Planning A Small Business

Planning A Small Business-85
Unfortunately, many go-getters don’t know what’s in store as they venture forward to implement their brilliant ideas; they just know they want to go into business for themselves.However, sometimes the reality of owning a business is more daunting than you imagined.You probably feel comfortable in two of them, the “technician” and “entrepreneur” hats, but you also acquired a “manager” hat along the way, which may be a less natural fit. If you’re like most entrepreneurs, you’d rather come up with ideas that plan, organize, and manage the financials.

Unfortunately, many go-getters don’t know what’s in store as they venture forward to implement their brilliant ideas; they just know they want to go into business for themselves.However, sometimes the reality of owning a business is more daunting than you imagined.You probably feel comfortable in two of them, the “technician” and “entrepreneur” hats, but you also acquired a “manager” hat along the way, which may be a less natural fit. If you’re like most entrepreneurs, you’d rather come up with ideas that plan, organize, and manage the financials.

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Just as valuable, a shared vision helps create a sense of community, making the journey more satisfying.

In the worksheet at the end of this kit, we’ll give you an opportunity to create a purpose statement for your business, which will propel you through your annual planning session.

Have you ever asked, simply and honestly, “What is the purpose of my business?

”Every business needs a vision to guide and influence strategies and decisions.

We like to involve Keap employees from every department in our quarterly planning process.

They give input through a series of exercises we call SWOT . We use the “plus” concept to refer to the inclusive, collaborative approach.

Turning your vision into reality requires a healthy, realistic approach and a well-crafted path toward success.

You need to think realistically about where your business is going and be flexible about your expectations.

Much can happen in the business during those years: priorities may have shifted, you added new products, key staff came onboard or moved on.

Suddenly, you realize that your course has changed as an organization, but your long-range plans aren’t updated to reflect the new direction you’re taking.

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