In order for a business to be successful, there needs to be a roadmap for success a strategic plan.
A strategic plan points to specific results that are to be achieved by a business and establishes a course of action for achieving them. A strategic plan also helps the various work units within an organization to align themselves with common goals and provides direction and focus for all employees. Arguably, a leading cause of business failure is not having a strategic plan in place that is being implemented and monitored for results.
Many SME owners find themselves so immersed in day-to-day operations that they have difficulty seeing what lies ahead - both the threats and the opportunities. Equally many owners do not have the experience or the techniques to go about developing their own plan. Many of our partners have extensive experience of developing strategic plans and associated business plans. Many owners feel that strategic plans are for big companies - not for the likes of me! On the contrary, a concise and practical strategic plan has even more relevance for the SME.
Going through the strategic planning process with FBA, you will:
- Gain a clear understanding of your business as it is currently operating in terms of its strategic opportunities and threats
- Generate and evaluate alternative long term objectives to respond to those opportunities and threats
- Develop clear and realistic operational and strategic goals, including the necessary budget, to achieve the desired strategic objectives
- Develop a project plan to track implementation and monitor success
Working with FBA, you can avail of a fast, effective process to build a strategic plan relying on what you know best your business without having to become a master of strategic planning.