Developing an action plan

You have been a diligent new business owner and have completed your first business plan – congratulations! It is a big first step.

 The next step in the process is to establish an action plan – how are you going to put all these ideas and plans into place? Creating a document that outlines your intended activities, allocated budget and time allocations allows you to be accountable and organised in your business plans.

 When developing your action plan (we love working in excel – user friendly and a fabulous resource) start by prioritising your most pertinent business activities first. Establish what key activities are required to get your business off the ground – those that will increase brand awareness with your customers and to start generating an income.

Allocate budget and time to each activity to ensure you keep to schedule and to budget. Your action plan should be an ongoing working document, one that you work from every week, and one that you continually revise and update to keep moving your business forward.