It’s that time of year where most businesses, large and small are reviewing their annual plans and making adjustments for the second half of the next year. These plans become the blueprint for achieving the company’s overall goals. They’re similar to the game plans that sports teams create for winning and defeating their opponents.
Jim Fannin said it best, “the champion wins first, then walks into the arena. Everybody else walks into the arena and then tries to figure out what to do.”
Why do I need an action plan?
Your action plan will define the exact strategies and action steps you plan to take in order to achieve your goals. Then, implementation will turn that plan into business growth and profits. Nothing changes without action, remember that.
Some business owners skip the entire planning process and get right to implementation. That doesn’t usually work because there’s no clearly defined strategy. They do this, then they try that, then they stop altogether because “it didn’t work”.
What should be included in your plan?
The plan should include your goal, the strategy, the action steps and the resources (team and systems) necessary to grow your business.
What’s going to stop you from working the plan?
Fear. It’s not money, time or one of those other sexy excuses, it’s fear – the fear of success, the fear of failure or both. When you know what stops you, you can decide to keep doing the work necessary to move your business forward or you can decide to keep dreaming of the next level.
Do strategic plans really work for small business owners?
Yes, absolutely! According to the SBA, one of the top 10 reasons small businesses fail is due to poor planning. No sales plan, no marketing plan, no operations plan, no financial plan, no plan at all is a recipe for business failure.
I don’t know what stage of business you’re in but below are a few examples of what my clients have experienced as a result of my profit planning process:
• Went from making no money to four clients in 30 days while working a full time job
• Landed the largest client ever ($25k!) after being in business more than 10 years
• Generated 6 figures in revenue for the first time and pays herself a monthly salary
• Generated 7 figures in revenue 8 months after implementing her profit plan
If you’re wondering how to turn your action plan into big money paydays or you’re wondering how to create your big money plan, then join me for my complimentary webinar, The 30 Day Big Money Plan. Get all the details here.