The Game Plan - The Difference Between Small Business Success and Failure

Written by Jan B. King


Continued from page 1

A game plan only looks out a year at most, but withinrepparttar context of a much longer period of time. The company might decide where they want to be in five years –repparttar 104155 game plan is justrepparttar 104156 next series of steps toward that longer-term goal. There is no point in setting objectives for which there aren’t adequate resources, so objectives and budget are discussed in tandem. Another challenge ofrepparttar 104157 game planning process is to define success for each objective and decide how it will be measured.

This is a time for healthy argument as sales wants more resources to increase revenue, product development wants more ofrepparttar 104158 objectives to be toward R&D forrepparttar 104159 company’s future, andrepparttar 104160 operations manager wants more staff to improve quality. This is alsorepparttar 104161 time for managers to considerrepparttar 104162 implications for allrepparttar 104163 decisions. And it is repparttar 104164 time forrepparttar 104165 CEO to create a connection betweenrepparttar 104166 objectives and each ofrepparttar 104167 managers so that there is personal commitment torepparttar 104168 success ofrepparttar 104169 company. If managers are not committed, they will never be able to expect commitment from other employees.

Turning Objectives Into Actions

Whenrepparttar 104170 company objectives and budget are ironed out, about halfrepparttar 104171 work is done. A second series of steps takesrepparttar 104172 objectives set at a corporate level, and creates specific action items for each employee that supportrepparttar 104173 department and then company objectives. Just asrepparttar 104174 CEO andrepparttar 104175 managers hashed outrepparttar 104176 process of give and take between what is today and where they would like to be tomorrow, each manager must go throughrepparttar 104177 same process withrepparttar 104178 departments’ employees. Each employee must have a series of actions, but most importantly, each employee should know where they stand at any time they wish to check.

For instance, ifrepparttar 104179 objectives for a customer service employee are to keep call length to an average of 2 minutes, have sales of an average of $50 per customer who calls, and to return all calls within 24 hours, then you want that employee to be able to findrepparttar 104180 measurements for those objectives as often as he or she wishes. The goal is forrepparttar 104181 employee to have access to just as much information about his or her performance asrepparttar 104182 manager. An employee who can assess his or her own progress real-time will correct performance deficiencies without a manager’s insistence.

The Plan Isn’t a Secret

The final piece is constant communication aboutrepparttar 104183 plan and repparttar 104184 company’s progress torepparttar 104185 employees. The game plan is not only communicated initially, it must be kept alive throughoutrepparttar 104186 year with meetings focused on measuring progress towardrepparttar 104187 goals. Successes should be celebrated frequently.

In my own company, we used something we called a Game Plan Circle to illustrate our plan each year. It was a six-foot circle with our vision inrepparttar 104188 middle that radiated out to cover company objectives, department and individual objectives. It served as a visual we could refer to in meetings to keep us on track.

The Bottom Line

Don’t let your business become another failure statistic. A business plan is a great first step in starting or fundamentally changing a business. The next step is a game plan – a translation of that business plan to each employee’s actions every day.

Jan B. King is the former President & CEO of Merritt Publishing, a top 50 woman-owned and run business in Los Angeles and the author of Business Plans to Game Plans: A Practical System for Turning Strategies into Action (John Wiley & Sons, 2004). She has helped hundreds of businesses with her book and her ebooks, The Do-It-Yourself Business Plan Workbook, and The Do-It-Yourself Game Plan Workbook. See www.janbking.com for more information.


Four Employee Behaviors That Can Kill Your Business

Written by Jan B. King


Continued from page 1

3. Dishonesty and theft. The term theft can includerepparttar theft of time, office supplies, andrepparttar 104154 use of office equipment for personal projects. Set standards for what is acceptable use of company assets. Security experts say as many as 30 percent of workers steal, resulting in an estimated loss of $50 billion a year from U.S. companies and contributing to as many as one-third of business bankruptcies.

As for dishonesty, I have a zero-tolerance approach. I dismissed members of my accounting staff for what may seem to be petty reasons: one for using $5 of petty cash as personal lunch money, another for telling me he was home sick when he was out of state on a long weekend vacation. If key staff members are not honest with you about small things, how can you be sure they will tellrepparttar 104155 truth “when it counts?”

4. Substance abuse. Substance abuse is more rampant than most employers know. The U.S. Department of Health and Human Services estimates that from 6% to 11% of adults are substance abusers. Substance abuse costs U.S. employers an estimated $100 billion a year. Call your attorney to make certain you followrepparttar 104156 Americans with Disabilities Act (ADA) requirements. Illegal drugs are expensive and have led financially desperate employees to commit fraud. They have also been implicated in violent behavior inrepparttar 104157 workplace.

Commit to setting standards in your workplace and you will find a calmer atmosphere, less turnover, and more attention to productivity, growth, and profitability.

Jan B. King is the former President & CEO of Merritt Publishing, a top 50 woman-owned and run business in Los Angeles and the author of Business Plans to Game Plans: A Practical System for Turning Strategies into Action (John Wiley & Sons, 2004). She has helped hundreds of businesses with her book and her ebooks, The Do-It-Yourself Business Plan Workbook, and The Do-It-Yourself Game Plan Workbook. See www.janbking.com for more information.


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