Insights and Updates

SME’s, Privately owned businesses and nonprofits face unprecedented challenges during these times. It is becoming increasingly more difficult to find and keep the right staff, motivating the people you have without raising salaries and bonuses. Expenses keep rising, and there is more pressure to compete. Identifying and satisfying existing customers or donors is a constant challenge. For-profit and non-profit organizations need to have the right information, solutions to issues, internal consensus, and “tolls†to succeed.

It’s more important than ever to have a strategic plan to guide your firm or non-profit. Many owners and non-profit boards avoid strategic planning because they feel it is expensive, time-consuming, and they do not like change. Strategic plans often require a coach or a facilitator, which can be expensive. After hours of gathering facts and figures, market data, sales figure, and writing the plan. Often a small book is created, which is written by a single individual, and the whole document is not even shared with the full board or management team. The planning notebook is put onto a shelf to be dusted off, and updated next year. 

The advantages of a good strategic plan are: 

1. Having a plan to guide your entity through these times.

2. Gaining a better handle on your expenses. Holding or even reducing your costs and expenses.

3. Cutting unnecessary costs and waste 

4. Increases your revenue flow and margins.

5. Identifying new opportunities, and revenues  

6. Identify the root causes of issues that are adversely affecting your operations

7. Understanding your issues