How to create a small business strategic plan

Building a strategic plan will help you get a better control over the future of your small business. A strategic plan is taking a step back, look around at what’s going on in your business (and externally) so you can focus on a few key parts of your business. Brad Farris breaks strategic planning down into 3 easy steps to help you build one for your company:

  1. Look Outside. Looking at a high-level, what economic, technological and customer-based factors affect your business?
  2. Look Inside. See what internal factors affect your business by conducting a SWOT analysis
  3. Set Priorities. Based on #1 and #2, what are 3-5 things that you need to focus on this year?

 

Looking for more help with your strategic plan? Use our 5-Step Strategic Planning Guide for Small Business.

 

Comments

  1. VirtualOffices says:

    The best way to boost your business is through customer satisfaction. With today’s increasinglycompetitive marketplace, it is imperative that a business sets a new high for the overall customer experience to make a name for itself and outdo its competitors. Great Video

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