How To Write An Action Plan For A Business

How To Write An Action Plan For A Business-56
The quarter is the way to execute on your strategy to accomplish your business goals.

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We've learned from coaching hundreds of companies that in the rush of the day-to-day, you need to be able to take in your company action plan as a gestalt whole.

If your plan is two or three pages (or, heaven forbid--14 pages! We coach our business clients to review their company's quarterly action plan each week.

It becomes a clear accountability tool and GPS to ensure your team is focusing on the right things and hitting the key milestones on time.

And with your plan being one page, you and your team can take it in with one look.

I strongly advise you to limit your company to no more than three Focus Areas for the quarter (in many cases, having only one or two Focus Areas for the quarter may be a better choice). Because too many top priorities means you have no top priorities.

Generally, we suggest you pick criteria of success that you have control over (or, at the very least, you have a great deal of influence over).

The marketing and sales plans spell out the steps your business will take to achieve its financial and sales goals.

The action plan explains how you will operate and manage your business.

In contrast, a fast food vendor will have to carefully plan for inventory storage and turnover, the cooking process, supplies like wrappers, bags and beverage containers, and employee sanitation, etc.

In most businesses, there is a lot going on in addition to the primary business of providing products or services to customers.

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