As a business growth strategist, I often recommend undertaking a strategic planning day to work out where the business owner and their businesses are.
When I say this, I often get a response that they know where they want to go so what’s the point in working out where they are now.
Let me give you an example: You get in your car and use your satellite navigation to work out your route to wherever you are going. You punch the destination in and then wait. What does your Satellite Navigation system do?
The first thing it does is work out where you are. Only then can it calculate a route to get to where you want to go.
Your business is no different.
Most of the businesses I work with want to increase income – in most cases significantly. In order to do that, we really need to know if the current business systems are in place to actually deal with increased sales. Do we need more staff? Do we need revised Terms and Conditions? Are our reporting systems ready to cope with increased sales?
These things all need to be put in place; otherwise, the business will end up fire fighting and will struggle to meet demand which may upset the new and existing customers.
So what should you cover in a strategy planning session?
There are 4 parts of your business:
- Your figures and reporting systems
- Your team/ staff matters
- Your sales and marketing
- Your systems and strategy
No matter what kind of business you run these four areas must be covered.
14 years ago I lost a family member aged 38. I realised then there were important things in life than business and money. This tragic event drives everything I do. I am the founder of WOW! Advisors & Business Accountants, MediSuccess and CrystalClear Bookkeeping. I authored Double Your Profits and Halve Your Working Hours for Medical Practitioners.' I am Australia's leading Strategist & Business Adviser with a passion to bring smiles to the faces of medical professionals. As a result of the work I have done & based on my approach I has been recognised on Fox, NBC, CBS and ABC. Most business owners work long hours & recent surveys show that work life balance, income and wealth creation is the major area of concern. My ethos is to work with business owners improving their accounting and taxes but particularly to improve profits/ personal income and wealth whilst cutting working hours in half so that they can enjoy an awesome lifestyle with plenty of time for family, fun and philanthropy. I specialise in the medical sector. I have worked with over 3,500 businesses in Australia, America, UK, Japan and Europe. I soon realised that over 78% of business owners: - Found understanding figures too hard. - Were never taught how to run a business. - Spent money on areas they did not need to. - Paid more tax than they needed to. So we design strategies to specifically deal with the above but also: - Move business owners from being a business operator to a business owner so the business can run on its own. - Create investments, assets and wealth which generate income so that if you are unable to work or retire income is still generated. I am so passionate about saving tax and improving profit that since March 2019 for every $100 we save/ make for clients I am committed to make 20 impact across the world. Currently over 1,000,000 impacts have been made.
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