TKG Strategic

If your fiscal year follows the calendar year, you are probably beginning to start planning for next year’s budget. Likewise, it is the perfect time to plan a strategic planning day and establish a strategic plan for your business. This planning day will identify the initiatives needed, along with the respective resources, to move the business forward in the upcoming year.

Assuring that strategic initiatives have been addressed in the new budget is a necessary step to the proper implementation of the strategic plan. It also assures the personnel, who have been assigned the responsibility for moving a strategic initiative forward, that they have the support of management to do so. Contact me today if I can help you get your strategic plan developed before your new budget!

“I need to lose weight.” We hear that statement often but one doesn’t lose weight by just saying that. A goal has to be set and a plan put in place to achieve the desired loss. That’s an every day example of the impact of proper planning. Each pound loss requires a “strategic initiative” to achieve. So does each dollar gained in a business!

Put a strategic plan in place to help your business lose its inefficiencies and gain revenue. Contact me to help facilitate the process.

A new school year is starting and many students see it as an opportunity to get good grades and do better than the previous year in some way. Businesses should do the same assessment at some point and that point may be the start of a new fiscal year.

How are we doing? How have we done in the past and how are we positioned for the future? What “grades” will the business earn this year? Are there new opportunities to do better or try a new initiative? These are just some of the questions addressed in strategic planning. I’d love to help you make the grade! Contact me today.

“How’s business?” I asked recently of a young business partner. “Oh, it’s going OK,” was the answer. The person went on to explain that the partner in the business was content with the status quo and didn’t want to revisit their strategic plan that had been developed about two and a half years earlier. However, the partner with whom I was speaking did desire a new strategic planning session but it wasn’t scheduled.

One of the great benefits of a strategic plan is that it provides a dynamic, growth-oriented energy to keep the business moving in the right direction. Complacency, on the other hand, can kill a business. New competition, economic changes, dynamics of customer relations, etc. can change the direction of a business quickly. Contact me for strategic planning facilitation to energize your plan!

Every business should have a written Mission Statement which provides a succinct message of what the business is and does. If you don’t have one OR if your current Mission Statement doesn’t reflect an accurate picture any more, it’s time to revisit the development of one.

A Mission Statement is a part of the Strategic Plan development process. I can help you define one for your business! Contact me today.

Who’s your competition? Do you know who it is? If you know, has it changed? Are your competitors still in business with the current economic times? Have your competitors changed their marketing strategies? Have you? Do you talk and maintain good business relationships with your competitors?

All of these questions are addressed in the planning process for businesses that develop a strategic plan. They know their competitors and know much about their competitors’ strategies.

Get the edge! Develop –or update –a strategic plan for your business today. Contact me to help facilitate it.

Have you ever been in a conversation with an employee and they mention a very innovative idea? It’s a side of that individual you’ve never seen and it intrigues you. You may wonder what other creative skills are possessed by that employee and whether or not they are suited for a different position where their talents may be better utilized.

It has been my experience that every business has amazing, creative employees! Their creativity shines during the strategic planning process when participants are told that all ideas –no matter how unusual or creative they are – are open for consideration. Contact me to facilitate your strategic plan and find your employees’ amazing creativity!

Are you frustrated with the direction of your business? Are business initiatives moving forward or stalling out? Has the business defined new strategies for growth? What is the plan to address new regulations for your business OR technology changes that will affect you? Is your marketing on target?

If you have a strategic plan, you can probably answer the above questions. If you don’t have a strategic plan and would like to develop one, contact me. It’s an amazing tool –and necessary –for businesses!

When should an organization do strategic planning? The answer is not difficult. If you don’t have a strategic plan, do it as soon as you can!

It is helpful to do a strategic plan a minimum of two or three months prior to the start of a new fiscal year. However, if that means waiting for several months, it’s better to do the plan now. You can update the plan, if needed, for the new fiscal year. A simple plan is better than no plan at all. Contact me if I can assist you with this process.

All businesses have been affected by the tough economic conditions we’ve been experiencing in the past year or so. Factors such as decreased business revenue, lay-offs, new personnel, changing clients, delays in payment on accounts, etc. impact the roll-out of a strategic plan. That is why a business must view the plan as “fluid”. It needs to adjust to long term changes.

How does a business adjust? Minor changes may require the extension of completion dates for strategic initiatives. Staffing changes may require a reassignment of initiatives. If there are significant staffing changes and the team is all new, it would be important to have a discussion reviewing the process used for the development of the plan, the assignments, etc. No matter what the factors are that cause a change in the rate of implementation, it is still critical for a business to have a strategic plan and keep their eyes focused on the direction for the business. Contact me if you’d like assistance with this.