Plan to Excel 

Plan to Excel 

Planning is a critical part of doing business. Often, business owners get so busy doing; they don’t take the time to plan the actions they need to take to be more successful. Planning seems cumbersome and without full organizational participation, there are often consensus if plans are not implemented. Many believe that planning isn’t essential and try to run their business from moment to moment. Experts argue the contrary. “A business plan is also a road map that provides directions so a business can plan its future and helps it avoid bumps in the road. The time you spend making your business plan thorough and accurate and keeping it up-to-date is an investment that pays big dividends in the long term” (, 2020).

Without planning, business owners get frustrated and end up doing a lot of rework and ultimately end up wasting resources on projects and activities that don’t create growth and profits. Slowing down to plan isn’t just good business; it could be the difference between experiencing a steady upward trajectory or having a sputtering, haphazard road forward. But slowing down feels antithetical to the entrepreneurial spirit that encourages sprinting instead of a slow and steady pace.

Sometimes business owners only do an initial business plan to meet funding requirements, then they pack it away and never look at it again. If you have ever had to create a business plan, you understand how intricate and detailed they are. Comprehensive plans for a business overview often include; an executive summary; marketing strategy, competitor analysis, design, and development section; operational and management plan; and detailed financial reports. A useful business plan allows owners and investors to analyze the data collected, which will identify specific projections of success. Once completed, however, formal business plans are often never reviewed, revised, or even read.

A business plan should be a living document. Regular updates and revisions are necessary so that businesses can be more proactive rather than be reactive to changes in their marketplace. If a company started 2020 projecting growth, based on the most recent economic conditions, they wouldn’t have been alone. Most businesses started 2020 with an optimistic outlook, some might have been more conservative than others due to their specific industry, but most business owners were riding the positive waves of productivity and prosperity sweeping most global markets. Then the COVID 19 Pandemic changed everything overnight.

The 2020 Pandemic swept the globe quickly, and in a matter of days, all the plans for 2020 were dramatically altered. Over the course of 6-8 weeks for most businesses, it was crisis management mode. Whether scaling back, shutting down, or ramping up operations to meet new demands, business owners had to pivot and shift resources, capital, and employees immediately. Whatever they had planned to do was replaced with whatever they had to do to survive simply.

As the Pandemic scare begins to subside and businesses reopen, planning for the near future has never been more critical. It is vital that planning for a business not be regulated to intangible wish lists and hypothetical responses to ‘what if’ scenarios. Instead, business planning consistently and more frequently can lead to immediate success and help a business owner establish long-term systems and processes for growth.

Regular and more short-term planning cycles allow a business to pivot and respond more effectively to external and internal changes. If an owner develops a healthy and productive planning process for their business, they consistently have vital information at their fingertips. They don’t have to scramble to collect it when there is a crisis. They can then jump into action, based on data, facts, and historical information, if something dramatic such as the recent pandemic happens to threatens their businesses’ well-being. Without a regular and consistent pattern of planning, business owners are starting from behind from the outset. Business planning is a means to an end. Hence, planning needs to become an organic part of your business instead of a special event.

At ActionCOACH the largest business coaching organizations in the world, certified business coaches establish regular planning cycles with their clients. Because planning is critical for success and often sheds light on opportunities, ActionCOACHes worldwide use a systematic approach in which planning becomes a normal course of business. They develop planning habits through GrowthCLUB. “It’s part of our comprehensive business coaching system. GrowthCLUB is a unique approach to make planning regular and consistent”, says Brad Sugars, founder and CEO of ActionCOACH. “Market conditions are volatile, and businesses have to adjust quickly. With new threats, like the pandemic, we have demonstrated to thousands of businesses just how critical business planning is regardless of the size of the operation”, Sugars continues.

Learn more about GrowthCLUB:

If your business is lacking consistent planning, contact ActionCOACH Sheles Wallace @ 832-371-6642 x101. Sheles will walk with you on this journey and help you take your business to the next level!