Why do we put more effort into planning our holidays than our businesses?
Melissa Archer
It’s funny how when I ask business owners where they are going on holiday, their response is so certain.
Their vacation is all planned out, day by day. They have usually decided which sights and attractions they will visit; how many days they are staying in each location; even the time of their flights.
You probably do the same when planning for your holidays. You research the best hotels, airlines, and time of the year to travel to your dream destination. Like most savvy vacationers, you usually compare prices and plan your budget accordingly.
Often, you’ll engage the services of a travel agent to assist you with these tasks. You know that you can benefit from their experience and insider knowledge. You also feel comfortable knowing that if something goes wrong, you have someone to help you sort out flight problems or accommodation mix-ups.
So, why is it, as business owners, we don’t plan where we want our business to be in one, five or 10 years’ time? Isn’t the livelihood of our business more important than the two-week holiday we take once a year? Doesn’t our ability to take regular holidays depend on the continued success of our business?
Plan where to take your business in 10 years
Look into the future and imagine where you want to see your company in one, five, and ten years. Do you see a clear picture?
Does it look promising?
If it’s vague and uncertain, set aside some time to determine where you want your business to be in 10 years’ time.
Choosing your goals well can help point your company to the right direction. Your mission is a good starting point when setting goals and objectives to tackle over the next decade. Then break it down to 5-year and one-year goals, all working towards the achievement of your 10-year plan.
From there you can plan what you need to do on a month by month, week by week basis to achieve the goals you have set for your business.
Getting started with your 10-year plan
Like engaging a travel agent to plan your holiday, why not invest in a business coach or mentor to assist you in setting and achieving your short- and long-term goals?
A business mentor is an invaluable resource you can turn to when you come across challenges or need encouragement in difficult times. They can provide indispensable guidance, advice, and solutions that will lead you to the path to success.
Working with an incredible mentor can help bring clarity and strength to your vision. You will also accomplish more things much quicker than you would be able to do on your own.
So, tell us, what’s keeping you from fulfilling the great vision you have for your business?
For further information contact Archer Business Consulting on (02) 4962 3210, email mel@archerconsulting.com.au or visit www.archerconsulting.com.au
Other Articles from this issue
Entries open for 2016 Engineering Excellence Awards
Entries are now open for the Australian Engineering Excellence Awards (AEEA) Newcastle 2016 program.
Massive rail maintenance improves coal chain
The Hunter Valley coal chain received improved performance thanks to a multi-million dollar network maintenance shutdown...
A new financial year and new tax concessions for small business
Changes to tax rules from 1 July 2016 will significantly broaden the landscape for Small Business owners to restructure ...
More time for Newcastle charities in need of funding
Charities and not-for-profit organisations in Newcastle now have until 27 May to complete their funding application for ...


