1.  Define your company vision

Being
able to define your company’s vision in clear term is key and should be develop
and made.  Publicly available to both
employees and customers. The vision statement should answer the key questions
that drive your business and also state where the company headed. What do you
want your company to be? If you don’t know the answer to these questions off
the top of your head, then you have some thinking to do! If you have the
answers in your head, but not on paper—get writing.

2. Define your personal vision

Having
strategic personal vision is just as important to your strategic plan, it does
not need to be shared with your team and customers and should translate what
you want your business to bring to your life there is also need for strategic
alignment of both personal vision and organizational vision this would ensure
that growth is translated from both end.

3.
Be acquainted with your business

Ensure
to carry out a SWOT analysis  (strengths, weaknesses, opportunities, and
threats).This would help you to
understand   where your business is now,
you can make more informed decision so as to ensure growth in the business.

Asking
relevant question such as “Why is this business important?” and “What does this
business do best?” are a great place to start. A SWOT analysis can also help
you plan for making improvements.

4.
Establish realistic goals

This
goals are mostly Short-term in nature and are realistic because they could be
achieved over a short period of time goals also to  ensure that they are within reasonable limit
the goals should be  smart in nature
which is “S.M.A.R.T.” (Specific, measurable, actionable, realistic and time
bound).

5. Outline strategies

Strategies
are steps you’ll take to attain the set goals. If the short term goal is “build
out a new product or service,” the strategies might be:

• Researching competitor
  offerings


• Getting in touch with vendors
  and suppliers


• Formulating a development plan


• Outlining a marketing and sales
  plan for the new offering

6.
Create an action plan

Every
action plan is an important part of a business planning and strategy
development process. The best analysis would be based on in-depth
market research, and creative strategizing are
pointless unless they lead to action.

An
action plan needs to be a working document; it must be easy to change and
update. But, must also be specific about what you’re doing, when you will do
it, who will be accountable, what resources will be needed, and how that action
will be measured.

7. Cultivate strategic communication

To
ensure that your team is up to speed, you must communicate strategically.
Results-driven communication focus conversations and ensure to cuts out
excessive meetings. Every communication should be rooted in a specific goal.

Include
the how, where, when, and most importantly why every time you deliver instructions, feedback, updates, and so
on.

8.
Review and modify regularly

There
is need for regular appraisal to ensure that you are following through with the
goals. A weekly review of your goals, strategies, and action plans would help
you see if there is need adjustment.

9.
Hold yourself accountable

Not so many persons knows how to
hold themselves accountable for action taking by them but Having a close space for advice and accountability is really
valuable to  ensure the growth of any
business so therefore

Having
a business coach or mentor is great for this so as to ensure tht you re accountable.
If you have a hard time sticking to your plans, you’ll have an equally hard
time meeting your goals.

10. be adaptable

The fact that it is nearly impossible to accurately
predict the future is why been able to adapt to the change is important and
this is done by monitoring the proposed plan daily and constantly look out for opportunities to exceed the earlier
strategic plan by being more creative, and by exploiting the weaknesses in the
competing market.

11.
Create a strategic planning team.

A
strategic planning team can help with every phase of the process, from creating
a company vision to adapting your strategy week-to-week. Compose your team of
key management staff and employees—some visionaries and some executors.

If
you think you’re “too busy” for start strategic planning, then you need
strategic planning more than you know. Having a focused plan allows you to
focus your energies, so you’re working on your business, rather than in it. As
a business owner, it is your responsibility to steer the ship, not put out
day-to-day fires.