A business improvement strategy requires an understanding of how the key elements of a business plan integrate to produce a High Performance Business Model.
You need a Vision for the business that aligns with your personal goals and a Strategic Plan to deliver the vision.
You need to Structure the business so that it can implement your strategic plans and you certainly need to develop the right Culture within the business to build a customer focused team that looks for innovative ways to improve the business in line with the overall vision.
You need to understand the Products and Services that you produce and what makes them attractive to your customers. You need to constantly innovate to improve the product range and to look for ways to operate more efficiently to drive profitability.
You need a Sales and Marketing plan to increase the number of ideal customers buying from your business and you need to maximise the profits generated from each customer interaction.
You need strong Financial Management to consistently grow your bottom line profit, to free up cash flows in the business and to maximise the value of the business when it comes time to sell.
People Management becomes critical as the business grows. You need to be able to efficiently manage your staff to ensure they are productive, motivated and committed to the long term future of your business.
And finally, to fully realise the growth potential of your business, and to turn your business into an efficient and valuable business, you need to Systemise your processes to ensure a consistent quality of product and a continuing focus on improving customer service.