Happy Summer! I hope you are enjoying the season. We are, here in New Jersey! I just returned from a few days at the shore, enjoying castle building , sea shell hunts, and walking on the board walk.
We hope to get in some camping and other travel later in the summer.
There is lots happening at Compass Rose Consulting too!
I recently presented 2 workshops at the Holistic Mentorship Network Conference. It was held in beautiful setting in New York State. Very restful. The Vision Board workshop was again such a success that I am planning to offer it hear later this summer and again in the fall. Be sure to keep an eye out.
I am also in the process of moving my websites to a new hosting company that will offer me additional resources AND will be moving my list. That means you! I will need you to confirm your participation on the list when you recieve the email. Otherwise you will be dropped. I will also be sending you a link for several different opportuntities! My Launching Your Dream e-course, free reprots etc. My plan right now is to continue Bearing Points. It is going to have a totally new look and feel. I think you will be impressed. It will focus on leadership in business. I will also be adding a marketing newsletter. I need a name for it! Do you have any ideas? The marketing news will give you marketing tips, access to marketing resources, software, reports, etc.
If you have a name for that newsletter -- send it to: donna@compassroseconsulting.com
Compass Rose Consulting is evolving this year -- it's fifth anniversary into a company focused on leadership development for small businesses and leadership teams. My vision is to continue to offer Bizology.Biz to micro businesses, the Leader's Book Club will be up again, along with programs for leadership teams, sales teams and management teams. Is Compass Rose Consulting the right name? Perhaps Compass Rose Center for Leadership; or Compass Rose Institute for Entrepeurial Leadership; or Compass Rose Entrepreneurial Leadership Center.
What do you think? The ultimate vision is to have a center where business owners can come for training, coaching, retreats etc.
You know, that I believe in sharing vision. This is a part of mine. I hope you will continue the journey with me. My passion is supporting your success! I have many things happening this fall. I hope you will be a part of them.
Happy Summer!
Donna
Donna Price
Compass Rose Consulting, LLC
931 Maple Ave
Newton, NJ 07860
Showing posts with label strategic planning. Show all posts
Showing posts with label strategic planning. Show all posts
Friday, July 18, 2008
Monday, May 05, 2008
Strategic Planning Improves Results with Consistent Implementation
Strategic plans only help organizations when they are kept active and implemented. The strategic plan defines the business direction. That direction is based on the future, the vision of the company. Before an effective strategic plan can be developed a clear and compelling vision is needed. Visions are optimistic, the ideal picture of the future. The strategic plan is the map to the vision and then only effective if it is implemented.
Strategic plans can sound intimidating and overwhelming to many small business owners. The most effective strategic plans are those that are simple, completed with the leadership team and key people in the company. Complex documents that consume excessive amounts of time to create don’t guarantee success. In fact, the large and cumbersome strategic plan can be so overwhelming that it just doesn’t work.
Start with vision. Write down what you envision for the future. What does the future of your business look like? What do you want for the future? Vision stories are inspiring, it’s your dream. Once you have created your vision you can begin building strategies.
The vision is the destination, where you are going. The strategies are the map that gets you to the vision. Company values are the guide or the “compass” in our map metaphor for making decisions along the way. Values keep you oriented and in alignment. When values are out of alignment the company is off track; not moving in the direction of the vision.
Strategic goals can be limited to the top 6-10. By having fewer goals the plan is able to stay alive and in front of you. By alive, it means that the plan is always where you can see it, use it and keep working on it.
To set strategies for your business first look at the vision, the different aspects of the vision. Brainstorm all of the goals, all of the strategies for each aspect of the vision. With brainstorming it is important to get all of the ideas out and write them down without judging them or editing them. Often the best idea comes from an idea that at first look seems too wild or crazy. Ideas jump off of other ideas.
Once you have brainstormed all of the ideas, prioritize them. Often ideas can be grouped with similar ideas. This can help in the prioritization process. The goal is to narrow the list down to the top 6-10 strategies. What are the goals or strategies that will give your business the future you envision, that will create a breakthrough that will produce the results that you want? Those are the goals that you should be selecting as top priorities.
Creating a powerful strategic plan is just one of the first steps. Many organizations have strategic plans that are well thought out and crafted. Where they fall short is in the implementation of that plan. Implementation is the key. If you fail to implement, the results will not be what you set out to achieve.
