Failure to Plan is Planning to Fail

Always know that failure to plan is planning to fail. In Australia, only 45% of businesses make it to the 5-year mark. There have been numerous studies about what makes the difference between success and failure. One of the common indicators of success is taking the time out to plan.  

I get it, as a small business owner there are so many things to do and balls to juggle. But, if you want to run a sustainable business, planning is key. AND it doesn’t have to be hard. Start with the dream and then we can break it down.  

Strategic Planning 

Big Picture thinking helps us achieve our long-term goals and take our business to the next level. We need to be able to see the possible in the impossible and understand the market of our product and service to be able to capitalise on the changing environment to make the most of our potential. Our strategic plans (often 3 to 5 years) are whole of business. 

Impact HR runs strategic planning processes for some of our clients. We start with a lot of research into your industry, your product, your competitors, your client feedback, what futurists are envisioning and more. We often work with you and / or your leadership team to complete a SWOT analysis and build a comprehensive plan for achieving your desired future.  

Although not a hard and fast rule, most strategic plans have between 2 and 5 areas of focus. 

One of the huge advantages of having a robust Strategic Plan is that in a world with so many shiny things it helps us not to get distracted. Clients say regularly that they look at all of the “nice to haves” against the plan and it is easier to stay focused and stay successful as a result.  

If you would like support to review or create for the first time a strategic plan for your business, please reach out to Impact HR on 1300474672, info@impacthr.com.au or by clicking the button below for an obligation-free chat.