How a Good Strategic Plan can Enhance Your Credibility and Increase Revenue

Do you think your strategic plan worth the paper on which it’s written? Can you put a figure on the worth of your Plan and its impact on the customers or community you serve? You’ll be amazed at how a well-thought-out and effective Plan could more than double your income and boost your credibility. They are strategic planning documents that we employ to support funding proposals from clients. We don’t get enough of them.

What are these outstanding strategic plans appear like?

What is it that makes them so popular?

Here are five ways to get the value out of your plan, increase your reputation and boost the amount of money you earn:

1 Plan for three to five years

The goal of a strategic plan is to produce results over a 3 to 5 year time frame, not just 12 months. Anything less than that timeframe is considered to be operational. To be sustainable or grow requires elements such as access to human resources Research and development, finance, governance, and infrastructure, and the capability to evaluate your progress within realistic timeframes. If you haven’t clearly defined objectives, how do you design effective marketing, human resource or financial programs? What can employees be able to contribute to the direction of the organization if it’s not clearly articulated?

2 Find outside assistance right from the beginning

If you’re planning to put together your next strategic plan, consider engaging an external facilitator right from the beginning to assist with the planning, information gathering and facilitation as well as creating an overall Plan. They provide objective insight to the process. Their advantages include:

Saving time and resources internally by outsourcing the leg work
Eliminating the risk of having an unintentional influence on the design of the Plan which can occur when an internal person facilitates and drives the plan’s content. Plan
It enables all parties to be a part of the process equally in consultation and discussion when shaping the plan.
3 Incorporate a well-researched situation analysis

Some companies depend on their own experience and knowledge to figure out the state of the external world, and make use of this knowledge to assess the current state of affairs and anticipate future trends. We live in a fast-changing world, which is why it is only natural that we examine the economic and demographic information, data on competitors, stakeholders and the government’s policies to keep ahead of the curve. This is what drives innovation. To understand how a good situation analysis can lead to the 3-5 year forecast to be a solid one look over local government council plans. In the event that you don’t, you may consider paying Gypsy Rose Lee to look at the crystal ball she keeps.

4 Strategy and Goals are not your programs, products and products and

If you’re focusing on the business, take a step back and concentrate on your mission and vision. If you want to get results, the programs, products, and services are only parts that make up the whole. Consider ‘how, when, what, why, who, and where starting with what needs to happen to take us from A to B in the time x to enable us to reach y (y = goal to reach is vision). In the case of products, programs, or services, utilize the process of strategic planning to think outside the box and come up with innovative solutions.

5 Measure your results

It is the essential element of the Strategic Plan that separates winners from the rest. This is the part many strategies gloss over possibly because it’s difficult to comprehend or as a sign that management’s Board/Committee of Management does not recognize its responsibility in setting and monitoring the direction of the company. Some million-dollar companies fail to evaluate their outcomes beyond the balance of the balance sheet.

If you want to position your organization with credibility how do you accomplish this without evidence? What can you do to determine how well the organization is doing?

Clients both large and small and those who were able to get significant amounts of money and establish their credibility have the following in place:

The Board exercises its role in driving the organization
It undergoes a diligent plan of action that helps to discover gaps and opportunities that they can take advantage of.
They measure improvements. , employ qualitative and quantitative data and are measured the effectiveness and efficiency. They assess every aspect of their work not just to ensure continuous improvement, but also to show proof of the difference they make. In socially-oriented businesses, there is the possibility to gather testimonials and stories that bring a personal feel to the data.
If you were going to fund any organization, which one would you choose? One that shows that it has its finger at the pulse of the times, has set its objectives, and strives to achieve these goals efficiently and effectively or one that, in the event that all chips fall down, can’t demonstrate the difference it has made to the people it serves? Our clients that evaluate their overall performance and incorporate this into their strategic plans are those we believe are most successful in attracting large grants. This is how a properly planned and executed strategic planning process can increase by more than doubling your income and increase your credibility.