Leveraging Operations & Strategy in Small Business | Extraordinary Business
Operations, Strategy, Innovation and Technology in Small Business I recently had an opportunity to interview with Todd Schnick at the Incubator about how small businesses
What is strategic planning? It seems like another one of those business terms that is thrown around haphazardly as though everyone has a clear understanding of what it is and how it is used.
Well, it is actually one of those things that you might label as, “if it was that simple, everyone would be doing it.” To a certain extent, it is. However, the problem some people run into with strategic planning who do strategic planning is about the quality of the plan.
For example: if you were planning to go on a trip that was going to end up being a couple hundred miles away, and you were going to stay for a few days to enjoy the weather, relax on the beach and enjoy lovely sunsets, the first question you would have is “Where should I go?”
Doing a little qualitative research – getting other people’s opinions about where to go might give you some direction. So you might get answers such as Panama City Florida, Hilton Head North Carolina, Wildwood, New Jersey, etc.
While these might be good answers, these aren’t the only questions you want to ask. Based on these answers you still need understanding of more quantitative questions, such as:
Like your trip, in your business, you have an end goal, such as expanding products and services, getting a larger building, increasing customer awareness, etc. While you could simply take the plunge and move forward, hoping for the best, strategic planning will help to discover some of the unknowns, such as
Strategic planning, as a tool, is a tool that you can use to help your business plan for the future in order to reach the goals you have for your organization. Surviving in the marketplace requires the ability to make good decisions, based not only on your instincts and experiences, but also on available information and some creativity. It is never done in a bubble, but within the marketplace system, whose only goal is to continue matching buyers to sellers.
At Aepiphanni Business Solutions, we are a Small Business Consulting Firm dedicated to serving the needs of small business owners. We specialize in helping business leaders and executives organize, plan and develop strategies for their organizations. We are committed to our clients’ success.
If you have further questions about creating your strategy or developing your vision, please give me, Rick Meekins, a call at 678-265-3908, or email us at [email protected].
]]>Operations, Strategy, Innovation and Technology in Small Business I recently had an opportunity to interview with Todd Schnick at the Incubator about how small businesses
Have you ever worked with a business leader who seemed to have it all together? Have you met those on the other end of the
It seems like, when running a business, there are a million things that need to be done at any moment: employees need to get paid,
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