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Startup Creating a 1-Page Quarterly Action Plan for Your Business A powerful format and 3-step process to create your own 1-page quarterly strategic action plan to grow your company. In fact, to successfully scale, you must balance the need to focus on those fewer, better things that will make a leveraged difference for your company and your need to be flexible so you can adjust as you go.
It is the quarter. The quarter is the perfect unit of time to bridge your big-picture goals--which probably have a two- to five-year timeline or longer--and your weekly planning and daily action. The quarter is the way to execute on your strategy to accomplish your business goals.
If your plan is two or three pages or, heaven forbid pages! It becomes a clear accountability tool and GPS to ensure your team is focusing on the right things and hitting the key milestones on time. And with your plan being one page, you and your team can take it in with one look.
This discipline of working with a quarterly one-page action plan has helped our business coaching clients enjoy an average annual growth rate of Here is what our formatted action plans look like. But in your Focus Areas that quarter, you will invest a portion of your best resources, because you know that these are the areas that will really help you scale and develop your business.
Each quarter, meet with your leadership team and decide on up to three Focus Areas for your business for that quarter. Potential Focus Areas could be: Increasing your lead flow Improving your sales conversion system Speeding up your collections cycle Making a key hire Developing a new product Progressing on a key project I strongly advise you to limit your company to no more than three Focus Areas for the quarter in many cases, having only one or two Focus Areas for the quarter may be a better choice.
Why limit your company to three Focus Areas? Because too many top priorities means you have no top priorities. Ninety days go fast.
If you spread your company too thin, you and your team will partially do things instead of fully doing a few key chunks that actually produce value for your company. So pick your Focus Areas carefully and invest your resources to get something special done on these fewer, better areas.
Step two says to pause first and clarify your criteria of success for each. What would you need to accomplish this quarter to feel successful in this Focus Area?
Be ruthlessly realistic about what it is possible to accomplish in 90 days. Generally, we suggest you pick criteria of success that you have control over or, at the very least, you have a great deal of influence over. When criteria are too subjective, you may reach the end of the quarter without agreeing on whether you succeeded.
Look for three to four definite criteria of success for each Focus Area.
See the sample plan of action above for what these could look like. Your written criteria of success for each Focus Area give you a yardstick against which to measure progress as you go.
Lay Out Your Key Action Steps and Milestones for the Quarter The final step is to lay out the key action steps you need to take and milestones you need to reach to accomplish your criteria of success for each Focus Area over the coming quarter.
While your plan must be detailed enough to guide your actions, it must not be so detailed that you feel overwhelmed or lose yourself in the minutia.
For each action step, pick a team member to be ultimately responsible for executing the step by a definite date. While you can have multiple people contribute to a specific step or steps, you need to pick one person who is tasked with the responsibility and authority to get that step done and done well.
We say that this person "owns" the task.
This sense of ownership is critical to your success. If you would like to watch a minute video training on how we do our strategic planning with clients to come up with their quarterly action plan, click here and access our free Scale Tool Kit.
One of the 21 videos there is on exactly that--me walking a business owner through creating a one-page plan of action.Welcome to eAuditNet. eAuditNet is web-based software that supports and improves efficiency in the auditing and accreditation systems of industry managed programs administered by the Performance Review Institute.
eAuditNet is developed and maintained by PRI for the benefit of industries where safety and quality are shared values, implementing a standardized approach to quality assurance. We coach our business clients to review their company's quarterly action plan each week.
It becomes a clear accountability tool and GPS to ensure your team is focusing on the right things and. South Africa's Premier Online News Source. Discover the world of IOL, News South Africa, Sport, Business, Financial, World News, Entertainment, Technology, Motoring. The Waste and Resources Action Programme (which operates as WRAP) is a registered UK Charity No.
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This Business Action Plan Example template contains details of the objectives of the plan, progress tracking, details of the resources, communication details with all of the people involved and other relevant information.