How To Develop a Business Plan
From Business Vision to Reality
- Partners and investors. - Partners and investors will be focused on the financial implications of the strategy, and will also have a longer-term view of how the strategy will impact on your business’s growth.
- Managers. - Your management team will doubtless be able to provide you with strong insights into operational aspects of your business that will impact on the feasibility of your plan that you may have overlooked.
- Staff. - When you communicate the plan to your staff, make sure that your message is crystal clear and that staff are able to understand the reasoning behind any changes that they may need to make in the way that they go about their work.
- Clients. - While your clients will not need to know the ins and outs of the implementation of your plan, it is important to evaluate how your plan will impact on the way you interact with clients.
- Yourself. - At no point should you sit back and let yourself believe that your strategy will be implemented as planned with no stumbling blocks. Continually seek feedback on the plan and monitor the progress of its implementation.
Read the full article at: http://www.biznews.com/thought-leaders/2014/03/transforming-business-vision-reality-tips-entrepreneurs/
Patty Block, President and Founder of The Block Group, established her company to advocate for women-owned businesses, helping them position their companies for strategic growth. Charting the course for impactful, sustainable, profitable businesses, the beacon is control: of your strategic direction, your money, your time, your staffing, and your ability to bring in business. The Block Group brings together the people, resources and ideas that build results.
Advice for women entrepreneurs.
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