What is the Importance of Preparing A Business Success Blueprint?
Dr. Laureen Wishom
A Grant Writer & Non Profit Specialist, I help non-profit leaders get rid of their pain points through non-profit formation, grant writing & proposal development, capacity building, board development & much more!
The most important difference between a business plan and a business success blueprint is a business plan is for others to evaluate your business idea and a success blueprint is more of a tool for the small business owner. A success blueprint is all about you and your business.?
Your business success blueprint is meant to help gather information about your business, your customers, your competition, the steps to opening and how you will market / brand your new local business in the community.?If you do it right, a good success blueprint will walk you through the investigation stage of your business.
It will help you do the research needed to understand your customers / clients as well as your competition. It will help you create a strategic marketing plan you will need to kick off the business and succeed your first year in business.
What is in a Business Success Blueprint?
?Similar to a business plan, a business success blueprint is going to help you layout what 1) your business idea is, 2) how you plan to get there, 3) the tools and resources you need, and 4) your marketing plan.
?Your business success blueprint will also require research on your end. You will dive into discovering your core customers and what are their needs. You will study your competitors. You will want to find out what they are doing well that you need to emulate, discover what they are doing poorly that you can capitalize on.
?Your business success blueprint will map out how you plan to brand your small business. How you will let people know you are ‘open for business’.?You will also put a plan in place for your first year on how you will continue to get your name out there.
?What’s Right for Your Local Small Business?
?So, is it a business plan or business success blueprint? Which is right for you and your small businesses? If you are starting a typical one or two-person business like handyman, dog groomer, landscaper, or house cleaning service; odds are you do not need a business plan and a business success blueprint will be great for your start up.
However, if you are opening up or purchasing a franchise, or a business that requires lots of equipment and a long term lease, then you might need to seek out financing from an experienced?business plan consultant.
?Just Remember….
?A lot of people start new local small businesses each and every day. The successful ones take the time to research the business they are going into. They take the time upfront to know the answers to key areas of their business. They know what their customers want and they build the business around providing those services. They know what their competition is doing well or poorly to take advantage of both.
What does the Business Success Blueprint entail?
A business success blueprint is a step-by-step way to identify your business’s needs, goals, and strategic plan. Establishing this business blueprint is essential because it’ll provide the framework for your business as you continue to develop it.
Blueprinting can be a helpful tool in determining what business model will work best for your specific business. It can be challenging for companies that have not developed a blueprint before to identify where to start!
The Importance and Purpose of Business Success Blueprinting.
A business blueprint guide for developing your company is created by an outline of what you want to accomplish.
With a business blueprint in place, scaling up becomes more manageable. Knowing the business blueprint inside and out makes it easier to see where changes need to be made or where growth opportunities are existence.
You can also use business blueprints to identify new opportunities for growth by thinking beyond the current scope of the business model you currently have in place.
Other benefits of a business success blueprint include:
·?Increase in business and staff efficiency.
·?Provides structure and guidance on an organizational level.
·?Transparency in the decision-making process for complete team alignment.
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Components Of A Successful Blueprint.
?·?Vison
·?Mission
·?Values
·?Goals
·?Expectations
For a business blueprint to be successful, you have to be clear about several things.?The business blueprint is a document that gives the details about the money machine you’ve invented (the business), and how anyone can make it work.?The business blueprint includes the:
·?????Life Plan
Your Life Plan is the foundation of the business blueprint.?The business is not your life, but it’s a vehicle you use to manifest components of your legacy – this is HUGE!?The life plan ‘begins with the end in mind’. As author, ?Stephen Covey would say by having you look at the most important things you want your life to say to the world, and sets milestones for how you can ensure the message and impact is left behind.
?·?????Organization Chart
It can seem funny to complete an organization chart without having a sizeable organization, but the organization chart is a crucial component of planning before the bottleneck.?When you prepare the organization chart before having an organization, it’s simply for planning and future thinking purposes, but it’s so very important to have.
?·?????Position Contracts
Similar to a job description, a position contract tells you what tasks each position is responsible for, the quality standards, the expected outcomes, who they report to, how the position fits into the company mission and vision, and so on.?Even while you are a small company and wear several of the positions’ hat, it’s still important to recognize what tasks you’re responsible for, consistently document execute them.?When hiring it becomes your job requirements.
·?????Job Prototypes
It regulates what each person hired is responsible to accomplish, performance standards, training, and consistently ‘expected productivity outcomes’.?Instead of abdicating or offloading jobs onto employees,?job prototyping?helps to delegate tasks: providing the necessary training, leadership, accountability, and instruction to complete the job.
·?????Business Plan
The business plan should tell your goals and outcomes you want to see to identify that your business systems are working.?It should give details about?your
1.???Lead Generation System
2.???Lead Conversion System
3.???Leadership System
4.???Management System
5.???Branding System
?Well, that’s all I have for now!?I would like to invite you to join our Client Acquisition Membership Program. Take a look at what we offer. We pride ourselves in our offerings, they will help get you in the right light: https://drlaureen.samcart.com/products/ongoing-coaching