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  • Renee: CEO Coach & Management Specialist 11:57 pm on April 12, 2010 Permalink | Reply
    Tags: , , , , development, , , , , , ,   

    The strategic planning process is future… 

    The strategic planning process is future oriented and consists of visioning, creating a mission statement, gap analysis, environmental scans, trend analysis, strategy development & benchmarking. By knowing this lets you know that strategic planning IS for the small business. Similar to larger corporations but on a smaller scale. Strategic planning helps to produce lots of ideas and written action steps. So get started on your strategic plan today!

     
  • Renee: CEO Coach & Management Specialist 5:36 pm on April 7, 2010 Permalink | Reply
    Tags: , , Business Start-up, , development, , franchise, maintain, , , ,   

    Put Some Fore-Thought Into Starting & Maintaining A Business 

    There’s a lot to starting and maintaining a business. Now you have some pre-thinking & preplanning to do. If it is a business that’s worth pursuing, then it’s going to take everything that you got (as far as energy, some money & time goes) mixed with a lot of innovation, motivation, planning, skills & support. The most important part is research and planning. Yes, it is true that at the beginning you might have setbacks & some failures but initial mistakes are not always fatal. Depending on your situation, sometimes you can recoup.

    To get things back in order & continue with the start-up phase might take  support, extra skill, discipline and hard work. Before just diving right into a new business venture or an additional one, do some preplanning, exploration and evaluation of your business & personal goals. Your preplanned research information can help you to build a comprehensive, well thought-out business plan that will help you reach these goals. A well developed business plan & strategic plan will force you to think through issues that you may not have considered before. It can also save you lots of time, money, setbacks & heartaches.

    Remember when starting out in business do a little strategic thinking, strategic planning, setting up a general business plan & a strategic plan. A strategic plan should not be confused with a business plan.

    A strategic plan is a shorter document defining how you’re going to manage the business that you already have, your business strategy, direction, marketing, decisions, capital, people, S.W.O.T analysis etc… on allocating resources to pursue this strategy.

    A business plan is a more substantial and detailed document about the business that you want to start, how to start it, goals, info on the team or business reaching these goals, why you can achieve these goals and the plan for reaching those goals.

    Your plans will become valuable tools & provide milestones to gauge your success as you embark upon your business adventures.

    ~~For Support With Your Strategic Or Business Planning and Office Management Support contact:

    Clerical Business Solutions: clericalbusinesssolutions@gmail.com

    Clerical Business Solutions (CBS) is a Virtual Business Assistance Company & Office Management Specialist, Providing assistance in overflow work, subcontracting, outsourcing of business office management /support & document creation.

     
  • Renee: CEO Coach & Management Specialist 5:44 pm on August 29, 2009 Permalink | Reply
    Tags: business location, development, , location, proximity, real estate, ,   

    Location, Location, Location: Your Business Proximity Matters 

    Out of all of the many business decisions that you’ll make, your business location & proximity should be at the top of your list. It’s a big part of the strategic planning of your business. When you strategically plan, do your research and talk to business development professionals then that could help you to better Ebook: Gain Business Success In A Recessiondecide on your business location and proximity of your needed resources or customers.

    You can gain more clients/ customers by showing them that you can meet their location needs. Whether you’re online, offline or both. The proximity of your business is not a guarantee of success but it’s good enough insurance against real quality problems. If you are trying to sell your business, then location & proximity of your business plays a big part in your success.

    Identifying the needs of your business is very important. When you know and understand how your services or products affect your customers/ clients, it helps to avoid bigger problems down the road. Choosing the right location for your business is a balancing act.

    • Are you in the right location for the right people?
    • Is it time to relocate or expand?
    • Should I be online, offline or both?

    Cost can be a concern but it’s not the only concern. When it comes to the location of your business weigh your options carefully. Sometimes you may have to commute and get outside of your area. The type of business that you operate will determine if you need a business online, offline or both.

    Many times, the location of your brick n’ mortar operation can make or break your business. Checking out the demographics of your business can be as simple or complex as you make it. Get a demographic overview of the area that you may be looking into; such as age, households, income etc… When you know the type of customers that you want to sell to then you need to select locations centered on that.

    Doing your research and the strategic planning of your business can help you to determine if you need a business in the city downtown area, a place out in the suburbs or the country. Include in your research & strategic planning a competitive analysis. Doing a competitive analysis before opening a business location can give you an idea as to whether or not you should be near your competitors.

    Sometimes being near your competitor can have its advantages. For example just take a look at your local mall, many of them have similar stores all in one building and many of them do quite well. On the other hand being too close to your competitors can be deadly for your business. For example if you have a cake shop in the same neighborhood as other cake shops, you may have a hard time bringing in business. But if you have top quality services & products you can bring in a lot of business in the same neighborhood.

