This article is from your MYB Consultancy for small business
owners, in fact any business owner
Online Business Education – Operational Risk Management
Training
Over and over again as I work with small business owners I find
some don’t have much of a plan, little own a Master Business
Plan. Sure, I find the more successful ones do, but rarely do I
find that they work their plan well or that the plan is actually
comprehensive. This is great for my consultancy of course
because we have something really powerful to get moving on. We
need a Master Business Plan.
I guess I’m a bit like a builder, they can’t start without a
plan and neither can I. How can I help you as much as I am
capable of if you and I don’t have your Master Business Plan.
This is the easiest and most common sense way to make a
comprehensive Master Plan:
1.Create Picture No. 1. This is a picture of what your business
looks likes to you. It can be now or it can be in 1 year, it can
be longer. If you don’t know what it looks like how do you know
what you want your living picture to be. To get anything you
have to see it first.
2.Create Picture No. 2. This is a picture of what your business
looks like from the inside. Think about this as an outsider
would so that your emotions don’t get in the way. Be objective
so that you find both the good and the bad. Know how you really
are.
3.Create Picture No. 3 This is a picture of what your business
looks like from the outside. You need to know and think about
how you are perceived and how the market place is affecting you.
Again, be objective so that you can find both the good and the
bad. Know how your are perceived.
4.Create your Master Picture. This becomes your master plan. It
is the combination of your pictures 2 and 3. You have a list of
all the bad and all the good. Now you can turn the bad into
good. This is your guide to the actions you need to take to have
the business you want. You know what makes up your picture.
5.Know what actions you will take. All the bad things need to
have your ideas about how you will turn them into good things.
This will give you a very clear picture of the right actions to
take. A clear picture contributes to a clear plan
6.Know how long each action will take. Think through what is
required for each action to be put into effect. This will give
you a realistic understanding of the work you will need to do
for each one. You can then work out how long each one will take.
You can create timeframes to work with.
8.Know what your priority actions are. Think about the effect
each action will have when it has been completed. It makes sense
to set targets against each one in terms of when you want to
achieve the results. You’ll know what is of more urgent
importance.
7.Know when you will take these actions. This is really
important to the business. You know what’s involved and you know
the priorities. You need to schedule these into your daily
activities so that you complete the actions when you want to and
need to. You have clear steps to take.
9.Know how it feels when you achieve your plan. How you feel
will determine how committed and focused you are to your plan.
When you consider your Master Plan look at the benefits you will
gain, and how these benefits will make you feel. Visualise it
because that will get you motivated.
10Track your progress. If we don’t know how we are tracking its
hard to keep your momentum going. You also need to make sure you
are dealing with the challenges that are slowing you down
perhaps. You need to maintain your sense of achievement as you
tick off the completed actions. Know that you are on track and
achieving.
Business and personal growth is the linchpin for great business
owners.
This is a common sense, practical way to make sure you know how
to do Master Business Plans. Take advantage of FREE online
business coaching and masimise your Operational Risk Management
Training Opportunity.
More tips for becoming a successful small business owner can be
found at my website: http://www.businesscoachingsite.com
Master Business Planning
Elaine Masters
Business Consultant & Coach
Master Your Business
Online Business Education
Operational Risk Management Training
http://www.businesscoachingsite.com
About the Author: Elaine Masters is a qualified business coach
of successful small business owners who want the best business
possible. Business knowledge and experience for hungry minds.
Find what successful business owners know and others should
learn to be successful. http://www.businesscoachingsite.com
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