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Casual Articles - Our Strategic Plan is Done - Now What?
Everyone in business can benefit from having a business mentor, business mentoring simply means having someone around who you can share your ideas with and they can give their thoughts back to you about your ideas, as well as bringing in their own.This essentially can take a huge weight off your shoulders, as you not only have someone to test your ideas and thoughts out on, but also you are able to gain from their experiences in business. Business mentoring while being a Godsend to anyone in business is especially useful for those who are just starting out in business.All business mentors will have had a great deal of experience in a wide range of aspects in business and will be able to pass this experience onto the less experienced.Besides bringing a feeling of relief that there is someone on your side and this alone is a huge bonus, your mentor can also help you to focus on what is needed, along with helping you to pause, take a step back and think about the original goals that you set out for yourself and the company. Many problems and much anxiety are caused simply because a person has lost sight of their goals and what it is they originally set out to achieve. The biggest asset to
Your industry may very well be in the mature phase of the industry’s market life cycle. Additionally, web technology continues to educate the consumer daily. Big box competition has gained a solid foothold in the industry creating even more competitive pressure. These are just a few
When the recent Games of the XXVIII Olympiad came to a close in Athens, two events stood out in my mind as perfect examples of the importance of time management:1. Teenage swimmer Michael Phelps, America’s most-celebrated Olympic athlete, matched Mark Spitz’s record of four individual gold medals with a stirring comeback in the 100m butterfly. Phelps pulled off an incredible feat in the final 50 meters, making up a half-body length to nip teammate and world-record holder Ian Crocker by four-hundredths of a second.2. In the men’s 100m track and field final, the United States took first, third and fourth. The time separating Justin Gatlin’s gold medal performance from teammate Shawn Crawford’s fourth place finish was again four-hundredths of a second. That means after running more than the length of a football field, four men crossed the finish line separated by less time than you can start and stop a stopwatch.Fortunately, most small business owners don’t have to overcome such narrow time margins to achieve success in their endeavors. The key for you is to get the most out of your entire working day. Once you identify your Genius Time – those high-impact activities that lead to your peak
Operation/Branch plans must define the objectives, timeline and resources required to meet the growth objectives of the business unit, department or branch. This level of detail is unnecessary in a strategic plan itself – in fact, it would clutter up the presentation of the long-range vision: the strategic plan focuses on the end game and what your company will look like in five years.
The market, like most markets, has not avoided transition. Business planning is an essential offensive strategy to using market transition in creating competitive advantage.
Market maturity is one factor that drives change in the industry. Normally this maturity puts pressure on every distributor to become cost effective to maintain margins due to persistent price pressures.
Your industry may very well be in the mature phase of the industry’s market life cycle. Additionally, web technology continues to educate the consumer daily. Big box competition has gained a solid foothold in the industry creating even more competitive pressure. These are just a few f
1. Preparation. Preparation. Preparation.2. Rehearse. Rehearse. Rehearse.3. Ask someone whom you trust to give you feedback on your presentation ahead of time.4. Ask for the feedback to be specific, focusing in on commendations, recommendations and commendations preferably in that order.5. In preparation, write down everything you want to say – without censorship.6. Cluster what you consider to be the salient points and build your speech around these.7. Present your speaking, life and work credentials very early on. This helps to build credibility.8. Speak persuasively and authoritatively. The audience is coming to listen to you because they believe you have the answers.9. Use interesting transitions that take you from one point to the next.10. Create visual images with your words, remember the old adage; 'a picture paints a thousand words’.11. Speak clearly, annunciating appropriately.12. Speak enthusiastically, if you’re not enthusiastic, why should the audience be?13. Start with a 'big bang’ opening – something your audience will remember.14. Close your speech with a call to action. What do you want your au
Operation/Branch plans must define the objectives, timeline and resources required to meet the growth objectives of the business unit, department or branch. This level of detail is unnecessary in a strategic plan itself – in fact, it would clutter up the presentation of the long-range vision: the strategic plan focuses on the end game and what your company will look like in five years.
The market, like most markets, has not avoided transition. Business planning is an essential offensive strategy to using market transition in creating competitive advantage.
Market maturity is one factor that drives change in the industry. Normally this maturity puts pressure on every distributor to become cost effective to maintain margins due to persistent price pressures.
