What Exactly is Business Planning?
Coaching Basics
What you get from a business coach is regular, objective input into your business with the aim of helping you to take your business where you’d like to it go.
Together, we create a plan to achieve your goals.
We then work together to implement the plan to ensure that your business is able to achieve profitable growth.
Do You Need Business planning?
If you are committed to the long term growth, profitability and success of your business, then it makes sense to stop wasting time and money trying to figure it out on your own.
So, in short: YES, you need business planning!
Through regular meetings (weekly, fortnightly or monthly) you’ll get help and support, advice specific to your business, and you’ll be held to account for achieving your objectives.
Have an Active Vision, Strategy, & Roadmap to Reach Your Goals
Here’s how the process works:
Schedule a free, no obligation meeting so that I can understand your current challenges and business goals.
Be prepared to answer a lot of questions. I need to know as much about you and your business as possible.
And throughout the business coaching process I’m here to:
- Challenge and stretch you
- Encourage and support you, at any time
- Provide knowledge and input
- Help you grow your business
Business planning is like crafting a detailed map for your business adventure.
It’s not just about jotting down random thoughts; it’s a methodical process that lays out the direction for your business, akin to planning a surfing or paddleboarding trip.
Just as you’d plan the best spots for waves, necessary equipment, and the route to get there, a business plan helps you anticipate obstacles, set clear objectives, and map out the steps to achieve them.
Business planning is your playbook, your strategic guide to make informed decisions, manage resources efficiently, and adapt to changes in the market. It helps you define your target audience, understand your competitors, and plan for the highs and lows of running a business.
Having a solid plan in place ensures that you’re not just drifting aimlessly; you’re steering your business towards success, equipped with a clear vision and a roadmap to reach your goals.
And with a trusted coach by your side, you’re not navigating this journey alone; you have a reliable companion providing insights and support throughout the exciting entrepreneurial ride.
Now, onto business coaches – they’re a bit like seasoned surf instructors. They’ve spent time in the water, riding waves, understanding the ebb and flow.
A business coach acts as a mentor, guiding you through the business planning journey. They bring their wealth of experience, helping you fine-tune your vision, challenging your ideas, and aiding in the creation of a robust plan.
Think of them as the GPS for your business voyage, providing directions, insider knowledge, and strategies to navigate the entrepreneurial waters more effectively.
With a business coach on board, you’re not just planning blindly; you’re leveraging their expertise to increase your chances of success in the vast ocean of business.
What Clients Say:
I had been in Business for more than 20 year’s and wanted to sell my business.
I did not know how to do this and engaged Malcolm to show me a plan to selling my business.
He provided me with a clear plan and actions – real life things to do to and put in place ways that held me and my staff accountable for making the changes we needed to make.
The process took about 18 months – and we were able to sell the business for a sum I was very happy with.
At the time I met with Malcolm, my business was struggling, we were barely able to meet our monthly commitments.
I was tired and run down and working long hours. I was asking myself – ”why am I doing this? ”
With Malcolm’s support we made some urgent changes, returning the business to profitability and easing the Cashflow constraints.
After this initial work we have now put a plan in place to grow the business.
Once we have achieved some targets we will begin to prepare the business for sale – I now feel much happier and I can see a way forward.
We had big issues with staff – poor performance, high turnover and poor morale.
Working with Malcolm we ‘went back to basics’ – we looked at who was doing what, we agreed clear performance outcomes with staff, decided on how to measure these and we dealt with those who did not share our vision.
We also looked at our recruitment and on-boarding processes and we think we will do better in this area going forward.
All in all – it was hard, but well worthwhile.
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