Rethinking planning practices for better outcomes

Rethinking planning leads to better outcomes.

It is always urgent for you to be rethinking planning practices.

Rethinking planning practices is hard for most people at any time, never mind changing the way you do it. Everything you planned seems to have been turned on its head with the COVID-19 pandemic, from the way we do business to the way we manage our supply chains and service our customers.

Investment has become complicated, with limited resources and cash flow. While some companies are dealing with an unexpected wave of demand, most have been crippled by the magnitude of sales slumps, never experienced before.

Adjust your Business Model as there is a good chance it will no longer deliver the outcomes you want. The competition will have found, or be finding new ways to adjust theirs and take up the most appropriate employees and suppliers.

You will need to analyse every aspect of your business.

The systems, tools and processes you use along with how you communicate with all stakeholders. You must become more action-orientated by being confident in your new objectives, strategies and actions are thoroughly thought through and integrated with the new reality.

Rethinking your planning practices should include all functions of the business.

One primary concern, though, is the shortage of the analytical and managerial skills necessary to make the most of what you have available to you. It is a significant and pressing challenge, and one everyone needs to address urgently.

You have a critical decision to make. Do you want to invest in your business and marketing efforts to stimulate demand? Or do you want to conserve your resources until the environment is more favourable?

I think there’s no question we’re going to see cuts in advertising because right now there’s not a lot of money to spend. However, the bigger problem is, even if you had a lot of money to spend on advertising, customers are not feeling inspired to spend on non-essentials.

Perhaps it will be better for you to be thinking and planning what your marketplace will look like when the crisis has passed. Maybe it’s a time to reflect on the suitability of your business to take you to the new future.

During this extraordinary time, there will be functions critical to the company which you will have to ‘micromanage’ because, without your specific knowledge, there might not be a business to lead.

For most, there is going to be a turning point.

Because it’s another chance to live tomorrow over again. At the same time, there are going to be some functions which you must trust your team to execute on their own.

The future has a way of showing up, whether we ask for it or not, so it pays to be ready for it. Today is a chance to reset, to decide what’s essential and what’s worth working for in the future. It’s can all rest on what you do first each morning. Your routine.

If you’re feeling stuck knowing how to respond to your immediate challenges or move forward, chances are you’re not listening to your intuition, or negative people surround you.

The following will help you in rethinking planning practices.

There is no better time to rethink and transform the way customers, prospective buyers and employees perceive your organisation.

  • Make time to work on your Business Planning practices.
  • Use a planning tool
  • Understand customer’s problems, frustrations wants and needs first.
  • Focus on what works well all day every day.
  • Do a reality check with a Business Health Check.
  • Seek advice, don’t always rely on your own understanding.
  • Gather old documents to understand previous practices.
  • Establish KPIs and set up metrics and dashboards
  • Focus on your strengths, outsource the rest.
  • Don’t make decisions without reference to your plan.

If your struggling in rethinking your planning practices, contact us for a copy of out tool, “Planning helps remove the struggles”, https://faqsupport.com.au/support/

Key Message: Have the courage to conquer your fear of failure by rising to the challenge. Never give up on what is important to you and your family.

Quotable Quotes.

“Treat your business plan as a roadmap to help navigate where you hope to take your business with the outcomes you want”. Peter Sergeant. 

“To improve you must accept all challenges, not just the ones you like”. Peter Sergeant

Leave a Comment

You must be logged in to post a comment.