Future vision
Establish long-term targets that align with the business’s vision.
Putting your vision into action
The focus for this lesson is to detail how you can use your future vision to create a growth strategy for your business.
What can you do with this amazing future vision that you have created?
How will we ensure that it actually happens?
What needs to happen to make this future vision a reality?
The answer is to establish a growth strategy.
A growth strategy or strategic plan is a detailed business plan that establishes the future goals, targets, and describes the strategies and tactics that will be implemented to reach them.
It gives you absolute focus, direction, and action to help the business grow from the point that it is currently at to a greater market position.
Having a strategic plan is key for success in business. By planning for the future, and where the business wants to be in the future, a business can achieve it compared to if it simply goes with the flow without direction. Creating a strategy is definitely easier said than done – after all there are business professionals in the world whose main job function is to create, monitor and improve business strategies. Though, given the right approach, it can be transformative to set your business on the right track.
Strategic planning requires time, effort, and continual revision.
We are going to take you through some simple steps of how you can start to do this for your own company. It takes commitment and accountability to really make a strategic plan come into fruition, although we cover that thoroughly in the final, Accountability Pillar of this course.
Surrender to setting some time aside to delve into learning about our lessons on strategic planning, and then we encourage you to take the plunge and use our strategy templates to start creating a real living-working-breathing strategy that you can work from and develop as you go.