What Is a Strategic Business Plan?
A strategic business plan is a valuable tool for business builders, allowing them to prepare for the future by aligning their business goals with their market, industry predictions, and plans for structuring the company as it grows. This kind of business plan is a true roadmap to success that can help a savvy business owner define and meet goals more quickly by staying one step ahead of growing pains and economic turbulence.
Strategic Business Plan is Ideal For
- Anyone who wants a goal-oriented strategy for growing a business quickly and strategically while minimizing distractions and dead-end side projects.
Strategic Business Plan Uses
Strategic Business Planning allows you to track, guide, and understand the direction of the company by analyzing its past performance and looking for ways to improve. This growth-acceleration tool can be thought of as a way to fine-tune and direct the potential of your company. It is an invaluable way to gain a deeper, more strategically minded understanding of your business and its strengths while eradicating weaknesses.
If you want to see a strategic business plan example. Check our strategic plan to get an idea.
Your Wise Business Strategic Plan will allow you to set goals and map out precise ways to meet them. Use it to set priorities, streamline processes, and amplify your business’s reach. An expert strategic plan will allow you to focus on the parts of your business that are ready for growth and weed out of course-correct those that are not.
Make no mistake
Being a business owner means fighting for your company every minute of every workday. If you don’t have a battle plan, you may as well surrender, because you’re planning to lose.
How do you conquer the field? With a professional strategic Business plan, carefully crafted for your individual company’s needs.
A company strategic plan is your outline for success, your map to the top of the hill. Unlike a classic business plan, which is a vital, living document that offers a complete snapshot of your business and its overall future, a company strategic plan points the way forward for initiatives in a distinctive time-frame.
Developing a strategic plan is part of being a good manager and a true leader. When you waste time wondering what your next move should be, you and your team fall farther and farther behind. Having a game plan in hand creates the ability to pivot quickly as each turn in the road to financial stability or business growth approaches.
A professionally written business strategic plan can mean the difference between doing OK and succeeding beyond your wildest dreams. It’s like having the answer key at the back of the textbook.
When is the best time to prepare a strategic business plan?
While a strategic business plan can be created at any time, as long as you have a distinct goal in mind, it is usually most beneficial to businesses that have launched and are looking to move on to the next step in their growth process.
Your strategic plan will typically take you through the three to five years from conception of your goal to its achievement and follow-through, providing direction and outlining specific actions necessary to reach the desired end.
Any major company initiative should be backed by an in-depth, professionally prepared strategic plan, making the road to accomplishing your plans smooth and your processes efficient.
This means your company may have many strategic plans as it grows, and that’s as it should be — this kind of business plan is valued most by entrepreneurs who are truly committed to growing and developing their businesses.
Learn more about ideal business plan for your business
The professionals at Wise have decades of experience in crafting business strategies for growth, the market increased market share and other initiatives of all kinds. Not sure if you could benefit from a strategic business plan right now? Call us today to discuss your options. Wise offers a variety of business-building services for clients of all sizes in every stage of company development.
- Executive Summary
- Financial objectives
- Startup or expansion summary
- Products or Services
- Goals and Direction
- Market Size
- Market segmentation
- Targeted demographics
- Market needs
- Marketing objectives
- Marketing strategy
- Competitive analysis
- Competitive advantages
- Keys to success
- SWOT analysis
- Barriers to entry
5 year proforma financial projection include:
- Personnel forecast
- Revenue forecast
- Break-even analysis
- Income statement
- Cash flow statement
- Balance sheet
- Sensitivity analysis
- Financial indicators
- Financial assumptions
Every plan includes our suite of professional services:
You’ll receive a document written in Microsoft Word, financials custom-built in Microsoft Excel, and a finished plan laid out in professional graphic programs by skilled designers.