    You need to size up the demographics and get the help that you need. Don’t go at it alone, ‘cause you want to avoid costly mistakes at the beginning & during your business.

    So talk to some professionals in business development, business consulting, business real estate etc… Once you’ve made your plans, you have them down packed and you’ve talked to a professional then you just may be ready to begin business.

     
  • Renee: CEO Coach & Management Specialist 3:39 pm on July 6, 2009 Permalink | Reply
    Tags: brainstorming, , development, , , , , open, start, start-ups, want   

    I Want To Start My Business Now 

    Congratulations on wanting to start your new business!! Now that you’ve made up your mind to start your new business venture, it’s time to start moving forward. Starting a new business begins with a thought & an action plan, mostly a strategic plan. Where are you going with this?

    Starting a new business is an empowering and uplifting event. But in the startyeswereopen up phase of your business you must proceed with caution, ’cause there are so many things to consider. Start with a strategic business plan to help get you through and you can modify the plan as you go along.

    There have been many successful businesses that have started with little to no pre-planning at all and they have succeeded quite well and they continue to succeed. Sometimes that may not be the case for everyone. I’m not saying don’t go for it and start your business but don’t rush into business too soon without careful thought, planning and preparation.

    There IS NO SUBSTITUTE for a well prepared business plan and there ARE NO SHORTCUTS to creating it!

    Many start-ups start and fail all within the first five years. Many of them fail within the first 6 months to 1 year. You have to take into consideration many aspects of business such as financing, where to start your business, business structure (sole proprietorship, llc, corporation etc…)

    • Also do you really have what it takes to start a business or even operate one?
    • Do you need the help of investors?
    • Have you done your research on what you want to pursue?
    • Do you have the stamina to go through with it all?
    • Will your type of business be successful?
    • Do you have any pre-planning steps?
    • Is there a market for your type of business?

    There is so much to think about when starting and maintaining a business. Starting is one thing but maintenance is the most important.

    I say go for the gusto and start your business but proceed with caution and seek out sound advice preferably from a business consultant. For many, having business consulting advice can lead you into the right direction Sometimes the advice and/ or support from friends, family or associates might not hurt.

    Do you have the support of friends and/ or family members? Not all friends and family members will be supportive of your ideas. Many times you don’t even need their support.

    So then you have to decide whether or not to start with or without their support or even tell them about your new venture. As passionate as entrepreneurs must be to drive start-ups forward, they also know when to cut losses (hint, hint).

    You need to have a good action plan, you know, a good strategy as to how to go about your new business venture, such as your goals, budget and marketing.You need to spend time working on your business strategy action plan. You need sound implementation steps & then put them into action.

    You also need to review what has been achieved so far and make note of the good and bad steps that you have taken. When you make note of things, you can track your progress, you’ll learn from your mistakes and learn to do things better. Now on your mark, get set, go start your business!!!

     
    • Sharon Wilson 3:25 am on July 7, 2009 Permalink | Reply

      Thank you for sharing these very helpful tips. Entrepreneurship starts with a passion. Strategic planning would be very important coupled with action plans.

      • Clerical Business Solutions 3:47 am on July 7, 2009 Permalink | Reply

        Hi Sharon,

        You’re welcome, I’m glad that you found them informative. Many wanna-be entrepreneurs and current business owners tend to want to rush things and never give any consideration to planning or they give too little thought to planning and researching their new business venture.

        They just dive right in and then later on down the line, they wonder what went wrong.

        That’s why I stress to my clients about having strategic plans & goals. You can’t go wrong with strategic planning.

    • Peter Baptiste 10:22 am on July 15, 2009 Permalink | Reply

      I agree with you. I always tell my clients to get themselves a clear vision to set their sails for the shores of wealth and prosperity.

      More power!

      Find out more tips on how to generate more business & moneyon my website.

      • Clerical Business Solutions 7:14 pm on July 16, 2009 Permalink | Reply

        Hi Peter,

        Many people never develop strategic thinking or planning to help them in their business endeavors. It’s good to have a plan of direction & implementation for what you are trying to accomplish.

  • Renee: CEO Coach & Management Specialist 5:21 pm on May 21, 2009 Permalink | Reply
    Tags: , , , , development, , , kpi, project assistance, ,   

    Now Exactly…Where Are We Going With This? 

    You are on the road to no where & you haven’t got a clue as to what direction to take your project into next? You’ve tried one direction or another. If you

    bigstockphoto_Crossroad_404579want to succeed in your projects or business, you need to come up with some sort of strategic plan. A strategic plan gives you clear direction, focus and keeps you from straying from the path.

    To give direction to your project plans or business, you need to develop a strategic plan. In the developmental & working stages it is very important for you to be realistic.

