Why you need to get your whole team involved in your business planning

Business owners often try and accomplish everything by themselves so in todays video I wanted to discuss the benefits of getting your team involved when it comes to creating and executing a business plan.

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The importance of involving your team in your quarterly planning and your business planning in general; as your business grows and your team grows, then you have an amazing opportunity to expand and grow your business and develop your business at a faster rate than you ever could have by yourself. Even though a lot of business owners have this whole team who can potentially support them in the development, they tend to still hang on to all the improvement and development themselves. Then, they just view the team as people who just get on with the day to day running of the business and dealing with the clients. So the challenge with that is, you are then missing out on an amazing opportunity to then accelerate the development of your business.

Though it’s really important to bring your team into it, because ultimately once you made planning decisions in your business, it’s much, much harder to get corporation from your team to get things done if they weren’t involved in the making of those decisions. If you think about it, the people are far more motivated when they’ve had some say in the direction that they’re going, and they understand why they’re doing something rather tan just being given instructions. another thing to factor in is because you’ve got your whole team there, the chances are you may take a step away from some of the customer related work in your business, and they’ll be much, much closer to it. So when you involve team members, do it as a whole team.

So every quarter our entire team will get together and do that planning element. But when you do it as a team, what’s actually happening is people who are doing the day to day running of your business can then have input into the planning and the decisions you make. And then what you’re then doing is you’re bringing this practical component into the decisions because quite often an owner of a business can get detached to the point they make decisions, which aren’t always sensible or practical to actually enact.

So by bringing your team into it, you’re then creating this safeguard that everything that you do suggest is realistic. But also if you’ve essentially been quite open about the goals of the business and the culture of the business with the team anyway, then what the other benefit is, is they can actually just keep you really aligned to the overall objectives your business is trying to achieve so that you might have the best judgment in the world, but there will be times where you go off on a tangent and having that team there will then just keep you focused.

What I’d really recommend is, well, firstly, if you’re not doing quarterly planning, do it, every successful business in the world does quarterly planning. It is so important. Planning should be a routine for you. It’s not something you do when you don’t have a lot else on, it’s something that you should move everything else out of the way to protect. Your quarterly planning days or your quarterly planning sessions are so important for that very reason. When you do have them, yeah, bring your team together and you will benefit so much just in terms of how much faster your business develops just through their help, but also they’ll be so much more motivated to actually deliver the results that business wants. As part of your planning process, make sure you understand what is in it for the team. When you grow, you don’t just want to be like, “Hey, I’m going to build a swimming pool in my back garden, but feel free to help me do that.” It’s got to be really based on a win-win scenario for everyone, for your clients, your suppliers, your team. And when you do that, then everyone will get involved in helping you achieve that.

 

 

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