With Intent
3
Growing Your Business By Growing Your Employees
4
Growing Your Business With Your Annual Business Plan
5
Growing Your Business With A Strategic Plan

Small Business Strategic Planning – Thinking Big

A small business and strategic planning – is that chalk and cheese?

“I’m not even sure I need a business plan,” you say. “Do I really need to look at the big picture when I’m in the trenches?”

Well, that’s really up to you.

With a plan – any plan – you can envisage where you want to go, and then prepare steps to get there, rather than staying “in the trenches” and seeing what you get if you just work harder.

But first, let’s be clear about what is a strategic plan, and what the difference is between a strategic plan and a business plan.

Read More

Growing Your Business By Employing With Intent

Last fortnight, we dealt with how to grow your business by making sure that your employees grow with you – by providing them with a clear Position Description that detailed their goals, objectives and responsibilities, and performance measures, and by ensuring that you implement a consistent feedback system to review their performance.

This fortnight, we are going to look at how to employ people with intent. That is, knowing exactly who you need to employ, what their roles are and how these people will populate your complete business structure.

This means designing what your business will look like, from the beginning, and in doing this, knowing what your organisational structure will look like when your business structure is complete.

To do this, we are going to look at designing your Organisation Chart.

Read More

Growing Your Business By Growing Your Employees

Typically, small businesses employ a small number of people before they expand and grow.

As small businesses grow, the way they develop and grow their people will help them grow their business as well. So, the performance of those people in the early years is fundamental to the performance of the business as it grows.

Therefore your small business should attempt to ensure the best performance from your employees, and systems to help them grow and develop along with your business.

The best way of developing your employees is to implement an effective review system where they are shown what their key performance indicators are, where they can be given clear targets to achieve, and where positive but honest feedback can be given both ways so that they are helped to develop and that they provide feedback to you on how you can best use them in your business.

In order to implement an effective staff performance review system, you first need to have something against which to measure. Read More

Growing Your Business With Your Annual Business Plan

This is the third part of our series on growing your small business after establishing it from a startup. If you missed our first two articles on Growing Your Business By Measuring Everything and Growing Your Business With A Strategic Plan, you can catch up by clicking on the links.

This series of “Growing Your Business” follows our earlier series of blog posts on “Starting A Small Business“. If you want to catch up on how to start your own small business I will put the links to those articles at the end of this post.

In this post I will discuss how, having set a long-term strategic direction for your business to grow, through your Strategic Plan, you can cascade shorter-term goals and actions from the long term strategies year by year. This allows you to establish more detailed annual targets and actions, while at the same time ensuring that you stay true to course on the way to building the business of your vision.

Read More

Growing Your Business With A Strategic Plan

This is the second part of our series on growing your small business once your startup is established.

If you missed our series on how to start your own small business, you can go here to read the first article in that series.

The first part of this series on growing your small business can be found here.

This week, we are going to look at how preparing a long-term Strategic Plan as an overview of your strategic direction (where you want to end up and how you want to get there) can help you keep on track as you grow.

In your growth phase, you will meet many challenges and just as many decisions. Where will you open a store next? Who should you hire? Your supplier is going out of business – how do you choose a replacement? Should you rent your new premises or buy? Should you take on a partner?

Read More

Copyright © Teik Oh Dot Com. Developed by OTS Management Pty Ltd