The One Thing ... The Rest Of The Story
This is the fourth in a series of articles on The One Thing, which we revealed to be your unique Business Operating System.
Until you put your unique business operating system in place, your business will control your life. To understand what this means, it helps to fully examine all of the benefits of a good Biz OS. Once you learn the powerful impact it can have on your business, you’ll be asking yourself why you haven’t already completed your own unique business operating system.
One of the most important benefits of your Biz OS is that it enables your business to work without you. It provides clear instructions for carrying out the business of the organization in a way that lives up to your standards. In turn, these instructions can then be used as the basis for effective delegation of tasks that are simply not the highest and best use of your time. This works even when you are outsourcing instead of adding employees. Furthermore, a properly implemented Biz OS will provide accurate and timely performance feedback on critical business metrics so that you are confident that processes are flawlessly carried out.
Turnkey Scalable Process Improvement Process Cross Training Business Operating System
The One Thing...
I love the scene in the film City Slickers where Mitch, played by Billy Crystal, is sitting around the campfire with Curly, played by Jack Palance. Curly shares some wisdom with Mitch.
Curly: Do you know what the secret of life is?
[holds up one finger] This.
Mitch: Your finger?
Curly: One thing. Just one thing. You stick to that and the rest don't mean s***.
Mitch: But, what is the "one thing?"
Curly: That's what you have to find out.
What if there is One Thing in business that is so powerful that it outshines all the other THINGS you’ve been taught? Well, there is such a thing. It isn’t a silver bullet and it requires real focus and persistence to get it right but the payoff is huge.
Value Creation Sustainability Scalability Process Leadership
Strategic Planning--What's the Deal?
An awful lot of people believe that strategic planning is something that is undertaken only by large organizations. Are you one of them?
Would you be surprised to learn that the majority of small-to-medium business leaders spend more time planning their vacations than they do planning the future of their companies? They sure know which route they’ll follow on their next trip to the lake or their detailed itineraries for that trip to Europe. They have a clear destination and they know how they’re going to get there.
That’s really the essence of strategic planning: knowing where you’re going and how you’re going to get there. It is often said that the best way to ensure that the future you desire becomes reality is through strategic planning. Sounds pretty important, so what’s the deal?
Well, in more technical terms, strategic planning is the process of envisioning the future to which you aspire, and the growth you will have to realize to achieve that future state. To identify all the components of growth, it is helpful to analyze strengths and weaknesses. In companies, this means gaining a good understanding of the strengths and weaknesses of the business, products, and services, as well as the strengths and weaknesses of your competitors.
Some of this will necessarily be based upon key assumptions. Key assumptions are those factors that you believe will happen or continue to happen based upon information available to you.
Good strategic planning is a pro-active, holistic approach to building your business which allows you to create your future, not simply react to current business trends.
An effective strategic planning process causes you to define the future you want to create for yourself and your business. You will discover your purpose, establish your values, set clear goals and specific time frames, and crystallize the action steps that will help your vision become reality. This is where the rubber meets the road.
To keep a plan from being a dust collector, the action steps need to be clearly defined with specific responsibilities, time frames and measurements in detail for at least the first six months. This is crucial along with regular check-ups on progress being made.
Many business owners and professionals today get so tied up in the "business of doing business" that they never really take the time to plan their future, much less monitor progress. You’ve heard the excuses before. “I don’t have time. We’re too busy. Planning doesn’t work in this industry.” The fact of the matter is that unless you make time to plan, you're already wasting a great deal of time and money.
Plan now or pay later!
Vision Strategic Planning Results Process Planning