Business and Strategic Planning
Developing a Business and Financial Plan
Nearly every business starts off as a reaction to an opportunity. The entrepreneur realises that there is potential to earn money. Initially they work on their own or with a limited pool of relatives or close friends. They are the product/service designers, the product builders, the sales person, the cashier, the accounts person and the administrator. They answer the phone, they package the product and if required they will deliver the product. When they get home they will market the product, they will manage the bank account and if they have time they will eat and get some sleep.
Unfortunately most of these business-athletes react, react to the next customer, they don’t plan. To plan takes time and time is their master. More than likely they understand that they should plan, that with planning comes organisation, with organisation comes efficiency, with efficiency comes effectiveness, with effectiveness comes more opportunity for luck, with luck comes success.
If they are lucky, they will grow and with growth normally follows increased demand on capital, which also normally leads to their bank or an investor. These both will demand plans
Building a Sustainable Business From the Ground Up
First time entrepreneurs are often racked by the question “How do you know what you don’t know?” Is your product/service the best it could be? Is the Packaging, Marketing and Sales good enough? How do I go about recruiting the right people? Am I charging enough or too much? Have I enough funding? And so on and on and on.
When the entrepreneur starts their business they are often so busy dealing with their immediate sales that they never get an opportunity to step back and plan.
Everybody does what they can. When a new issue arises they adjust or add to something already in situ. The business ends up as a series of sticking-plaster solutions rather than well thought out and designed systems processes. This programme will instruct the entrepreneur as to the structures and tools that every new business requires. It will facilitate them to best position their business to maximise its potential.
Organising your Organisation – Moving from Youth to Maturity
For businesses that have survived their birth and are showing signs of potential. Typically symptoms include lots of very committed, multitasking, energised and exhausted people who are still enjoying what they are doing but are starting to question if they are getting their fair share. Not every successful entrepreneur is a great business leader. Typical characteristics of successful entrepreneurs include super self-believers, fantastic idea generators, avaricious control maniacs who see solutions before they see problems. However as the business grows with the corresponding human resource growth often these entrepreneurs are best served by being allowed to return to their first love of new business generation and allowing trained professionals to take over their babies and build sustained growth models.