Implementation is the result of focused and continuous action. Strategic plans don’t just happen on their own: they require your attention. By keeping the plan in front of you and the team responsible for the plan, focus is maintained. Regular meetings about the plan also keep the plan moving in the right direction. Check-in meetings hold people accountable. When teams don’t meet and don’t keep their eye on the plan, the day to day interferes and the status quo remains. In order to make changes in the results that you achieve there has to be intention and commitment on the part of the team. The check-in meeting gives the team the opportunity to review what is happening, what is interfering with the results they want and need and make the changes necessary to change the outcomes. Through the intention of the leadership, the plan and the team, the culture of the workplace can shift from one of non-performance to one of performance focused.
Performance focused companies are companies that are thriving. The energy performing teams shifts the energy of the whole organization. It becomes more positive and contagious. People become excited about the vision, the plan and their implementation of the plan. Results create energy and excitement that keeps the plan moving, it propels the plan.
Organizations that produce results have a clear vision of the future; have a plan that is simple and strategic; and they work on the plan all the time. Their actions are designed to move that plan forward. They don’t let themselves or others get in the way. By implementing the strategic plan organizations achieve results.
Monday, September 24, 2007
Why Coaching?
As a business and life coach I say of course coaching. But just like you, not that long ago I was new to the idea of coaching. I thought -- why coaching? What I have discovered in my own coaching work with clients and with my coaches is this: coaching works. Clients gain different things from coaching. To distill it down to a few areas they would be: focus, clarity, accelerated accomplishment and follow-through.
I always thought of coaches as baseball coaches or football coaches. Since I don't play sports, what could I possibly work on with a coach and would it really make a difference? The goals that clients work on with coaches run the gamut:
Focus: Coaching assists in gaining focus. We each gain that for ourselves especially around New Year's. A time of year that we take the time to reflect and plan. Having focus involves those two elements, reflection and planning. But with New Year's resolutions they often fall aside as the year goes along. The coach assists to maintain the focus over time. In initial coaching sessions that is much of what is discussed.
Clarity: Clarity actually comes first I think. It comes back to the vision and what that compelling vision is for your life or business or both. I find that vision is at the core of my work all the time. Organizations and individuals need a clear and compelling vision. Creating that vision is at the core of clarity -- where are you trying to go? Vision gives you the map, the destination. Visions can be enhanced and modified along the way, they aren't written in stone. It's yours.
Accelerated Accomplishment: Coaching keeps the you, the client, on track so that projects are accomplished, faster and more efficiently than before. Many call this accountability. Having someone to check in with helps to maintain that focus and follow-through that you need in order to accomplish what you set out to.
Continuous action planning with your coach provides you a framework for moving goals forward quickly.
The results of the coaching relationship are many. Achievement, success, better productivity, and usually feeling good about yourself, which is a great bonus! Lives change with coaching.
Coaches offer coaching in so many different ways. How do you figure out the right path for you? Listen to your inner wisdom and pick the approach that will work best for you.
Individual Coaching -- many coaches offer individual coaching via telephone or in person. Coaching by phone is easy and convenient as it saves time for both the client and the coach. Relationships are built effectively via the phone. Tools such as email also enhance the coaching experience allowing the coach to easily send the client tools they can use for things such as goal planning.
Group Coaching -- some coaches offer group coaching. Groups also meet either in person or via phone using a conference call line. Groups are typically small: 6-8 people.
Individual vs. group -- I love both. I am in a group and have an individual coach. I also love working with groups and individuals. Groups offer the benefit of the members of the group: shared experience; shared learning. You receive input and feedback from the group. Individual coaching provides you with more focused attention and coaching.
Meeting Regularly via phone or in person -- 3 meetings a month is ideal. The progress is accelerated and results happen more quickly.
Monthly meetings-- if they are very targeted and focused will also produce results.
Coaching Gym -- this is a really unique approach. With the coaching gym you get a member's pass and have access to your coach during specified hours one day per week. Calls are typically 15 minutes or less.
Why coaching? Coaching is about action, taking intentional action. A good coach helps you to tap into your own inner coach and produce the results that you want. As the client, you do the work and are in charge of creating your own results.
*****************************************************************
Compass Rose Consulting can provide each of these coaching approaches. In addition, we offer a proven coaching curriculum that provides an extraordinary framework for working together.
For more information about CRC's coaching services schedule your complimentary conditional consult today. Seriously, the complimentary session is great. You will receive real coaching for a full half hour. Complete our self coaching form to get started. Because our time is valuable we only schedule 4 complimentary sessions each week. Schedule yours today.
