6 simple actions to prepare your business for 2021

Updated: Jan 20

Clearly there will be short-term actions on EU trade for some. However we encourage all clients to consider taking time this month to prepare a Strategic Plan for 2021.

A sailor without a destination will never get a favourable wind.

It is easier to get to your destination with a plan. This is a simple truth. So, if you are driving from A to B, it helps to know where A is and the directions you need to take. If you have a vision of what you want your successful business to look like, then you are in a position to drive your business towards that vision, and you can monitor your progress towards that goal.

If you do not have a strategic plan, then you could get blown around like flotsam in the sea. This way and that way, without any control. If we agree it is hard to accomplish anything without a plan, let’s start thinking about putting one in place. A plan looks at all the things a business could do and narrows it down to the things it is actually good at doing. A strategic plan also helps you determine where to spend time, resources and money.

So how do you put a strategic plan together?

1. Take time to review your own personal objectives - the business is there to provide you with what you want from life, do not forget this.

2. Look at where you are now, your strengths, weaknesses, opportunities and threats. Take external advice so you have a clear understanding of your position in the marketplace, the competition, your systems and the way you do things and what you are good at and what you are not.

3. Focus on where you want to be (say) in 2 years, what you want your business to look like when it is running profitably and successfully. Then you can determine your priorities - the big issues that you need to focus on - this is the strategic plan!

4. Write down your vision and define what you must achieve and the actions you need to take. Monitor how you are doing towards your vision each month and what actions have been completed and what needs to be done to keep you moving towards your plan.

5. Allocate responsibility for taking the actions.

6. Monitor, review and adjust your regular activities to keep you on track towards your plan.

We have useful tools and checklists to help you analyse where you are now, set a strategy, agree actions and monitor them. Please talk to us about how we can help you achieve your goals - we have helped many other businesses grow and succeed!