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We’ve all been learning fast this year as we’ve had to adapt to rapidly changing circumstances and growing uncertainty. As we approach the end of 2020, we’ll need to bring those learnings into sharp focus as we either renew or adapt our business plans to take account of the changes we’ve collectively experienced this year.

Take supply chain management. Many of our business owners have started to experience disruption in this area so our planning for 2021 needs to address the risks and issues around our supply chain, what that might mean for the business and what we need to adapt in our planning process in order to meet the challenge.

If this feels too hard, or trying to look ahead seems overwhelming, don’t be deterred.

Take a breath, follow the process step by step, asking the following questions:

  • Where do I want my business to be by the end of next year? Think about things like;
    • business structure,
    • revenue,
    • profit,
    • cash,
    • staff,
    • customer experience,
    • my role
  • What do I need to get right to make this happen? In other words, what are my top three Critical Success Factors?
  • What are my key objectives (no more than seven) for the year?
  • How will I know I am achieving this?
  • Who will hold me accountable for meeting my goals?

If you are struggling with any of these questions, talk to us. We’ll bring you together with a board of other business owners who want to help you to get this right and achieve your goals.

Business Mentor and Business Coach

Scott Morris is the owner of The Alternative Board Auckland East.  You can contact Scott 0n 021 686 696, [email protected], or connect with him on LinkedIn.

The Alternative Board - Owners Auckland East What does your business plan look like now?