I always thought of coaches as baseball coaches or football coaches. Since I don't play sports, what could I possibly work on with a coach and would it really make a difference? The goals that clients work on with coaches run the gamut:
- starting a new business
- business development
- marketing strategies
- achieving life/work balance
- career transition
- achieving something extraordinary
Focus: Coaching assists in gaining focus. We each gain that for ourselves especially around New Year's. A time of year that we take the time to reflect and plan. Having focus involves those two elements, reflection and planning. But with New Year's resolutions they often fall aside as the year goes along. The coach assists to maintain the focus over time. In initial coaching sessions that is much of what is discussed.
Clarity: Clarity actually comes first I think. It comes back to the vision and what that compelling vision is for your life or business or both. I find that vision is at the core of my work all the time. Organizations and individuals need a clear and compelling vision. Creating that vision is at the core of clarity -- where are you trying to go? Vision gives you the map, the destination. Visions can be enhanced and modified along the way, they aren't written in stone. It's yours.
Accelerated Accomplishment: Coaching keeps the you, the client, on track so that projects are accomplished, faster and more efficiently than before. Many call this accountability. Having someone to check in with helps to maintain that focus and follow-through that you need in order to accomplish what you set out to.
Continuous action planning with your coach provides you a framework for moving goals forward quickly.
The results of the coaching relationship are many. Achievement, success, better productivity, and usually feeling good about yourself, which is a great bonus! Lives change with coaching.
Coaches offer coaching in so many different ways. How do you figure out the right path for you? Listen to your inner wisdom and pick the approach that will work best for you.
Individual Coaching -- many coaches offer individual coaching via telephone or in person. Coaching by phone is easy and convenient as it saves time for both the client and the coach. Relationships are built effectively via the phone. Tools such as email also enhance the coaching experience allowing the coach to easily send the client tools they can use for things such as goal planning.
Group Coaching -- some coaches offer group coaching. Groups also meet either in person or via phone using a conference call line. Groups are typically small: 6-8 people.
Individual vs. group -- I love both. I am in a group and have an individual coach. I also love working with groups and individuals. Groups offer the benefit of the members of the group: shared experience; shared learning. You receive input and feedback from the group. Individual coaching provides you with more focused attention and coaching.
Meeting Regularly via phone or in person -- 3 meetings a month is ideal. The progress is accelerated and results happen more quickly.
Monthly meetings-- if they are very targeted and focused will also produce results.
Coaching Gym -- this is a really unique approach. With the coaching gym you get a member's pass and have access to your coach during specified hours one day per week. Calls are typically 15 minutes or less.
Why coaching? Coaching is about action, taking intentional action. A good coach helps you to tap into your own inner coach and produce the results that you want. As the client, you do the work and are in charge of creating your own results.
*****************************************************************
Compass Rose Consulting can provide each of these coaching approaches. In addition, we offer a proven coaching curriculum that provides an extraordinary framework for working together.
For more information about CRC's coaching services schedule your complimentary conditional consult today. Seriously, the complimentary session is great. You will receive real coaching for a full half hour. Complete our self coaching form to get started. Because our time is valuable we only schedule 4 complimentary sessions each week. Schedule yours today.
Monday, August 06, 2007
Did you make mistakes starting your business??
A friend and colleague emailed me that she's starting her own business and asked for my advice. It made me think about what I did right and what mistakes I made in starting my own business. I came up with my sage advice for her:
Some of the things that I wish I had done better -- were:
Number 1 and the biggest is the books. Right from the start set your bookkeeping up right. use a program like Quickbooks. I think I have every program except Quickbooks and there are many other good ones. I hear most people using Quickbooks. I use Microsoft Small Business Accounting. One of my greatest weaknesses in tracking money. This has been a challenge for me. I have studied the concepts and understand the bookkeeping. I have a couple of great books that I recommend, BUT they are packed for our move! I will add them to my blog once we unpack.
Operationalize! Creating effective and efficient operational procedures from the beginning is a key to success. Once you have them, you can tweak them as you need to. Operational procedures will aid you as you grow. They lay the foundation of how you do business and give your staff a framework to work in. Write down the procedures and keep them all in a centrally located binder. But also important is to follow them!! Many people create systems and then don't follow them, and then they create a new system and don't follow it. Give your systems a chance to work and don't waste all your time creating and recreating.
Build a website. I prefer building my own because I can update it easily. There are some great tools now for building your own site with little knowledge of the HTML code. It's important to have a professional looking site and one that offers great content. Adding content regularly also helps the site to remain interesting for people to revisit and also have a better page rank. the site builder tool that I am using right now is: Site Sell. Part of what I like about it is the extensive training they provide via video tutorials. If you have never built a site this program can really teach you more than the basics. The other feature is the tools for researching and optimizing your site.
