Practical Business Planning for Small Business

by Algonquin Investments Pty Ltd on Sep 07, 2009

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This is a presentation of my 25 years of experience operating small businesses that won many awards including sharing the top 10 Best Employers Award with Nokia, Cisco and Apple from the Australian Gra...

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Practical Business Planning for Small Business — Webinar Transcript

www.RussellYardley.com 5 September 2009 Practical Business Planning for Small Business Planning for small business is about being prepared and being capable to take advantage of the opportunities that present themselves. Planning is more about learning and preparation than it is about trying to predict the future © 2009 Algonquin Investments Pty Ltd

Why do we need to plan?  The entire company needs to understand the planning process to know how the company delivers its products and services  Every employee needs to know what are the core skills and values required to exceed the customers’ expectations  This must be done profitably which demands: • The right quality • To meet requirements • Efficiently • With minimum cost Environ- Assess Plan Do Verify Review ment © 2003 Silcar Pty Ltd All rights reserved

The Evolution of This Approach • A simple and useful structure to follow • With strong theoretical foundations • A focus on execution to achieve desired results and effect © 2003 Silcar 2003 All rights reserved Environ- Assess Plan Do Verify Review ment © 2003 Silcar Pty Ltd All rights reserved

Planning Approach  What is the company’s purpose  How does the company go about its business? • Values/ethics/ideas /good intentions • Goals (not dreams) • Objectives  Aligning company goals with customer goals and the day to day actions of our staff • Making the mode of operation visible to both staff and customers • Achieving a common understanding of context, relevance and purpose Environ- Assess Plan Do Verify Review ment © 2003 Silcar Pty Ltd All rights reserved

The Planning Cycle Review the Opportunity Goals context of and Risk Objectives Everyone understands why the business Assessment Plans things need to be done What is and what their role is in achieving success The planning process links what the company is today with the daily Results actions that will achieve the aspirations of the Changes to business operations Outcomes Environ- Assess Plan Do Verify Review ment © 2003 Silcar Pty Ltd All right reserved

The Current Environment Review the Who Be brave involve everyone who context of The owners, can make sure this is a realistic the business directors, team accurate statement What is leaders, customers What Audit the business to get the Finance data to build a picture of the Operations whole business Sales How Gather data from original Hard data sources –orders, call logs then SWOT management reports Environ- Environ Assess Plan Do Verify Review ment © 2003 Silcar Pty Ltd All right reserved

Assess Opportunities and Risks Opportunity What and Risk Determine the Assessment likelihood and consequence of How each Describe the impact or outcome of each risk or opportunity Who The owners, Output directors, team A realistic picture of the current leaders, customers state of the business, the environment and context within which it operates and the opportunities it has to grow profitably Environ- Assess Plan Do Verify Review Assess ment © 2003 Silcar Pty Ltd All right reserved

The Plan Planning Goals Goals Objectives A description of the desired Plans outcomes for the company Why Why Objectives What What Specific, Measurable, Achievable, Results focused How and Time framed How Plan A description of what has to be done, the required Executing resources, by whom and when Environ- Assess Plan Do Verify Review Plan ment © 2003 Silcar Pty Ltd All right reserved

Let’s Keep this Conversation Going Website: www.RussellYardley.com Twitter: rmyardley LinkedIN: www.linkedin.com/in/russellyardley Email: yardley@AlgonquinInvestments.com 21 July 2009 © 2009 Algonquin Investments Pty Ltd 16

crazyallan Nice ppt 6 months ago

Are you sure you want to Yes No

Lida Elezi please give me a soft copy of this presentation to my email account. enkeleida_2007@hotmail.com 8 months ago

babe1976_ph please give me a soft copy of this presentation to my email account. babe1976_ph@yahoo.com. thanks 10 months ago

Jesús Fernandez at Jesús Fernandez Hello! I congratulate you for your excellent presentation. It’s really interesting. I add your presentation as a favorite, I hope you visit my presentation, and also add me to your favorites. Thanks, greetings from Venezuela http://www.slideshare.net/jesusd411/microsoft-office-nuestro-estilo-de-vida-3202387 Add me to your Favorites click on the heart that says Favorite. Thanks 2 years ago

Graeme Wood , Consultant gets my vote 2 years ago

Portable at Portable A fantastic presentation. Very open and informative. Especially good for those at the start of the business process who can take some business lessons when they most need them. Great work, Russell. 2 years ago

jvanreyk An excellent presentation. Clear. Practical. Insightful. Shows a depth of experience. Thank you. I learned a great deal. 2 years ago

declanmcewan at Declan McEwan This is an extremely practical presentation that gives great examples of how to engage people in executing the plan. As a student I found this very insightful. Well done. Thank you. 2 years ago

Walter Adamson , Principal - Melbourne at iGo2 Group 25 years of experience compressed into 15 slides - a gem of information and all makes sense - many times over - to me. Good luck with the votes. 2 years ago

Practical Business Planning for Small Business

by Algonquin Investments Pty Ltd on Sep 07, 2009

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Practical Business Planning for Small Business — Webinar Transcript