As we head into the 4th Quarter, many of you have, hopefully, already made plans for this final quarter as well as FY18. What plan do you have in place? Everything changes so quickly for small businesses. I use the analogy of small businesses being like speed boats in that they can change direction very quickly. So, let's talk about strategic planning.
At Freedom Makers, I designed my business plan into phases. And each phase is marked with milestones. Once the milestones have been hit, it's safe to move on to the next phase. My strategic plan includes 8 phases. Phase 1 was completed quickly and within the first quarter. We are still working on Phase 2 and should hit key milestones by the end of the year or the beginning of next year.
Other methods for strategic planning include the 12 Week Year or hiring a business coach. Whatever system you choose, make sure it's the right fit for your business and your overall vision.