Why a Business Plan is Not Enough for Success

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Business plans are good; business actions are better. 

I don’t know any business owner who puts effort into preparing a business plan without the intention of putting it into action. 

But I know business owners who put effort into preparing a business plan without putting it into action.

How does this happen? There are several possible explanations.

  • The business plan is a manageable target. The business owner feels comfortable the goal is easily achievable and the business’s current trajectory will get it there – Easy Plan.
  • The business plan is unrealistic. The business owner is overwhelmed by the targets and not invested in the vision – Unrealistic Plan.
  • The business plan doesn’t provide an implementation plan to prioritise actions to achieve the targeted outcomes – Plan without Effort.

These three scenarios negatively impact the motivation required to make a plan successful.

So what should you do about it?

Make sure your business plan considers the following questions:

  1. Where do you want your business to be in 5 years?
  2. What are your business’s top 3 challenges right now?
  3. What work needs to be done to achieve #1 and address #2?

The best plans are implemented. If you’ve got a plan without actions, it’s time to replan.

I coach left-handed business owners to come to terms with their independence and grow their businesses. 

To learn more about how to grow your business, click on “Access My Free Video” – I’ll send you a copy of my book.

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