Our strategic business planning process
Whilst many businesses develop a strategic business plan to grow their business, few actually implement the plan. More importantly, few businesses test the plan before executing to determine the financial impact of their plans.
And how easy is it for everyone in your business to understand and implement the plan? Also, few plans stay on track and often management does not know they are going off track until it is too late.
Planning for business success does not have to be complicated. There are many examples of business plans that sit in the bottom drawer. Brentnalls WA creates actionable strategic business plans that you can stop talking about and start doing.
Profit and Cashflow Growth Model
To achieve your personal goals, we need to understand the dynamics of your business. We do this by developing a Growth Model for your business. The model focusses on both profit and cashflow, which are essential to a healthy business.
This ensures the business can fund future growth plans, make payments to creditors, meet tax obligations, and ultimately distribute returns to owners. With your Growth Model we will know which drivers you should focus on when developing your strategic plan.
We consider the following questions to give you tailored business advice and support that works.
Where are you now?
Before we can start moving you forward, we need to take stock of where you are now.
We take a close look at the key numbers, opportunities, issues, and challenges facing you and your business to get an understanding of where you and your business are now. We review the internal and external environment, develop a robust SWOT analysis, and identify the top priorities.
By keeping it simple, we believe you are far more likely to achieve your goals with a clear plan.
Where do you want to be?
To determine where you want to be, we will review the key numbers that drive your profitability and cash flow.
We will test the sensitivity of these numbers so we can determine where improvements can be made to achieve the desired profitability and increase the value of your business in a sustainable manner.
We will then determine the target profit you want to achieve over the next 3-5 years
In addition, we will help you determine where you play, how you are going to win, and the key processes required for your business to win in this space.
How do you get there?
Clarity is the key.
Once we have determined a clear direction and focus for your business for the next three to five years, we will help you identify the 4-6 strategies that will achieve your profit target, support your business model, and address your business’s SWOT. We will also put in place support processes to ensure the execution of your plan.
By challenging your direction, providing an independent view, and sharing ideas and knowledge, we can create an environment that engages your people to achieve the goals you have set for your business.
Finally, we will summarise your plans using our one-page plan format to create a blueprint for your future success and help you communicate your plan to your shareholder and the employees in your business.