    It’s important for everyone to work together as a cohesive unit to achieve success. If you are working by yourself, you’ve got to maintain focus, stick to a strategic plan or seek assistance. If you have a team, try to see if you all can come on common ground to work together so that all of you can perform as one.

    It can be hard to take an honest look at how things are going and the ways in which you can improve your project or business outlook. When planning for success your goals should be high, but achievable. With any business or project, you need to a have clear, well defined directions.

    How will you know if you’ve gotten there

    if you don’t know where you’re going?

    Sometimes people do things haphazardly, just hoping that it’ll all work it’s way out. That’s not a good way to do things. Sometimes that can show a lack of preparation, forethought, or not having the ability or skills to accomplish the task at hand. Project management includes developing a strategic project plan that includes:

    • defining and confirming the project goals and objectives
    • identifying tasks and how goals will be achieved
    • quantifying the resources needed
    • determining budgets and timelines for completion

    A big key to project planning & success is IMPLEMENTATION. When you have that follow through with each step and rechecking as you go, you can reach completion and success. It also includes managing the implementation of the project plan, along with operating regular ‘controls’ to ensure that there is accurate and objective information on ‘performance’ relative to the plan, and the mechanisms to implement recovery actions where necessary.

    Everyone should be clear on the roles that they are expected to play. There should be a clearly defined leadership role in managing projects. A leader is responsible for providing leadership, direction, and control for all aspects of the company’s activities in order to ensure effectiveness in organizations and in managing change.

    http://www.condron.us
     
  • Renee: CEO Coach & Management Specialist 6:24 pm on December 29, 2008 Permalink | Reply
    Tags: big idea, , development, economic development, economic growth, , ,   

    A Business Strategy: So What, Who Needs It? 

    As you go about your day & your business , do you just haphazardly move through your business or projects without a strategic plan? Are you struggling with the implementation aspect?header_crm_ondemand

    Every business or project needs a strategic plan & that plan needs implementation.  When you have a plan you set the needed course for yourself & your business.  But without implementation it’s going nowhere.

    So therefore, your business or projects are stagnate, just stuck there not moving forward , no progress, just nothing, the same old, same old.

    There are a lot of different types of business strategies and when you have the best strategy for your business it becomes the foundation for the course that you need to take to improve on your business or projects. A solid strategy can guide you in the right direction & keep you on the path to progress or success.

    In this ever changing business world, there is a high need to stay competitive,  create longevity & develop innovative business strategies.

    Well, What Is A Business Strategy?

    Strategy is a lot of things rolled into one such as the art, science and craft of formulating, implementing and evaluating cross-functional decisions that will enable an organization to achieve its long-term objectives.

    The process of specifying the organization’s mission, vision and objectives, developing policies and plans, often in terms of projects and programs, which are designed to achieve these objectives, and then allocating resources to implement the policies and plans, projects and programs.

    The whole concept of strategy was borrowed from the military and adapted for business use, such as bridging the gap between policy and tactics. When you have that; your strategy & tactics bridge the gap between the ends and the means.

    Effective strategic management enables a company to move quickly in response to new challenges & outmoded ideas. You have got to be innovative & creative with your business strategy, in order to have a competitive advantage.  Along with that you have to have more than a strategy, you HAVE TO HAVE IMPLEMENTATION. Meaning that your strategy must have direction & a destination.

    Businesses that have already taken hold on innovative strategies can buckle down, leap ahead and create multi-year growth gaps over the competition. You can use current conditions to accelerate your efforts to truly change at the pace of the market without losing control. Use the present economic climate to look at business activities that have passed their sell-by date and dispassionately discontinue them.

    By being optimistic, innovative & strategic you can see a silver lining amid today’s economic conditions & benefit from making strategic moves that build on your unique advantages. In the field of business administration it is useful to talk about “strategic alignment” between the organization and its environment or “strategic consistency”.

    Strategic management is the highest level of managerial activity. According to Arieu (2007), “there is strategic consistency when the actions of an organization are consistent with the expectations of management, and these in turn are with the market and the context.”

    Strategy is execution. If our strategy & execution are both flawed, the effort is “doomed from the beginning.” The chances of success are zero, slim to none. If the strategy is sound but its execution is flawed, then it’s known as a “botched job.”  Then it’s back to the drawing board.

    In one instance, you can be doing something very well that you shouldn’t be doing at all, that is to say having a FLAWED strategy but a FLAWLESS execution. That’s flirting with disaster. For example, an organization with little in the way of competition and believing its products to be seriously under-priced in relation to their value, might elect to raise prices as a way of testing price sensitivity. Only to discover that very strong price sensitivity was there all along. The result is a sudden & unexpected loss in volume & revenue.

    It’s only when you have a sound strategy AND execution, you have a better chance of success.

    ~~~~~~~~

    Clerical Business Solutions~http://www.clericalsolutionsinc.net

     
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