A short simple, yet concise, business plan is essential.
Business Pilot...
Fact: up to 90% of small and mid-sized company owners do not have any written strategic business plan, or a committment to a set of objectives.
Most entrepreneurs, like yourself, have much of the information needed to create a rudimentary business plan in their head. If you are like most business owners, you know what is happening in your business & industry. You probably attend national trade meetings and read most trade magazines. How much easier and less stressful would your life be, if you had a complete and competent business plan on hand that you have written? …….A process that will help transfer the information kept in your head, and the heads of your top management, to a written plan.
It is suggested that you might want to consider the 5 steps in the Business Pilot 'Business Leadership’ process. The strategic business plan that YOU develop for your business will not be a thesis. Quite the contrary! Working directly with the Business Pilot coach, face to face, over the phone, or on net cam through the internet, YOU are going to develop key elements that clearly express what is wanted for your business, without using a lot of words. In place of the usual lengthy and sometimes meaningless high priced consultant word documents, YOU and the Business Pilot coach, working together, will develop concise statements not exceeding 100 words.
If all the steps in the Business Pilot process are followed the results will be:
* A demystification of the strategic planning process for your management team, so as to increase understanding & reduce dread of the process.
* Build a very clear picture for the management team of where your business wants to go.
* Your company will have better focus. It will be able to direct resources, time and employee’s efforts in the desired direction & avoid fragmentation on lower priority issues.
* A strategic business plan that is the expression of everyone’s best thinking.
Commitment from management on all key points of each step.
* The development of a strategic plan that acts as a filter for all your operational plans, new products, services that you are considering.
* “Out of the box” thinking from your management team.
* Planning to sell your business? Buyers will be impressed that you can pass along your strategic ‘vision’ and will likely offer a premium price based on your excitement.
Working with your Business Pilot coach, your business plan will be updated regularly. One of the advantages of the 100 word statement concept, is to force you to keep only the most powerful elements, for easy update.
Your role as the strategic business leader will be challenging & not always pleasant. You may be frustrated by the procrastination & defensiveness of your managers, but you need to weed through the many good ideas that come up. Your Business Pilot coach will work closely with you through the monthly 2 hour coaching sessions, e-mails & phone conversations. If practical, you may wish to involve your coach as a facilitator for your internal planning team meetings.
This is a different strategic planning process than used by large public companies, being specifically designed to remove the stress on the business owner/general manager, using a longer time frame to develop the company plan. The business owner, working with his Business Pilot coach will complete a process of completing exercises covering five distinct steps BEFORE the management team, if there is one, gets involved.
The Business Pilot coach will be involved and assist at every stage of the process, starting off by working with you on the questions in the exercises. He will help you to keep focused, NOT on the problems facing your business, but on the solutions. Business Pilot will be there NOT to offer insight into your business, but rather to bring about actions.
Thank you for taking the time to read this. Please let Business Pilot know any of questions that you may have.
E-mail: businesspilot@rogers.com
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