Your industry may very well be in the mature phase of the industry’s market life cycle. Additionally, web technology continues to educate the consumer daily. Big box competition has gained a solid foothold in the industry creating even more competitive pressure. These are just a few
Each of us has a unique and significant set of traits, abilities, passions, and skills that we offer to the world. This is our voice. When we are expressing our voice we feel significant, valuable, and joyful. We seek and find a sense of meaning in our work and in our lives when we are operating at this level. When we are expressing our voice we are in alignment with who we are. I have met many people in organizations who are doing this. They love their jobs; they are passionate about what they do; they love making a contribution; they are constantly learning and growing; and they feel fulfilled doing their work. When you have an organization where everyone has found their voice, you have one great choir--harmonious and magnificent. You have people supporting one another to express greatness.Recently I read The Eighth Habit, by Stephen Covey. The eighth habit is: "Find your voice and inspire others to find theirs." This book is a must read for all of you who see yourselves as leaders. Dr. Covey presents some disturbing statistics that demonstrate that most of us are not in the choir. He presents the following data collected in a survey of 23 thousand U.S. people employed in organizations. • 37
The market, like most markets, has not avoided transition. Business planning is an essential offensive strategy to using market transition in creating competitive advantage.
Market maturity is one factor that drives change in the industry. Normally this maturity puts pressure on every distributor to become cost effective to maintain margins due to persistent price pressures.
Your industry may very well be in the mature phase of the industry’s market life cycle. Additionally, web technology continues to educate the consumer daily. Big box competition has gained a solid foothold in the industry creating even more competitive pressure. These are just a few
If you're a coach, student coach, business owner or someone with a desire to get into business, take careful note of the powerful tips and development strategies presented within this series and GET READY to make the leap to ultimate success.Position, don’t Prospect By now you should be well on the way to defining your target prospect, developing your niche and brand, and expressing it through your USP.We’ve already explained the importance of establishing a niche. If you do not niche, and instead decide to offer generic coaching services, you’ll find it extremely difficult to compete. Your coaching business and services will appear the same as everyone else and you’ll find it difficult if not impossible to distinguish yourself.Every prospective client, whether it’s reality or not, perceives their problems to be unique to them. If their problems have been enduring, their perception is that the problem is complex – too complex for them to have fixed themselves in the interim. Their logic therefore determines that they need someone with specialised skills and knowledge to help them overcome that problem. Someone with advanced skills and knowledge to their own. By y
Market maturity is one factor that drives change in the industry. Normally this maturity puts pressure on every distributor to become cost effective to maintain margins due to persistent price pressures.
Your industry may very well be in the mature phase of the industry’s market life cycle. Additionally, web technology continues to educate the consumer daily. Big box competition has gained a solid foothold in the industry creating even more competitive pressure. These are just a few
When considering the executive management decision to launch a mobile oil change business whether it is a small business or a large Corporation there is much to think about besides the obvious things of employee training, equipment, scheduling, marketing, business structure, cash flow and growth. Such unique businesses like mobile oil change business will require additional Business Management Decisions; especially things such as Environmental Controls and perhaps some alternative marketing plans.You see, although a Mobile Oil Change Business is rather a simple automotive on-site service business it also makes sense that getting to all those customers and getting rid of the oil collected will take significant planning. When discussing this business management case study with a gentleman going into the business recently he stated;“With the networking approach you mentioned I think I could easily have all the business I need, still have to figure out what to do with all that spent oil though.”Indeed and these issues must be ironed out before anyone gets too gung-ho with the business plan proformas. Now then to get rid of this used motor oil perhaps we should check with the city, also out
Your industry may very well be in the mature phase of the industry’s market life cycle. Additionally, web technology continues to educate the consumer daily. Big box competition has gained a solid foothold in the industry creating even more competitive pressure. These are just a few factors that make business/branch planning essential to growth or even survival for many distributors.
Analysis of opportunities is useless if it doesn’t degenerate into work. Operational planning, by definition, results in action plans for day-to-day work.
Branch/Operation Planning
The basic process includes five elements:
1. A definition of services to be provided
2. Initiatives that support the end game --- What are the Branch Goals?
3. An examination of available synergy
4. A commitment to timing and sequence of major steps
5. An agreement to measurement criteria and targets
Step 1 – A Definition of Services to be Provided
Criteria:
1. It must be future oriented
2. It must focus on the external environment
3. It must consider local competition, customers and products
4. It must consider branch weaknesses as well as strengths
5. It must match strengths to local market needs
Typical Questions:
1. What is the purpose of your business?
2. What business are you in now?
3. What business should you be in?
4. What are you good at?
5. What hav
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