Running your business without a strategy is like driving a car without a planned destination. However, our market research indicates that 82% of SMEs do not have a Business strategy. In our experience, the most successful businesses have a clear vision and joined-up strategic thinking, which all owners and managers have bought in to.
The owners’ personal plans have been aligned as part of this process. The strategy is broken down into manageable steps, which are benchmarked, and responsibility is allocated within the management team.
It is essential that progress with the strategic steps is regularly reviewed by management, so there is real accountability in ensuring the strategy is driven through the business. We work closely with the management team to review their current vision, strategy and monitor progress. If significant change is required, we work with the management team to review their current roles and how they are currently spending their time, as they will be crucial in ensuring the implementation of the changes are successfully implemented in the business. A financial business plan should exist which underpins and demonstrates the financial benefit of the proposed strategy. It should ensure the business has sufficient control over cash flow and working capital, to ensure the business is financially stable at all stages of implementing the strategy.
How can we help your business to flourish
- Articulate Vision: We’ll help you define a clear vision for your business, guiding you towards your desired destination.
- Strategic Plan Implementation: Crafting and implementing a strategic plan with actionable steps.
- Accountability: Allocating tasks, setting targets, and fostering accountability within the management team.
- Performance Tracking: Regularly monitoring progress against the strategic plan and industry benchmarks.
- Personal Plans Alignment: Aligning owner/managers’ personal plans (including succession and exit plans) with the business strategy.
- Change Management Assistance: Facilitating successful change implementation.
- Financial Business Plans: Creating robust financial plans to support and demonstrate the benefits of your proposed strategy.
