Managing your own business involves a lot of things to oversee. You can’t leave your business decisions and operations solely to your people. It is also not healthy that you have a hand on everything that goes on within the company. You need to find that balance between macro and micro management, so to speak. The best way to do this is through planning.
Planning makes you intentional. It narrows your focus and gives you direction. It allows you and your team to map targets and assess if it’s feasible. Planning allows you to look at your resources and gauge if it matches the needs of your organization. Let’s look at some the reasons why planning equates to effective management.
Planning defines your goal.
Any business needs a set of goals or an overarching vision. Planning allows you to sit down and think about what you want for your business. A great way to jumpstart your business planning is through a vision board.
A vision board is basically a picture collage that depicts the very thing you want to achieve. Creating this enables you and your team to visualize the direction you’re headed. It’s like seeing your end-product or what you ultimately want to be. Simply go through magazines and cut the images that speak to you then place them together on a board. You can also add words to encourage you to pursue this vision. It is a great reminder that there is more to your business than mere day-to-day operations.
Planning keeps you grounded.
As a business owner, the lure of doing multiple tasks is very enticing. Giving into the jack-of-all-trades managing is the start of mismanagement. There are things that only you can do and that is what planning gives you. It defines your tasks for the goals you’ve planned for the company. It limits you in a good way because it allows you to focus on what is expected of you.
Planning makes you accountable.
Good management is about keeping track on your successes and failures. It involves accountability between you and your people. Planning allows you to keep tabs on each other by looking at what you’ve decided beforehand and see if everyone is doing his job to achieve this. It allows you to reference back to what you’ve talked about and check on each other’s progress.
Management without planning is like asking an architect to build your house without a floor plan. Everything is dependent on your preference, whims and moods. Despite having the resources, if you don’t have a plan there will be nothing concrete to hold your business together. The great thing about planning is that it’s a non-threatening environment for you and your team. Compared to meetings and sales reviews, planning is a great venue for open discussion and productive collaboration for your organization. This, in turn, will help you manage your business more successfully.