1 Literal Business Plan How can your company change

Businesses live in the world of high stake decisions and permanent movement. Every day, you are bombed to solve problems, occupation opportunities and teams. Through chaos, it is easy to feel overwhelmed and mentally sleepy. It doesn’t matter how much work is done, your list is increasing.

In an attempt to gain control, the traders spent countless hours trying to prepare the best business project. Although most of these business projects are detailed purposes, progress trackers and powerPoint slides of the Slides, they often collect dust.

The challenge is that most of the projects are unnecessarily complicated, making them difficult to implement. Instead, businessmen can simplify this process by focusing on their entire business vision on a single, powerful one -word theme of the year. This is then a literal business plan acts as a strategic compass against a tough map. Focusing on one of its words will help the team align and guide every process throughout the year.

Related: 5 ways to simplify your business plan and almost anymore something else

1. Consider your previous 12 months

Before you can chart a course for the next 12 months, it is important to consider where you are (and no, it must not be at the beginning of the new calendar year). Take the time to review the last 12 months, and start making a list of your biggest wins, the proud achievements, what works well and not. By being honest about your past performance, you can lay the foundation for potential opportunities, challenges and changes that you want to focus on moving forward.

2. Indicate new opportunities

In addition to looking within your organization, it is important to take a look for new opportunities. Are there trends that you have not yet made? Are there any new markets or revenue series that are inaccessible? One of the good ways to identify these opportunities is to keep up with industry events, reading industry -related posts and networking.

Look for opportunities that include new technologies, changing consumer behavior and developing competitive landscapes. Once you have a list of these new opportunities, you can identify what is straightforward with your business and team powers, especially those whom they will struggle to make your competitors.

3. Indicate your biggest challenges

The next step is to divert your attention to what you are holding. Internal challenges may include vacancies such as outdated software, team ineffective processes or lack of clear communication. External challenges may include supplier’s availability, growing competitor market share or rules change or regulatory requirements.

When it comes to identifying challenges in your business, traders often have blind locations, so this is a good opportunity to collect feedback directly from your team. The external approach of a professional business coach or adviser can also be incredibly valuable.

Related: The inevitable challenges will face as your business grows – and how to handle them

4. Prepare your future vision

If you waving a magic stick, where will your business be from now? When you prepare this vision, consider all the elements you have reviewed to this location. Think about which challenges you can overcome. Look and what opportunities do you plan to take advantage of?

A good process is to write this vision in the present era. For example, “my business has doubled its sales” or “I have created a process for my team that allows me to balance the better work life.” Writing in the current tension can help you imagine how your future will feel and promote your enthusiasm and encouragement.

5. Mental storms and choose your word

It is a creative heart of action. Start a list of words associated with your vision. The key is not to censor yourself. Hug the process and write every word that comes to mind.

Once you have a list of a few dozen words, start eliminating them at a time until you find something that does not come to the best alignment with your vision. For example, a pest -controlled company that wants to focus on the word “process” can focus on the word “process” to reduce costs, improve customer response times and promote productivity. A marketing agency that feels that it lost its creative edge can choose the word “authenticity” to guide the development of its campaign.

If you do not find a word that resonates with you, don’t be afraid to finish the list and try again. This right must be obtained.

Related: How to use your business plan more efficiently

6. Make it viable and engage the team

Now that you have your chosen word, it is time to let your actions run. The first step is to translate your word into concrete steps. Start making a mental map of projects, changes and opportunities that support it.

For a pest -control company, focusing on the “process” can mean that a key process is a goal to smooth up to 25 %. For the Marketing Agency, the coach, “authenticity” can only lead to a new policy that works only with brands that share their values. Finally, your word should be the basic filter for all year -long decisions.

Of course, the most powerful vision is shared. The word you chosen will be effective only when your entire team understands it. Take the time to clearly interact with your word and explain the vision behind it. Tell them the story of how you chose it and show them how their individual characters and works contribute to the big subject. When your team is really connected, they can make decisions with confidence, solve problems more efficiently and work as a harmony unit towards a common goal.

Adopting a literal business plan can be an interesting new approach to leadership. It is about to do all that is most important and trade complications for explanation. By removing your vision in a single, powerful word, you can change your business, empower your team, and make sure that whatever you choose makes you take you in the right direction.