Be ready to wear many hats and figure out how to love them all. As a business owner of a small business owner you often are wearing the hats of service provider, marketing director, business development, finance director, janitor, bookkeeper, webmaster, networker, sales manager and more.... So many of the business owners I work with say they hate marketing or sales. You have to find a way to love each part of your business if you don't have the resources to outsource those things. If you do have the resources then by all means outsource!
Work on your marketing plan. How will you get clients? Why you instead of all the other service providers on the corner will people pick you? What's your unique selling proposition? If you are new to business and new to marketing, this could be the most important piece of your planning. Marketing, becasue without clients/customers, you don't have a business!! Develop a complete plan including a comprehensive follow-up plan.
Network everywhere and have a postcard or memorable business card to hand out. My business card is orange and often when I hand it to someone they recognize it and say, oh I have your card and I get your newsletter! Make your materials memorable.
Over deliver to your clients and take care of them when they make referrals to you. We call this "wowing your clients". Go above and beyond what they expect. This will keep them happy and keep them talking about you and your business. When people are "wowed" they will tell their friends and you will increase your business! This fits in with a good customer service approach. And, when they do refer people to you, say "thank you". Don't forget to say thank you. You can also give them a gift, a free service, a significant service discount or other reward for their efforts to help you build your business!
What lessons have you learned? Let me know by emailing me at: info@compassroseconsulting.com
To learn more about each of these lessons join the Business and Marketing Mentorship where I will guide you through developing an effective strategy and marketing approach.
To your business success!
Donna
Some of the things that I wish I had done better -- were:
Number 1 and the biggest is the books. Right from the start set your bookkeeping up right. use a program like Quickbooks. I think I have every program except Quickbooks and there are many other good ones. I hear most people using Quickbooks. I use Microsoft Small Business Accounting. One of my greatest weaknesses in tracking money. This has been a challenge for me. I have studied the concepts and understand the bookkeeping. I have a couple of great books that I recommend, BUT they are packed for our move! I will add them to my blog once we unpack.
Operationalize! Creating effective and efficient operational procedures from the beginning is a key to success. Once you have them, you can tweak them as you need to. Operational procedures will aid you as you grow. They lay the foundation of how you do business and give your staff a framework to work in. Write down the procedures and keep them all in a centrally located binder. But also important is to follow them!! Many people create systems and then don't follow them, and then they create a new system and don't follow it. Give your systems a chance to work and don't waste all your time creating and recreating.
Build a website. I prefer building my own because I can update it easily. There are some great tools now for building your own site with little knowledge of the HTML code. It's important to have a professional looking site and one that offers great content. Adding content regularly also helps the site to remain interesting for people to revisit and also have a better page rank. the site builder tool that I am using right now is: Site Sell. Part of what I like about it is the extensive training they provide via video tutorials. If you have never built a site this program can really teach you more than the basics. The other feature is the tools for researching and optimizing your site.
Be ready to wear many hats and figure out how to love them all. As a business owner of a small business owner you often are wearing the hats of service provider, marketing director, business development, finance director, janitor, bookkeeper, webmaster, networker, sales manager and more.... So many of the business owners I work with say they hate marketing or sales. You have to find a way to love each part of your business if you don't have the resources to outsource those things. If you do have the resources then by all means outsource!
Work on your marketing plan. How will you get clients? Why you instead of all the other service providers on the corner will people pick you? What's your unique selling proposition? If you are new to business and new to marketing, this could be the most important piece of your planning. Marketing, becasue without clients/customers, you don't have a business!! Develop a complete plan including a comprehensive follow-up plan.
Network everywhere and have a postcard or memorable business card to hand out. My business card is orange and often when I hand it to someone they recognize it and say, oh I have your card and I get your newsletter! Make your materials memorable.
Over deliver to your clients and take care of them when they make referrals to you. We call this "wowing your clients". Go above and beyond what they expect. This will keep them happy and keep them talking about you and your business. When people are "wowed" they will tell their friends and you will increase your business! This fits in with a good customer service approach. And, when they do refer people to you, say "thank you". Don't forget to say thank you. You can also give them a gift, a free service, a significant service discount or other reward for their efforts to help you build your business!
What lessons have you learned? Let me know by emailing me at: info@compassroseconsulting.com
To learn more about each of these lessons join the Business and Marketing Mentorship where I will guide you through developing an effective strategy and marketing approach.
To your business success!
Donna
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