Chances are that as a business owner you’ve heard the term ‘strategic planning.’ It’s all about forward-thinking, planning your steps, and preparing in a way that give you the best possible chance of success.

You can’t build a house without a foundation, and that’s exactly how we can view our businesses. We need a solid understanding, the right information, and insights to inform us of what our next steps should be.

Here are the first few steps that you can take to begin this process:

1. Gather your team

Who do you currently work with? Is it just you? Could you consider collaborating with some specialists to help you achieve your goals? Could outsourcing difficult tasks be beneficial to you?

Do you already work with a few different people, but need to re-evaluate one of those relationships, or even add in another?

Now is the time to ask questions like these so that you can pulse check the quality of your team, who you can ask for help, and how you’re going to get everything done.

2. Set the right timeline

In January/February, everything is typically ‘year long’ focused. But (especially if this is your first strategic plan), maybe consider creating a 6 month one, and then re-evaluate mid-year. Celebrate your wins, acknowledge the areas you need to improve, and assess the gaps.

3. Revisit your mission and vision statements

If you’re just starting your business, this is critical as it will form the foundation of what you circle back to in business. If you’ve been running your business for a while, re-visit just to ponder on them. Do you need to adjust them? Or is it helpful to just read over them as you enter a new year?

Reconnect with the purpose and why you do what you do.

4. Who do you want to connect with?

One of the biggest traps business owners walk into is accepting all business leads in the beginning regardless of whether they are the right fit.

Focus on niching down exactly who it is you want to work with and why.

When you focus on serving value to your ideal client, your pathway to success is much more fulfilling and enjoyable. It also allows you to refine what you are known for and become a key person of influence in your industry.

Strategic planning sessions are an easy way to seek clarity and move forward in the right direction for your business to thrive.

—

About Your Accounting Sanctuary

YAS is a boutique accountancy firm in Sydney that empowers passionate people to build businesses, stress free.

Forget everything you know about old school accountants and make way for a new era of approachable, fun and strategic advisors who prioritise your business dreams.

The YAS experience means that your financial stress doesn’t keep you up at night and instead, you feel relieved and relaxed that your numbers are being nurtured by the professionals.

If you are a business owner with a terrific team and hope for business growth, book a free discovery call with the YAS team today.