The Strategic Builder; What is Your Plan?

Post on 20-Feb-2017

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LegacyBizLeaders.com

THE STRATEGIC BUILDER:WHAT IS YOUR PLAN?

WANT GREAT PROFITS, PEACE OF MIND ANDTIME FOR THE THINGS AND PEOPLE THAT

REALLY MATTER TO YOU? THEN DISCIPLINEDSTRATEGY IS YOUR ANSWER.

HERE ARE SOME PROVEN STRATEGIES TOINITIATE IMMEDIATE AND LASTING CHANGE:

1. Get a fresh start. Take yourself outof the line of fire, isolated from people,problems and distractions in order tojust think – for one hour per day.

Try blocking out the time on yourcalendar, the same way you do for adoctor’s appointment or client meeting.

Invest that precious time to write outthe answers to some compellingquestions like:

"Why do we exist?""How much net profit do I really wantand need to make from this businessin a year?""What will that goal require in terms ofsales revenue and gross profit marginachieve it?"

"Who is my ideal customer?""How will we engage with them andconvert them into customers?""What positions need to be hired tofree up my time for leadership?"

In one week, you will have completedfive hours of disciplined planning andlikely will have a sense that you’veaccomplished more than the past fiveyears!

Personal discipline and strategicthinking are undeniably powerful andrewarding.

2. Determine exactly what yourbreak-even revenue is.

How much you should be marking upyour building costs (labor, materialsand sub-contractors) to achieve yournet profit goal?

Make this an epic turning point in yourbusiness life. Go find help! Call yourCPA, business coach, or QuickBooksadvisor.

3. Document the action steps thatneed to be taken, the personresponsible for each step andcompletion dates for implementing theneeded changes.

Considered as the hardest part ofstrategic planning and the only waybusinesses succeed long-term. Why?

It may meanchanging peopleincreasing pricessaying no to problematic customershiring a project or office managerdoing away with employee benefitsand/or expensive equipmentor just getting more focused onhow you will do business

If you want a business coach,call 330-470-1300.LegacyBizLeaders.com