How to Build a Strategic Plan and Engage Employees for Business Success

Saturday, February 29th, 2020

Building success requires both a plan and engaged participants — like your employees and staff. Crafting a success plan begins with a few fundamentals in business that foster success and encourage unity among those under your leadership.

Make Prudent Investments

Consider your time and energy to be your most valuable commodity; don’t invest your time just anyplace. Look for important and meaningful outlets toward your business goals that are worth your efforts. Prioritization is key in making prudent investments of your own time at work.

Become a Delegator

Learn to delegate effectively and, as a leader, hand-off tasks that are high effort and low benefit to the team’s goals, overall. While you may not be able to skip these tasks altogether, don’t waste your time on them. Give these projects to team members that are industrious and looking for additional challenges during the workday. Delegating also sends the message to the team that you trust them and need them, which can improve morale and overall success, subsequently.

Start the Day with a Plan

Make a tactile plan each-and-every day. Start the day by reviewing the list, that you have started the day before. Break larger jobs down into manageable tasks and give yourself some of these chores daily to work toward getting the larger project accomplished. Be realistic though about time restrictions and your busy schedule.

Foster Focus

If you want to make progress toward your priorities and goals, eliminate the din and distractions that can waste valuable time throughout the day. Give yourself uninterrupted time to work on these projects and review the team’s progress toward goals by setting a timer and avoiding calls and online detours during the exercise. This can be tough but setting 30-minute time periods can result in a lot of progress toward outlined goals by the end of the week, month, and year. Without the added energy of multi-tasking, you will fly through tasks and activities.

Take Your Time

Always take the time to review and evaluate the progress that you and your team are making toward goals. Never be too busy to reflect and revisit instances that may be vital to meeting certain milestones or markers. Provide positive affirmation and honest feedback to your team so that individuals may find ways to improve performance, while also making their own job easier in many instances.

Give Yourself Room to Improve 

Nobody is perfect and even the best-laid plans can sometimes falter. A good leader understands that there is always room to improve and it pays to continually come up with fresh strategies for success, whether this is new marketing campaigns, inventive incentive programs, or innovative tactics to find talent for the company. Give yourself measurable goals including priorities and accomplishments on a daily calendar or planner.

When it comes to small business accounting, rely on the industry experts at BMH Accounting, with multiple locations in South Florida. The team of qualified accounting professionals at BMH provide monthly accounting, bookkeeping, tax planning, and payroll services for businesses, brands, and entrepreneurs in the area. Call to learn more today.

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How to Develop an Effective Strategic Plan to Reach Your Business Goals

Thursday, December 12th, 2019

Want the key to reaching your business and professional goals? A Business Strategic Plan helps develop and identify an effective strategy for attaining and reaching milestones that lead to the fruition of your goals. Here are some tips on how to create your own plan:

First, what is It?

A business strategic plan is a concrete plan that identifies your business goals as well as the steps for reaching them. Typically, these plans are comprised of five-year goals, but may even extend to 20-year objectives in some instances. These plans are detailed and specific.

Go Big or Go Home.

When you picture your company’s future, what do you see? Think about where you want it to be in the next five years- or longer. Identify these goals before you set about crafting your business strategic plan as you will need to outline the steps to reaching these very distinctive goals and dreams. 

Part of this process also involves identifying your personal goals and what you want your life to look like down the road. Think both short-term and long-term goals for yourself as a business professional. 

Make an Honest Assessment.

Be honest and asses how your company is doing right now. Compile your business plan, mission statement, and any vision boards or objectives together with data like your financial statements; put it together in a folder or file for easy access and safekeeping.

Put it in Writing

The best business strategies are tangible and written down. Make a list of your goals in writing and keep them close by. Outline- and write down- the steps that you will need to make to reach them, and number these steps. 

Be as detailed as possible and add details to different goals or objectives as they become clearer or closer. Cover all aspects and areas involved in making your goals happen, from soup to nuts.

Make It Measurable

You will need to measure your progress so make sure to be specific in goal setting with a way of measuring your success. Some indicators that measure your objectives may be increased exposure on social media, more followers, more ‘likes’, and increased online sales, for instance. 

Stay on Top of It

Measure and review your progress consistently, every three months to start. This allows you to quickly change or adjust your approach as needed based on the results. Keep up with industry trends and the market you’re involved with to keep your business plan fresh and relevant.

Ready to develop your own business strategic plan to reach your goals? Talk to the tax and accounting professionals at BMH Taxes; they are prepared to discuss the best ways for reaching your goals while maintaining a healthy and prosperous business. Call to consult with an expert today.

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