Have you ever wondered where you are as a company with your business plan?
Having a plan and working that plan is in my opinion the cornerstone of a building a good company, yet a good plan is often the most overlooked area in a business. The task of creating a business plan can be daunting and as such often creates a case of paralysis for most Entrepreneurs. Having a solid plan that communicates your vision and value proposition gives you the capstone for all other areas of the business, such as finding the right team or raising capitol. To help with the often burdensome task of executing a plan and break it down to it’s simplest form so it can be executed there is a service called planHQ that will help you achieve your business plan.
For those who are familiar with Basecamp this service will be very familiar to you and your team.
We have used basecamp for quite some time and we love it for our projects, but when it came to our business plan there was always a disconnect for executing the strategy. Who wants to read a lengthly business plan word document anyway? Let alone try to keep a team on track using the document. PlanHQ allows you to write clear summaries of your strategy, create goals and assign tasks to those goals. Teams are now able to execute and take ownership more effectively towards the outcome of the companies vision.
Unless your raising money or communicating to your BOD (board of directors) you should not need to a huge document anyway. What you need is a clear internal strategy plan that covers the basic three elements of a business plan.
- Value Proposition (Great idea that will help our clients more affordably and effectively do a job they are trying to get done.)
- Profit Formula (A formula that allows you to keep costs minimal and margins at a maximum)
- Business Systems (Standardization for the our habitual ways of getting things done)
Now a business plan strategy will cover more detail than the above three points, but if you have those covered you have a great start. Once you get your plan outlined start adding it to planHQ, you will see progress take hold. Nothing motivates a team better than effective progress.
Visit – PlanHQ
