How To Plan Your 2015 Foundations

Written on the 27 January 2015

A new year begins so it's time for all business owners take time to do some serious planning.

It's a good idea to spend a day or two preparing your business plan and then take some time off, to digest your plans, and then come back into the office refreshed with a new direction, ready to make money. All financial foundations should have reliable service providers and a team around them offering support, mentoring, guidance, advice and security.

Here's some ideas to get you started with your foundation support service and team:

Importance of having a good team around you

Whilst you may be an expert if your field and totally in control, it is always good to know and accept what you DON'T know. We all NEED a network around us and identifying yours can be a great advantage for you.

How do you select and measure the team performance?

Are you proactive or reactive? Do you set guidelines and have expectations? Do you share with your team, do they share the same with you? Do your pathways lead to the same destination or goal? Your team don't have to be in your business, they may be another service provider that can add value to your clients.

How do you share their expertise?

Knowing what you don't know is a great way to share others expertise. Once you know and have this clear this in your mind you can then begin to share with others to benefit your goal. No one should be scared to admit that they do not have all the answers. Many business owners' use referral marketing and networking to learn what they don't know themselves, and develop a business relationship with another who can help them and/or their clients with a complimentary service to their own.

Benefits to your business and to your clients

Any plan should have clear definition, goals, boundaries, backup and outcomes. If your clients know that you have reliable procedures and plans because you have taken the time to plan and share them, you are well on the way to be trusted and this in itself can be the best referral for any new business or increased sales. You will develop ambassadors for your business, the best testimonial.

Want some direction in developing a great team to manage any obstacles?

Set your direction, know where you are now and know where you want to be. Share this with a trusted colleague or two, and use this to identify any obstacles that may get in your way. If you are not aware of the obstacles and they occur that can be disastrous to your business.

Happy New Year!


The information contained on this website has been provided as general advice only. The contents have been prepared without taking account of your objectives, financial situation or needs. You should, before you make any decision regarding any information, strategies or products mentioned on this website, consult your own financial advisor to consider whether that is appropriate having regard to your own objectives, financial situation and needs.
Whilst Arrow Focus on Wealth Pty Ltd is of the view the contents of this website is based on information which is believed to be reliable, its accuracy and completeness are not guaranteed and no warranty of accuracy or reliability is given or implied and no responsibility for any loss or damage arising in any way for any representation, act or omission is accepted by Arrow Focus on Wealth Pty Ltd or GPS Wealth Ltd or any officer, agent or employee of Arrow Focus on Wealth Pty Ltd or GPS Wealth Ltd.

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