It’s hard to accomplish anything without a plan. Whether you’re coaching a football team, cooking Christmas dinner, or running a business, you need a strategic plan.
A strategic plan looks at all the things your small business could do and narrows it down to the things it is actually good at doing.
Developing a strategic plan might seem like an overwhelming process, but if you break it down, it’s easy to tackle. Here’s our four-step approach:
1. Determine where you are. This is harder than is looks. Some people see themselves how they WANT to see themselves, not how they actually appear to others. Many small businesses get snared in this same trap.
For an accurate picture of where your business is, conduct external and internal audits to get a clear understanding of the marketplace, the competitive environment, and your organization’s competencies (your real—not perceived—competencies).
2. Identify what’s important. Focus on where you want to take your organisation over time. This sets the direction of the enterprise over the long term and clearly defines the mission (markets, customers, products, etc.) and vision (conceptualisation of what your organisation’s future should or could be).
From this analysis, you can determine the priority issues—those issues so significant to the overall well-being of the enterprise that they require the full and immediate attention of the entire management team. The strategic plan should focus on these issues.
3. Define what you must achieve. Focus on where you want to take your organisation over time. This sets the direction of the enterprise over the long term and clearly defines the mission (markets, customers, products, etc.) and vision (conceptualisation of what your organisation’s future should or could be).
4. Determine who is accountable. This is how you’re going to get to where you want to go. The strategies, action plans, and budgets are all steps in the process that effectively communicates how you will allocate time, human capital, and money to address the priority issues and achieve the defined objectives.
This is what are initial 3 month program looks like. You will enjoy many benefits, including:
Gaining from one of our mentor’s experience and expertise.
Receive critical feedback in key areas, such as communications, interpersonal relationships, technical abilities, change management and leadership skills (managing up & down).
Develop a sharper focus on what is needed to grow professionally within your organisation.
Learn specific skills and knowledge that are relevant to personal and business goals.
Have a friendly ear with which to share frustrations as well as successes on your journey.
Specific benefits aligning to all elements of our executive coaching model.
Here’s what our 3 month executive coaching model looks like:
Step 1. Chemistry Meeting. Coach engages with client.
Step 2. Assessment Discovery, Alignment, Process.
Step 3. Goal Setting. Business and Personal.
Step 4. Psychometrics – Communication and Motivators.
Step 5. Engagement Schedule. Set Session Dates.
Step 6. Mid Point Review. Progress Vs. Goals.
Step 7. Evaluation Process, Measures, Alignment Vs. Goals.
Step 8. Extend Program, Design New Program, Objectives and Goals.
Executive Coaching – Sydney | Melbourne | Brisbane | Perth | Adelaide | Hobart | Auckland | Christchurch
Sydney Head Office: Suite 2, 11 Phillips Street Neutral Bay NSW Australia 2089.
Melbourne Office: Suite 2, 432 Smith Street Collingwood Victoria Australia 3066.