Strategic Planning is Essential for Your Business Growth
This workshop is for a successfully launched and established small business owner, and discusses what things to keep an eye on and what indicators (KPI) to measure, related to the business. By doing so, the business owner has the assurance that business is being run properly, as would be reflected in the company financials, and in the employee satisfaction surveys, and position the company to take strategic steps towards growth.
Workshop Description:
1. Organization Structure and organization inventory assessments and measurements
2. Organization biggest asset – employees: how to hire, train, develop, and assess; RACI framework for employee tasks; Motivate employees to “high skill and high engagement” performance quadrant
3. Process mapping for repeatability of performance output and to be able to calculate “cost of goods” and “cost of sales”
4. Critical Organization finance: COGS/COS; Pricing and Revenue; P&L or Income Statement; Balance Sheet; payables & receivables; working capital & surplus capital
5. Operational Planning: Supplier/Customer; Capacity; throughput; inventory
6. Sales and Marketing: New Business Development
7. Strategic Thinking: Growth Planning; SWOT; Change Management; Eisenhower Box
Workshop Synopsis: (learning objectives and/or learning outcomes)
The takeaways from this workshop are multifaceted:
- How to think with methods and numbers, as a small business owner
- How to maintain the right organizational structure for the business
- Are the right people hired, trained, developed and retained to have a strong organization?
- Understanding Organization Financials to effectively increase profits and reduce liabilities
- Highlights of Operational planning to manage thruput, capacity, inventory, and suppliers & buyers
- Generating growth in business through marketing and sales
- Strategic planning for growth at the right time with good implementation steps