How To Stay Focussed and Build Your
Business
by: Matt Bacak
You have a detailed business plan, which showed the overall
intent of your company. You presented the business plan to your
bank before start-up and they submitted funding in the amount
that you both deemed acceptable. The original business plan
contained the basis of the procedures that will help you stay
focussed while the company grows. Let's examine some of these
processes that you will use to give your business the focus it
needs to grow and succeed.
1. A marketing plan. If sales are a part of your operation
(and it seems that some form of selling is always a big part of
every company), then, you will need to have your sales group
focussed on a marketing plan. Short term and longer-term
analysis should be a part of this planning and will likely
contain an analysis of your competition, market potential and
sales projections. Be careful not to fall into the trap of
letting “the business take care of itself”, stay focussed at all
times and be sure your managers are tuned into this market
monitoring regularly, nothing is more defeating to the general
manager/owner than to be told by a sales manager…I didn't see
that coming! YIKES!
2. Accounting procedures. If sales are important, then the
need to stay focussed on receiving the proceeds from sales is
equally important. Accounts payable, expenses and accounts
receivable need to have fixed procedures in place to allow money
to flow freely through the company coffers. Focussing on these
procedures at regular weekly and monthly meetings will put the
accounting and marketing groups on the same path. A rift between
marketing and accounting is a common bureaucratic occurrence; so
don't be surprised if one point you hear from someone from sales
state, “We make the money here, how come I have to live by their
rules?” Getting these two operations to stay focussed on a
bottom line results oriented approach is a regular part of an
owner's job description.
3. Human resources. If you have ever worked for a manager,
who considered his employees as expenses rather than assets,
then you will be familiar with the need for managers to stay
focussed on human resources within the company. A manager who is
fixated on staff reduction regardless of their accomplishments
will create an atmosphere of fear. Certainly, no one wants to be
grossly over-staffed, but a good owner/manager will focus on
keeping adequate employee base numbers, and ensure continuing
training, safety programs and top of the line employee benefits.
It's your campground, why not have “happy campers?”
4. Selling your business. This does not mean selling in the
true literal sense. It means focusing on being sure your company
image is one that is the envy of your competitors and is known
in the business world as a first class operation. You can do
this by having key managers attending industry conferences. Be
clear and tell them that their focus at these seminars is to
network, thoroughly gathering as much new information that they
can. They should also 'sell' other attendees on the importance
and efficiency of their company in the industry. Upon their
return, have follow-up meetings with these managers where they
will report in detail on what they have learned. Managers
attending conventions and seminars should take opportunities to
enjoy themselves, nevertheless, they will be the “face” of your
company, it's wise be sure that they focus on making them
business meetings, and not all “playtime.”
If planning, organizing, staffing, direction and control are
five major factors in managing a company, staying focussed
throughout the process, is paramount! |