Date post: | 14-Sep-2014 |
Category: |
Business |
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Strategic Planning for Small Business
KATHERINE (KIT) BROWN-HOEKSTRA
Introductions
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Pangaea Papers blog
About You
How many years have you been in business?
What type of business do you have?
What’s your vision?
What’s one thing you want to take away from today?
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Agenda
Finding the trailhead
Identifying your tools and supplies
Starting the Journey
Avoiding hazards
Celebrating your arrival
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5Finding the Trailhead
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6Strategic Planning Model
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7What Kind of Person Are You?
Know Yourself Strengths Weakness Passions Values
Know Your Circumstances Finances Lifestyle Time Challenges
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8Got Skills?
Management
Technical
Administrative
Accounting
Sales
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Image: taoty / FreeDigitalPhotos.net
Analyze Where You Are
Purpose of Analysis
Highlights true focus and vision Provides context Builds awareness and buy-in Builds a trail guide Identifies areas that need
additional resources/pain points
Allows you to plan globally and act locally
Identifies priorities
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SWOT Analysis
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Strengths
Weaknesses
OpportunitiesThreats
Identifying Tools & Supplies
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14Picking your Team
Lawyer
Accountant
Banker
Financial planner
Insurance agent
Real estate agent?
Mentors
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15Plan Your Route
http://www.trailinfo.co.za/hiking/klipkraal/maps.html
Starting the Journey
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17Keep Visualizing
Wilderness Guide Mary Murphy on Appalachian Trail http://bit.ly/GA1LIH
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18Close the Gap
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19Measure Your Progress
Credit: ED YOUNG/SCIENCE PHOTO LIBRARY
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20Houston We Have a Problem
Financial
Project Management
Personnel
Legal
Burnout
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21Financial
Cash flow
Client payment
Vendor payment
Taxes
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22Project Management
IT
Juggling multiple priorities
Slipping schedules
Bad clients
Paperwork
Knowing which projects to take
http://www.dem.ri.gov/programs/director/emerresp/pictures/chemical_fires/slides/cf13.html
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23Personnel
W2 or 1099?
Hiring/firing
Training
Harassment
Managing with clients
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24Legal
Contractual
Liability
Workers comp
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25Burn Out
Working 24/7
Trying to do to much
Not saying NO
Needing new challenges
Needing a vacation/sabbatical
Fretting over finances
http://inhabitat.com/why-global-warming-is-not-the-biggest-reason-forest-fires-are-so-rampant-now/
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26Saving Your Own Bacon
Use your team Ask advice Plan Perform regular risk assessment Schedule yourself in “Sharpen the saw” Regularly re-evaluate Say NO Take a vacation and leave your work behind
Questions?
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28Small Business Resources
Organizations: SBA (www.sba.gov) NAWBO (www.nawboboise.org) SCORE (www.score.org/) Chamber of Commerce (www.boisechamber.org/) STC CIC SIG (www.stcsig.org/cic/)
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29Resources (continued)
Publications BusinessWeek (www.businessweek.com/) Inc (www.inc.com/welcome.html) FastCompany (www.fastcompany.com) Wall Street Journal Fortune Escape from Cubicle Nation
(www.escapefromcubiclenation.com) Duct Tape Marketing (www.ducttapemarketing.com)
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Resources (continued)
Books Body of Work
Now, Discover Your Strengths
Standout
Consulting for Dummies
Finding Your Own North Star
7 Habits
Do What You Are
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31Contact Info
Kit Brown-Hoekstra
+1 720.542.3075
www.comgenesis.com
www.pangaeapapers.com
@kitcomgenesis