How to Implement Your Business Plan with 5 Simple Steps
Implement Your Business Plan With These 5 Simple Steps.
Implementing the Plan
You’ve spent the last few months creating your 2022 business plan, and you’re breathing a sigh of relief. Pat yourself on the back for a moment but understand that your job is not done.
You may be able to cross creating your business plan off your to-do list, but don’t shove your hard work into a drawer and forget about it.
If you are at a loss of what to do next, here comes the fun part: implementing it. Follow these five simple steps:
Step 1: Assemble your team
Schedule time with your team to go over the details of your business plan. Talk about the who, what, where, when and how so everyone is “in the know.” Then decide what metrics need to be a priority—such as sales numbers, people numbers, or website traffic—and establish a timeline for accomplishing those goals.
Step 2: Break it down into manageable chunks
Big goals can seem overwhelming until you turn them into manageable objectives. Then create an action plan for the first 90 days to identify how you will get them done.
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Step 3: Delegate responsibilities
You don’t have to do everything yourself. Utilize your team's strengths, especially for those tasks you are not the best at or don’t enjoy doing. Delegating parts of your business plan to others is a great way to get everyone involved, make them feel empowered, and achieve your results faster.
Step 4: Measure results
Numbers are powerful. Put systems in place that will measure your goals’ progress. These numbers will help you determine if your goals are on track, how you can do more of what is working well, and what you need to change that is not working.
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Step 5: Schedule regular business plan reviews
Identify a date on your calendar each week to review the progress of your business plan. During this meeting, everyone will report their metrics, brainstorm ideas, and decide on next steps.
"Good Business Planning is 9 parts execution for every 1 part strategy."
Tim Berry
Understand that it is a working document
The only guarantee in business is that there are no guarantees. Just because you crafted a beautiful roadmap doesn’t mean everything will go according to plan. The best part about an actionable business plan is that it is not set in stone. It’s a working document that you can change or modify as situations arise throughout the year.
New Ideas will emerge
New ideas will inevitably present themselves as you work through your goals. But what happens if those ideas conflict with your business plan? Next month’s blog will discuss how to handle these unplanned but good ideas and how to NOT let them derail your business plan.
Tired of Feeling Lost in the Details?
If you’re ready to stop spinning your wheels and start implementing your plan, contact Healthy Business Manager today. We can help you get the year off to a strong, productive start!
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