“At the beginning of each new year, business owners often come to me for advice because they didn’t create a solid business plan in the previous year or they created an unrealistic plan that didn't bring in positive results,” says Good. “It's vital that business owners develop an actionable plan with specific goals and objectives that support their financial and performance targets.”
Business coach Patrick Good says writing a well thought-out and organized strategic plan dramatically increases a business owner’s odds of creating a great financial year. However, the basics are simple. Business owners should start by doing a review of their business’ Strengths, Weaknesses, Opportunities and Threats (a SWOT analysis). Once the analysis is complete, they can create goals and objectives, prioritize action items and identify the measurement tools needed to gain insight as to how they are meeting their goals.
“We call this moving your business into Your Business 2.0™ realm,” says Good. “It’s basically taking a serious look at the state of your business by defining certain characteristics and then acting on them.” As a business coach with AdviCoach, a leading coaching and advisory firm, Good specializes in helping business owners remove their blinders about key issues, see their role more objectively and make fact-based decisions to increase organizational performance.
“Time spent today on revitalizing a strategic business plan, creating and then adhering to short and long term business goals, and identifying new opportunities like strategic partnerships will all add to positive ROI growth for 2013,” says Good. “Set key performance indicators (KPIs) that measure performance on such things as quarterly profits, cost savings, and customer retention,” Good added. To learn more about AdviCoach services in your area, please contact Patrick Good, AdviCoach of NW Ohio in Toledo, who can be reached at (567) 686-7565, email@example.com or http://pgood.advicoach.com/