Focus: 5 SecretsTo Effective Business Planning - The Secrets

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Business Planning is IMPORTANT, it's been BROKEN, It's EASY and it can be FAST! FOCUS31 guarantees it! In previous segments we have identified; -The 5 reasons business owners don't Business Plan -The 5 reasons why Business Owners need to Business Plan
-The 5 Benefits of Effective Business Planning.

In this segment we share our 5 Secrets to Effective Business Planning (See our YouTube video as well at http://www.youtube.com/watch?v=vWGA6Wpcsbk).

Here are the 5 Secrets to Effective Business Planning:

1) Have a Vision Statement that simply states "how much, by when, doing what, for whom, in what geographical area".
2) Have a Mission Statement of 4 - 8 powerful words that answer the question "why does this business exist or what do you want the customer experience to be?"
3) Have Objectives that set the parameters for success for the fiscal year and measure yourself against them
4) Have Strategies, BHAGs (Big Hairy Audacious Goals) plus 3 - 4 ways you can begin to progress your business towards the BHAGS
5) Have Action Plans, project work that implements the business plan

Busines Planning is IMPORTANT, it's been BROKEN, it's EASY and it can be FAST! FOCUS31 guarantees it!

Learn how to engage in effective Business Planning with FOCUS31. Email james@focus31.com

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Focus: 5 SecretsTo Effective Business Planning - The Secrets

  1. 1. FOCUS<br />THE SECRETS<br />
  2. 2. 5 SECRETS TO EFFECTIVE BUSINESS PLANNING<br />!<br />
  3. 3. Secret #1<br />Have a VISION Statement<br />Answers the question…<br />What Are You Building”<br />In the form of<br /><ul><li>How much? (Revenue)
  4. 4. By when? (3 years)
  5. 5. Doing what?
  6. 6. For whom?
  7. 7. In what geographical location?</li></li></ul><li>Secret #2<br />Have a Mission Statement<br />Answers the Question…<br />Why does this business exist?<br />4 – 8 powerful words that define the customer experience or what it will become and aligns the employees to it.<br />
  8. 8. Secret #3<br />Have Annual Objectives<br />Answers the Question…<br />What will be measured?<br /><ul><li>Revenue
  9. 9. Profit
  10. 10. Net New Customers
  11. 11. Verb + Noun + Date .</li></ul>You must measure them!<br />
  12. 12. Secret #4<br />Have Strategies<br />Answers the Question…<br />How will this Company be built?<br />= BHAG + 3 or 4 ways to progress the Company towards their achievement<br />Have 4 – 5 BHAG eg.<br /><ul><li>Perfect Business Planning
  13. 13. Raving Fans
  14. 14. Employer of Choice</li></li></ul><li>Secret #5<br />Have Action Plans<br />Answers the Question…<br />What work must be done?<br />Format of:<br />Verb +Project Name+ Due Date <br />Eg. Launch web site by 05/31/11<br />Other: <br /><ul><li>Max. 3/Quarter
  15. 15. Max. 9 at any give time</li></li></ul><li>My Guarantee<br />Business Planning is IMPORTANT<br />Business Planning has been BROKEN<br />Business Planning can be EASY<br />Business Planning can be FAST<br />
  16. 16. FREE<br />FOCUS MULTIMEDIA COURSE<br />focus31.com<br />James M. Burgess<br />905.895.2719<br />james@focus31.com<br />

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