Not all of us like to cook but we all know that recipes have measurements and directions for a reason! Check out our 3 Steps to Annual Business Planning.
We absolutely positively must successfully close the current, get our strategic initiatives/continuous improvement projects done well, and design a rock-solid game plan (be it individual, departmental, or company) so we can enroll the support we need to have a successful new year.
It takes time to create and refine an effective annual business plan, so let’s start now.
3 Steps to Annual Business Planning
Step 1: November: Focus: Annual Review (everyone)
- Do an annual company survey to get everyone’s input so we can enroll all stakeholders and show respect.
- Review/analyze your budget/preliminary new year budget.
- Complete all key current year continuous improvement initiatives/projects.
Step 2: December: Focus: New Year’s Game Plan
- With key inside and outside manager/leaders create a game plan for next year.
- Managers do their departmental plans and possibly complete annual individual reviews.
- Make sure budget and support needs (including key continuous improvement initiatives) are outlined to support A & B.
Step 3: January: Focus: Roll Out of Game Plan
- By January 15th effectively roll out key new year goals. Ideally this will include your long-term vision, mission and key values that will give a code of conduct. As a group, outline the support you truly need.
- Review the roles and mission of each position and put them into the game plan.
- Have key continuous improvement initiatives started as a habit for the new year (critical to make it a habit vs. doing only when problems occur).
Suggested Leadership Articles
- We As Leaders Must
- Is Your Company Ready to Win?
- The Game
Written by John Ruh
John M. Ruh and Associates are mission based business advisors who partner with growth oriented leaders to create the right P.S.T. support: the right People, the right Structure and the right Tools.