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Category - Small Business

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1
Happy Holidays – And Some Useful Resources
2
How Much Time Do I Need To Prepare A Business Plan?
3
Pre-Planning Your Business Planning
4
How To Prepare Your Business Plan And Relieve Stress
5
Simple SMART Marketing for Small Business – Free Training Part 2

Happy Holidays – And Some Useful Resources

Whatever you celebrate, we at Teik Oh Dot Com send you season’s cheers, our best wishes, and happy holidays!

2020 has been one ##$$%% of a year, hasn’t it?

We hope you get to take some time off from working hard at the growth and success of your business, especially during these difficult times.

In the time and room during your holidays, take a deep breath!

As you relax and consider next year, you may want to scroll through some useful resources to use next year as you create Strategy, show Leadership, and Grow your business. Here are some free tools and resources you may find useful:

 

How Much Time Do I Need To Prepare A Business Plan?

My work is advising small businesses on growth strategies.

Most of these small businesses turn over several hundred thousand dollars to 4 or 5 million dollars in sales and employ anything from zero to 10 or 20 people.

They are not huge.

At this size, they don’t have a lot of spare capacity and they tell me that while they want to get organised, while they want to plan ahead and be clear about their business direction, while they understand how a business plan can clarify their daily confusion about what to do next, they are worried they don’t have the time and capacity to take on the task of business planning.

So the obvious question I’m asked is how much time do you need to prepare your own business plan?

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Pre-Planning Your Business Planning

Believe it or not, one of the most important tasks before you start any Business Planning is to plan for how you will actually conduct your planning.

If you start without doing this, you are likely to go awry during your planning process.

To me, this is similar to how you decide on your holiday before you make plans for your holiday.

You have to make certain foundational decisions like when you want to take the holiday and where you want to go.

Without this information, your planning of the holiday could go sideways – you might book the wrong dates that clash with something else, or book somewhere inappropriate for the season!.

The first step in any Business Planning process is to “Get Ready To Plan.”

So let’s go through the decisions you have to make in order to make your Business Planning process smooth and efficient.

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How To Prepare Your Business Plan And Relieve Stress

The Practice of Planning is one of the Six Business Success Factors that successful businesses do well.

The reason that it is such an important ingredient in business success is two-fold.

First, good planning means that the successful business is prepared for anything. The habit of planning for everything allows the business owner to answer questions in everyday tasks such as:

  • “What do I really want to achieve?”
  • “What steps do I need to take?”
  • “What resources do I need and when?”

Second, the fact that you have laid out a clear path to follow, whether in growing your business or in something small and detailed such as hiring a staff member, means that you remove the every-day stress of not knowing what you are doing from time to time.

Knowing what you should do and when you should do it in your daily actions removes stress because you can plan your day and know at every turn what comes next.

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Simple SMART Marketing for Small Business – Free Training Part 2

This is Part 2 of my free training on how you, as a small business owner, can prepare your own focused, targeted Marketing Plan by following 7 simple steps.

It is based on my S.M.A.R.T. Marketing system which I designed using 30 plus years’ of experience helping small businesses increase sales.

Last week I went through the first three steps which were:

  1. Know your real product;
  2. Know your real customer; and
  3. Meeting your customer’s requirements.

This week I will take you through steps 4 to 7, which are:

4. Your Selling Price as a marketing factor;

5. Choosing the most appropriate marketing activities;

6. Scheduling your campaign plan; and

7. Finalising, then implementing and monitoring and evaluating.

If you missed part 1, you can read and follow the video lesson here.

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