Where Is Your Business Going And How Do You Intend To Get There?

Basically,there are three types of Entrepreneurs-one that make things happen,one that rather prefer to watch things happen and one that is amazed how things happened.As an entrepreneur you should be able to ask and answer yourself where your business is heading to ,that is,what your business will look like in the next two to three years and also ask yourself if you'll actually achieve your dream in the nearest future.

Though we can't actually point out what the future holds for us but if we don't make changes,will there be a difference in future?I guess not.But there is a certain way of changing the face of your business by doing away with old stuff and embrace the new and more profitable strategic plan.

Every entrepreneur should have a strategic plan which is the "winning goal" of any business or organisation ,a well design strategic plan will facilitate successful competition,customer's satisfaction and positive business participation in a chosen market platform when it is carefully planned and executed.Most small entrepreneurs and proprietors lived extremely in large excuses for not having things done in a strategic manner.I've experience some saying "I'm too young and new in the business",some says "I'm too small and not big enough" and some even went as far as saying "I've never had one before,Why should I start now?".

If all or some of these excuses sounds familiar to you presently then here are some interesting facts: research has shown that 50-60 percents of new business witness failure within the first 15 months because of lack of direction and about 90 percents of all business never have a strategic plan.Ask yourself these questions:Could you be more focused?,Could you be more effective?,Could your employees be more efficient than they presently are? and,Most importantly,could your business be more successful than it is now?.

I know a lot of you out there will give an affirmative "YES" to all these questions,but here is how some of the undermentioned strategic plans will change your answers to these set of questions.

Derive Focus From Your Vision

Most entrepreneur attends to daily and urgent needs of their various business but failed to focus on long-term plans and important aspects.We can always get what we focus on,there is no doubt about that but unless your employee and yourself as a manager focus on a common vision the business will advance nowhere.An implemented strategic plan can leverage,direct,protect and gear your employee's momentum towards achieving the common goal of the company.So do you have a vision to focus?

Goals And Objectives

Having a vision alone is not enough to transform your business in this ever changing world,without a proper channel to guide and control your employees your vision is a myriad.Hence,the reason for you to have a mission.Your business mission is the roadmap statement for guiding and leading your company to a higher level of performance and it provides the framework for decisions and actions designed by-The managers,departments and employees into a company's strategic game plan.Remember,a vision is useless without a roadmap to empower your staff.

Strategy

Strategy saves time and energy in a business organisation,once your goals and objectives are visible then you can go ahead to design a way of achieving them.Your strategy gives speedy answers to the questions of how you're going to get there with the available resources at your disposal,your strategy as an entrepreneur fashions out how to achieve a particular purpose or target,how you can favourably compete among your competitors in the market,how you can gain advantage over your rivals,how your business can grow and expand,how you will satisfy your clients and employees and finally,how you'll respond to changes in market and other endeavour.

Implementation And Evaluation

The best strategies and missions on this earth are meaningless without good execution.The secret to a continuous success and wealth in this life is to find a need and fill it.Find/look for the needs of your business and solve it,by doing this you have successfully launch your business's continuous growth and wealth.Have you ever sat down and ask yourself if you're really where you ought to be if you had implemented some ideas,detect what your end result looks like and where your milestones should be.Plan your next move after executing one and evaluate your actions.If you find yourself off target,find out by how much,correcting yourself and going back on track should be your next plan.Strategic planning is a continuous and never ending business on its own.

Note that your business is a waste of time without a strategic plan,so be wise to have and implement one so as to catapult your business from where it is to where you intend it to be.

I hope this will go a long way in furnishing all entrepreneurs with more information about what needed to be done to transform our business to the next level.I think I'm done with this piece and I also hope this article helps if not visit my blog,ask your question(s) or drop a comment here.

More success to you all.