Why Business Planning is "The Secret" To Business SuccessJun 22, 2022
Do you set aside time regularly to plan what you want to do in your business? If it's not something you currently do, I strongly encourage you to embrace it for the remainder of this year. Setting aside time to plan out what I want to do and, more importantly, what growth I want to achieve in the coming year has been crucial to my personal success. I want to share with you some of what I've learned and found helpful.
Let's start by looking at why business planning is "the secret" to business success. There are a few different factors that come into play here. The first is efficiency. When you go in with a clear plan, you can focus on what's most important. Instead of wasting time trying to figure out what you should be working on, what pieces of the puzzle are missing from your business, or what you need to do to break through to the next income level, planning helps you understand what needs to come next.
As we'll explore in a future blog post, with a clear goal in mind and a plan for your business, it becomes easy to work backward to create effective and efficient daily to-do lists. You will reach your goals by working on what needs to be achieved daily.
Next is setting a big goal for your business; this helps you think outside the box. If you don't believe me, try it! Decide on a big income goal for the coming month, then write it down. Be sure to keep it in front of you. Then get to work and start to notice what happens next. You will begin to think of things that didn't occur to you before. You will come up with creative ways to get your business more visible. You may decide to run a fun promo that adds dollars to your bank account quickly. The same happens when an important deadline comes up unexpectedly. Think back on that time in college when it was time for finals or that time your in-laws told you they would stop by later in the day. You got very creative about studying and cleaning, respectively 😂!
Last but not least, let's talk about the subconscious. So far, we've focused on what we are actively doing to make progress by making a plan, setting goals, and following through on what you need to accomplish. There's another dimension to all this, and that's what's going on in our subconscious minds. While we are busy plowing through our to-do lists, cooking dinner for the family, and even sleeping, our subconscious mind is also working towards those goals. How amazing is that?!?
In short, planning and setting goals are essential because it helps you grow faster. That means you end up with more money for yourself and your loved ones while spending less time working away at your desk instead of accomplishing very little without a plan. It's important to remember that business planning is not a one-time activity but a process that should be ongoing in your business. This way, you'll always be prepared for your next move and have the best chance at achieving your goals.