Strategic Planning
Navigate Your Business
In today's competitive business environment, it is critical for a company to know where it is headed. With a clear vision of what is important and a strategic plan to achieve it, your business is armed with a road map for success.
A Strategic Business Plan is much more than a tool to obtain financing. Preparing a strategic plan helps you clarify your company's direction, ensures your key leaders are all "on the same page", and keeps both management and staff focused on the tasks at hand.
A Strategic Plan is often needed when...
-
Starting a new venture, product, or service
-
Expanding a current organization, product or service
-
Buying a new business, product, or service
-
Turning around a declining business
The Strategic Plan provides a blueprint, describing your company, its products, the competitive environment, management team, financial health, and business risks.
Strategic Plan Benefits
How SPBs Help Your Business
As is a written description of your business's future, a Strategic Business Plan tells what you plan to do and how you plan to do it.
If you jot down a paragraph on the back of an envelope describing your business strategy, you've written a plan, or at least the germ of a plan.
GWI will assist you in planning how you will get from here to there. We will:
-
Identify and describe the target customer profile, features, advantages and benefits of your new venture, product or service.
-
Justify that your plans are credible by fully researching the need being filled with your new venture.
-
Develop marketing plans including full descriptions of targeted promotional campaigns with implementation timelines.
-
Examine market conditions, the nature of your customers, as well as your competitors, sales potential, and projected results of your promotional campaigns.
-
Develop staffing plans including identifying the key players, skills, attitudes, and expertise needed to build the venture.
-
Develop management plans including full descriptions of management systems and timelines for implementation.
-
Develop financial plans including projected startup costs, operating costs, revenue, profits, and break-even analysis for the first 3 to 5 years.
-
Identify building and equipment needs including vendors and cost estimates.
-
Formulate company milestones including timelines for upcoming products and services in development
The Process
Execute
The perspective gained through your Strategic Business Plan can make a significant contribution to your company's success, and help you get the funding you require.
In fact, most lending institutions and private investors will not even talk to you without a solid financial plan.
Contact us today to begin your business' strategy for success.