For me the biggest issue was creating the time to work through building both a business plan and strategy. I ended up blocking out a few hours of time on my calendar every-other day for a week for these processes. I started by making a list of where I wanted to go. I revisited that a few days later, refined it, then started on how i was going to get there. Again, a re-visit a few days later allowed me to fine-tune the process. I also re-visit my plan and strategies every three months to adjust, refine, and add to them. This has really worked well for me.
@OfficeGoddess. Love the handle.
Lily, you make some good points. I like the focus you took on this project and the starting point: "where I wanted to go". This is a great point to start - the end in mind. And adjustment and refinement is great. I have found that there is often a "learning and adapting" circle built into strategy work.
Hi. Well, just checking to see if the headline is an attention grabber.
I started a discussion here a few days ago about Business Plans and Strategy.
But, I wanted to get some thoughts on just the topic of "strategy". Really looking at the challenges of building a strategy for a business. Of determining where to take a business, how to grow, how to prioritize the activities/time/investments for a business that's already alive but needs a direction.
When you sit down to outline your business strategy, what frustrates you? What makes it difficult to start? If it feels difficult, why? What system/process/consulting have you tried that didn't work?
Just looking to see if this part of business management is as challenging for you as I have experienced and seen others struggle with.