We see many business owners, who work tirelessly in their businesses and are excellent at what they do, neglect their strategy and execution plans. It’s the old adage: I’m too busy working in my business to work on it.
The team at Rowdens is here to support you when unexpected hiccups occur. We can do so more effectively if we help you get ahead of the risks and opportunities in your business.
Your time spent working does not automatically make you more effective
There’s a misconception that being busy is automatically being effective.
Hours spent can be highly productive but are you being productive on the right things i.e. not fighting avoidable fires, dealing with HR issues or performing avoidable rework?
Planning helps us extinguish fires before they cause damage and capitalise on the opportunities that we can only see when we look up. In other words, sharpening the axe before cutting the tree will make for a much easier task. Cutting the right tree helps too!
Time spent refining your business strategy and planning its execution will pay back massively when those plans are executed operationally in your business. Regular planning helps keep your business calibrated.
How much time should I spend finetuning my business strategy?
We believe best practice for business starts with us providing a 60-minute complimentary meeting.
We can then support you by creating an annual Business Plan plus annual forecasting – two critical services to help achieve effective and realistic goals.
Lastly, we recommend ongoing check-ins with us (at least quarterly) to report back and ensure accountability. Meet those 90-day goals, recalibrate and set new ones. These recurring services are highly effective for business success.
This commitment is roughly a total of 20 hours per year (including travel, if any) or just 1% of your working time, assuming the average business owner works 2,000 hours a year in their business.
How do I find the business planning time?
Planning supports efficiency. Efficiency might come in the form of less rework, less ‘paperwork’, less friction in your team, or simply more focus and higher productivity.
Putting the time in upfront for planning and strategy will give you time back and improve your bottom line in the future. It’s also about helping you define what you want from your business in general.
It’s not easy work. It’s challenging and enlightening, passion-igniting, and rewarding (for both us and our clients). We’re committed to supporting our clients to make their businesses more sustainable and scalable.