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Pulse Survey

Strategic Planning

Strategic Planning

This is a high-level summary of our key findings from the 2013 Small Business Pulse Survey. This survey concentrated on Strategic Planning of Business Owners. 

  • Small business owners consider "action plan and tactics" to be the most important area of their business.
  • The majority of TAB members surveyed indicate they review and adjust their strategic plan quarterly. Compared to the majority of no-TAB embers who adjust annually.
  • Only 4 out of 10 business owners rate their written strategic plan as "good". 
  • The primary reason business owners cited for having no written strategic plan for their business was "not enough time, too busy". 

 

Future Outlook

  • Business owners who describe their strategic plan as "excellent" or "good" are much more likely to project a sharp increase in profits and sales revenue next year. 
  • Of all areas expected to benefit from a strategic plan, Sales Revenue is where most business owners expect to benefit once the plan is implemented.
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Do You Have a Blueprint for Your Business? Learn How to Use Our Tool to Help Achieve Your Strategic Plan

Some business owners have a strong vision and strategic direction but lack the operational effectiveness to move the business toward their vision. Other businesses are great operators but lack a strong vision and strategic direction. For different reasons both types of businesses are stuck in the status quo leading to great frustration for owners and employees alike. Sales might be good in a great economy but what happens when it slows down? And what about emerging competitors?

If your business is facing any of these challenges, you may need a blueprint for your business. Especially, Business Builder’s Blueprint (BBB). The BBB is a set of processes and an online toolset to help businesses establish the direction for their business, create an aligned strategic plan and provide the methodology to successfully achieve the strategic plan. Whether you are a TAB Member or not, this webinar will provide multiple concrete take-aways that you can apply to your business to run your business more strategically and improve results.

Register Here