March 2008 Newsletter

Is a strategic plan just for business owners?

This month’s tip triggers Individual Inspiration: 

The benefits of a strategic plan go beyond business owners. Individuals can also plot a new route by taking the time to consider a few key questions and setting SMART goals. 

Besides benefitting personally, individuals can have a tremendous impact on their co-workers, families and communities by outlining their course toward a vision. It is often assumed that vision must come from the top of a business or organization. Although the president or CEO’s ideas are important, it is no substitute for personal vision.

No matter what level you are at in your business, you can be a leader. Writing a Strategic Plan as an individual is a positive step toward leadership. Let’s take another look at Strategic Planning, with the individual in mind.

What is a Strategic Plan? A Strategic Plan creates a vision of the future and works toward that expectancy.The plan works in concert under a mission, vision and value strategy.  It’s a simple process that energizes your direction in life. Strategic planning answers three big questions:

  • Where are you today?
  • Where do you want to be in the future?
  • What should you focus on today, in order to make it more likely you will be where you want to be in the future?

SMART goals are important to uncovering your vision and paving your path to leadership:

Specific

Measureable

Achievable

Realistic/really desired

Timed goals

Let’s take a look at how to break down your goals so that you can begin to write your Strategic Plan. Start by asking the question: “Where are you today?”

a) Describe who you are, what you do, and for whom you do it. Picture your purpose for which it exists today i.e. your mission statement. Does your mission statement define where you are heading now?  

b) Picture yourself 10 years from now and describe an optimistic view of your future. Does your vision statement reflect your road map, showing the route you will follow? The vision statement paints a picture of your destination and provides a rational for going there.

Success Trek will help you walk through the steps to revise and write your Strategic Plan. Read our monthly business tips and make your Strategic Plan a reality.

Need help getting started? In real-time, we are ready to discuss your immediate concerns or issues to help you create a path of success for your personal and professional life.

This week’s business tip was adapted from the textbook “Crafting and Executing a Strategy” by Thompson, Strickland III, and Gamble and Ken Blanchard and Mark Miller‘s “Leader to Leader” (No. 46, Fall 2007).

Squash the Myth:

Myth: Success equals money.

There is no doubt that having financial freedom can be a hallmark of success. But is money a requirement to be successful? Success Trek believes that your definition of success has many different facets, all unique to you.

“There are many aspects to success; material wealth is only one component,” says Deepak Chopra in “The Seven Spiritual Laws of Success.” Chopra believes health, peace of mind, enthusiasm for life and a sense of well-being are also characteristics of success.

What makes your life successful? SuccessTrek can be your guide to answer this question.

Chopra reminds us: “Success is a journey, not a destination.” 

Are you ready to redefine your career path and set new goals? 

Let Success Trek help you gain perspective on the issue(s) that challenge you.  

“Success is the sum of small efforts, repeated day in and day out.”

– Robert Collier

 

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