Tips on how to plan for your business?

What should you plan for your business?

What are the planning processes you need?

And how do you make sure you can stay on track and achieve those plans.

In reality we do lots of planning everyday don’t we?

Most of the time we plan things out in our head, so it’s only us who really knows what’s going on right?

So, Our suggestions is from now on, transfer all of your planning from your mind onto paper?

By doing so you will have a real feeling of commitment and you will be more likely to stick with those plans.

But real success comes not just from undertaking a written planning process.

Anyone can plan… The key is how you to stick to the plan.

Planning provides you with blue print that will help you keep your business moving forward so you can meet all your goals and achieve your dreams.

One of the first steps in the planning process is to define what is your business about…

Why do you want to start your own business?. Who do you want to be?

To answers these questions, whether you’re a new start up, or an existing business, it’s definitely worth exploring or revisiting your vision, mission and values.

So let us explore them together now:

What is Vision?

Your vision must be something beyond your reach, It’s not that it’s impossible to achieve, but it must be more than you know you can do today.

What is Mission Statement?

A mission statement is your HOW.

This requires 4 key areas:

  1. Who are you…?
  2. What business are you in…?
  3. What are your customers…?
  4. What make you unique…?

You also need some rules too… VALUES…

The Point of CULTURE in your business. This too requires 4 key areas:

  • Values that are vital to you as owner
  • Values critical to your business success
  • Values core to your customers
  • Values important to your team

Knowing your vision, mission, and values may take some time to get right.

And it’s okay it you have to take several attempts.

We’d advise you to check in with your plans regularly, ideally once a year, so you can refine them as your business changes and grows.

 

 

 

Vinh Van Lam
the authorVinh Van Lam
Vinh Van Lam, co-founder of ArtSHINE, is a visionary art coach and entrepreneur with a passion for fostering creativity. With a diverse background in art and business, he brings a unique perspective to empower emerging artists, enabling them to thrive in the dynamic art industry through the innovative platform of ArtSHINE.

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