No Business Plan, No Problem!

If you’ve come to this place in time of your organizational life cycle without a documented plan, and not sure how to begin the process in mid-stream; no worries! I am presuming, of course, that you are not on the brink of bankruptcy due to the lack of planning and review.

My first suggestion is that you clean off your desk to begin setting up short term goals and objectives that can be implemented immediately: today or tomorrow. Document your end of year targets:

  • gross sales
  • prospecting growth (new accounts)
  • marketing plan
  • promotional budget
  • operating expenses

In your review and analysis of the short term goals and objectives, constantly review new strategies:

  • prospects
  • cross sell existing customers
  • marketing and promotional avenues with best ROI
  • expenses in your operating budget.

Over the next several months you will also reflect and establish the long term organizational issues, which I tend to do in reverse order:

  • succession plan
  • 10-year vision
  • 5-year vision
  • 3-year vision

Be sure to establish earmarks on your long term plans. Keep in mind that these plans will get worked into the short goals and objectives. They may come to fruition, or be adjusted to accommodate new theories, technologies, and opportunities.

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