09 Mar 2008 03:50:23 | Gordon Goh
Before you want to build your business, you need to know
why you are in this business.
Many of us entered business as a technician. You know the
technical nature of this business; you do it everyday; over and
over again. The question is: How can you do this technical work
with the highest level of efficiency and
effectiveness so that you'll have a great business?
Some of you entered the business as the manager. You plan, you
quantify, and you implement it with and through others. The
question is: How can you do management work that will get
your team to work for as though they're running their own
business?
Some of you entered the business as an entrepreneur. You have
this wonderful idea. You're an innovator. How do I
get others to see it, to feel it, to breathe it?
Is this familiar to you? It should be, there is an entrepreneur,
manager and technician in all of us. We need all three to have a
successful business.
Building a Business FOR YOU is just about 3 steps:
Step 1: Why You Do What You Do
The starting point for building a business that works begins
with why you do what you do. The challenge facing most business
owners is the understanding of what they want for their life.
It's not the cars, the money, or the house. It is the essence,
the purpose of their life. It's the source of their passion and
their vitality. It gives them clarity and purpose. It is their
guiding light. It is what we call their Ultimate Objective.
Do you know your Ultimate Objective? The business is designed
and built to give you what you want, because it's your life
we're talking about.
Step 2: Your Strategic Vision
A Strategic Vision describes what your business will look like
when it is complete. It will define your products and services
and how those products and services will be delivered.
It will identify your customers and how those customers will be
located, cared for and served. It will quantify your sales and
profit goals. It will describe your culture; employee behavior,
operational philosophy and the unique characteristics that will
allow your company to fulfill your entrepreneurial vision.
It is your vision for the future. Your Strategic Vision should
be so clear and precise that any question you have about the
business can be answered by reading it. The Strategic Vision is
the source of bringing balance to the entrepreneur, the manager
and the technician. The entrepreneur creates the vision in the
Strategic Vision, the manager plans, quantifies and implements
the vision, and the technician does the work of the work.
Understand that your Strategic Vision is one of the most
effective ways to share your dream with employees and identify
how employees will participate in realizing your dream. It is
their guide of how they do it and why they do it. Do your
strategic vision now!
Step 3: Your Business Plan
Now is the time to write your business plan. Your business plan
is a detailed roadmap of how you are going to build your
business that will achieve your Ultimate Objective and your
Strategic Vision.
Your business plan must cover 7 essential things: Executive
Summary, Business Mission and Vision, Business Strategy,
Marketing Plan, Operational Plan, Human Resource Plan and
Financial Projections.
About Author :
Gordon Goh is author of the free, informative website content of
Motivation | Inspiration Tips offering
quality useful tips for Motivation