We work with entrepreneurs to identify objectives, create action items, develop team responsibilities, and establish timelines. Together we develop an overall, top-level action plan that depicts how each strategic goal will be reached.
As part of developing an action plan, we assist the entrepreneur –
- Review current practices
- Develop policies and programs
- Devise evaluation strategies
- Allocate responsibility and
- Develop communication strategies.
- Anticipate problems and outline contingency plans
Creating a robust action plan always begins with having a clear purpose, vision, or goal in mind.
An action plan has three major elements (1) Specific tasks: what will be done and by whom. (2) Time horizon: when will it be done. (3) Resource allocation: what specific resources are required for particular activities.
Creating an Action Plan involves:
- Identifying the objectives which are achievable & measurable.
- Identifying the action items needed to achieve the goals.
- Identifying the resources required to complete the action items.
- Identifying schedule and budget constraints.
- Prioritizing tasks effectively to meet deadlines.
Use the SCHEMES mnemonic to check that all the resource needs have been addressed.
A good action plan maps out the work process with a detailed schedule of critical activities needed to accomplish the goal.
Our executive team offers insight, experience, and a hands-on approach to cultivate early-stage concepts, products, and services into commercially successful business opportunities.
Given most start-ups’ resources and time constraints, entrepreneurs in this environment continually seek ways to complete critical business functions more efficiently. In most cases, these functions span all aspects of a business.
To compete in today’s markets effectively, growing businesses need access to the same breadth and depth of business services that have traditionally been accessible only to larger business organizations. As a result, we allow growing companies to complete critical business functions.