Why is business planning important? Do you set aside time regularly to plan what you want to do in your business? You should adopt this trait during the remainder of the year and next year.
Setting aside time at the end of the year to plan what I want to do and, more importantly, what growth I want to achieve in the coming year has been crucial to my success. This month, I want to share some of what I’ve learned and found helpful with you.
Related: A Timely Guide to Planning Your Week
Why Is Business Planning Important
Let’s start by looking at why business planning is “the secret” to success. There are a few different factors that come into play here.
The first is efficiency. When you go in with a clear plan, you can focus on what’s most important.
Then, instead of trying to figure out what you should be working on, what pieces of the puzzle are missing from your product funnel, or what you need to do to break through to the next income level, you know exactly what needs to come next.
As we’ll explore in a future blog post, with a clear goal and a plan for the year, it becomes easy to walk backward to create effective and efficient daily task lists.
But instead, work on what needs to get done each day, and you will reach your goals.
Next, setting a big goal for yourself helps you to think outside the box. If you don’t believe me, try it.
Decide on a big income goal for the coming month. Please write it down. Could you keep it in front of you? Then get to work and start to notice what happens next.
Start to think of things that didn’t occur to you before. You come up with creative ways to get more traffic. You decide to run a fun promo that adds income to your business.
The same happens when an important deadline comes up unexpectedly.
Think back on that time in college when finals rolled around or the last time your in-laws told you they would stop by later in the day. You got very creative about studying and cleaning respectively.
Last but not least, let’s talk about the subconscious. So far, we’ve been focused on what we are actively doing to make progress by making a plan, setting goals, and following through.
However, there’s another dimension to all this, which happens in our subconscious minds.
While busy plowing through our to-do list, cooking dinner for the family and even sleeping, our subconscious mind also works towards those goals.
In short, planning and setting goals are important because it helps you grow faster. That means you save more money for yourself and your loved ones while spending less time slaving away at your desk.
This month in the SCE Business Academy, we focus on planning for 2022. If you need some help getting your successful year planned out with a Masterclass and templates to get it done, check out the membership HERE.