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As a new business owner, have you heard of a strategic business plan? Most business owners have heard of strategic plans, but have they ever prepared one? This article will teach the new business owner how to prepare a strategic plan in an easy and non-threatening manner using an 8-step method.
If you’re like most beginning business owners you have an idea of what you want to accomplish in your business but it’s not written down. A document that captures your thoughts, vision and objectives on how you want to make money will give you, your current employees, and future employees direction when making business decisions. This type of document is called a strategic plan.
Strategic Plan versus an Action Plan. A strategic plan is usually a short document that talks about your current business, your future business, and 4-7 key strategy statements. These statements are the 4-7 items that you feel are critical to your business success. You are communicating to your employees and reminding yourself that these items are the focus of your Company. An important point to make is that a strategic plan does not go into “how” you plan to accomplish these 4-7 key strategies. A separate document, called an Action Plan, contains the information on “how” you will accomplish what is in your strategic plan. This article explains only the development of a strategic plan.
Team building has become one of the newest buzz words in the corporate lexicon. In fact, for at least the last decade surveys of business leaders in every industry have shown that the prime characteristic they look for in new hires is the ability to work with a team. And why not? Research has shown that when people work in teams, they can accomplish far more than a group of individuals working together. But not all team building activities are created equal. Over the last few years, some industry experts have leveled criticism at the ‘quick-fix’ attitude that has been adopted by many companies who attempt to create or sponsor their own team building activities.
In order to be effective, say experts in corporate teams, a team building event must:
- Be integrated with real work goals.
o It’s not enough to plan a fun day of activities for your team. The team building event that you plan should help focus the members of the team on what’s not working and what needs to happen for the team to work together.
Many small businesses experience change. Change leadership is the art of helping your team through the change management cycle. Each person shows different emotions and behaviour during change. It’s perfectly normal to experience a real mix of emotions. Not everyone feels all of these feelings intensely and people don’t go through them by numbers.
THE STAGES OF CHANGE
Change transition can be divided into a series of stages.
o Initial equilibrium stage
o Separation stage
o Crisis Stage
o Rebirth Stage
o New Equilibrium stage
Initial equilibrium stage -
This is the starting point. It’s a period of relative stability; everyone knows what’s expected and has a clear picture of the future of the organisation and themselves.
There are a number of small business firms suffering from a number of financial problems where they find it quite difficult to impress their clients at the time when they are going for a new business deal. There are also some firms that are just functioning for name sake and that they don’t have any space for them as their own. In such a case, it is quite difficult to ask for the space from the clients or customers who came to meet and speak about some business deals. In this case, there must be a neutral space arranged that can able to provide a better place for clients and customers to sit and discuss freely about the business deals. For this purpose, business lounge Toronto is available where there are a number of features present that makes them to be the best place for the small firms to arrange for a meeting with clients and to explain well about various things that are present in the deal. With the help of these lounges that are dedicated for business, there are a number of benefits can be obtained than compared to going for other related set up.
Getting best out of the lounges
When a person think that the space of a lounge is just like that of a coffee shop where there are many people coming over there and speaking some stories, this place is not like that as there are a number of things present in this aspect that makes it one of the most suitable kind of thing for speaking about business. Since it is quite easy to get business lounge Toronto for any duration with the help of a simple registration process, there is no need to fear that others may come and occupy the lounge along with them and speaking some other things over there. Since it is quite easy to book for one space in the lounges, there is no need to go for a dedicated hall or business place for this purpose; just it is enough to go with the business lounge Toronto for all business dealings.