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Strategic business planning checklist

 

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Strategic business planning checklist

Development of a profitable business is an achievable goal but it requires a well-considered strategy. The strategic business planning allows to keep you r business stable, manage risks and prevent failure. Use the checklist for strategic business planning to wisely assign funds and provide stable development.


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1. Develop and explicate the vision of your business

  • Recognize the veritable motivation you have for starting the business
  • Develop a plan and goals of your business for a period of 3-5 years
  • Generate an idea of how your business will prosper more than 5 years ahead

2. Decision-making

  • Be focused on long-term goals, but pay attention to current issues
  • Use proactive approaches and always be ready for changes
  • Involve staff in decision-making process
  • Properly delegate powers and responsibilities
  • Look for sources of business and community inputs
  • Keep records on history to learn from your mistakes
  • Keep responsibility for the tough decisions

 

3. Build up broad and strong partnership

  • Set objectives and advantages of partnership
  • Develop a diverse set of partnership programs
  • Identify potential partners and their involvement
  • Invite only upper management of your company to participate in negotiations with partners
  • Seek partners' advice and guidance
  • Carefully think through the structure and details of meetings with partners
  • Pay attention to partners' national nurture and peculiarities (nationality, confession, etc.)
  • Don't press partners but be persistent and stand up for mutual benefit

4. Provide staff training and professional development

  • Look for proactive ways to re-orient staff to self-development
  • Involve external qualified trainers and mentors to organize training
  • Involve business partners in developing training opportunities
  • Develop complex and flexible training programs according to goals of your business
  • Arrange schedules for continuous staff training
  • Assign financial commitment to professional development
  • Take control over progress in studies of your staff
  • Arrange a reporting system and regularly get reports on study progress
  • Provide promotion and financial rewards to motivate employees to participate in training professional development
  • Comprehensibly explicate advantages of training and professional development to motivate your staff

5. Fundraising and financial resources

  • Determine and evaluate your business needs for resources
  • Put fundraising at a high ...


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