What’s so important about  Strategic Planning?

Are you a Small to Medium Enterprise that wants tailored and regular advice? Is your market price sensitive? Are you achieving the lifestyle you deserve?

If you think your business may not achieve its full growth potential, it is time to develop and implement some Strategic Planning.

The traditional entrepreneurs’ opportunistic approach when starting a company may not be suitable anymore in the more mature phase of the company’s development.

To maximise the possible potential of your business, it may be necessary to engage a business strategy specialist to assist your business to develop a mid-to-long term strategic plan and associated business plans. A lender may require these models if a Line of Credit is sought for growth opportunities.

We work with our clients together to conduct business diagnostics that going through our ROCKET™ to ensure all the areas of your business are covered:

• Product & Services
• Marketing & Sales
• Finances
• People
• Systems & Processes

We also undertake a Strengths, Weaknesses, Opportunities and Threats analysis (SWOT).

After this holistic process is completed we provide our clients with a detailed plan focussing on areas that need to be improved and leveraging on strength areas.

This helps us to build an action plan that we will track the progression through overall company Key Performance Indicators (KPIs) including: Sales, Finance, Quality, Cost, Delivery and Safety.

We then focus on actions and accountability. To ensure the business is moving forward, we hold regular board meetings that include:

• the review of financials figures
• the review of the plan and the actions undertaken within the period
• Key Performance Indicators (KPIs)
• Review of the Action List – what remains to be done to achieve our goals
• Strategic decisions/advice to grow the business

Projects, procedures drafting, controls set up and other specific activities are conducted in between the board meetings.