I am sometimes a bit surprised when I hear from Business Owners that they do not want to grow their business. I can be fairly competitive, and hearing someone say that they are happy with their business at the size it is now causes me to stop and wonder. Why would any business owner not want to grow their business?
The next step in your Simple Business Plan is your process (Part 6). Your Process is how you do things. It is the methods and values, by which you produce a product or provide a service. Consistency in your process promotes consistency in production and service. You have the same quality for each item you produce or provide. How do you ensure that you have consistency in your process?
In our Third Article in the Workforce Planning Series we discuss how all plans have a beginning, and certainly Developing a Workforce Plan does. How You Develop A Workforce Plan is not as simple as waking up one day and deciding. “We are going to have a workforce plan.” It requires careful thought and yes, planning to plan. Previously I shared that there were but 6 steps in the process. The first of those steps was “Develop a Business Strategic Plan.” Hopefully, your business has one, for, without a Strategic Plan, your Workforce Plan has limited value. Once you have your strategic plan we get to our actual question, How Do You Develop a Workforce Plan?
It starts with an understanding…
Bob, (not their real name), is a business professional in NE Wisconsin. I’ve known Bob for about five years and admired his professionalism and approach to business. I was surprised one day by a phone call from Bob. It seems Bob was having performance issues with his Business Coach. As a Business Coach myself I occasionally receive calls of this nature, Business Professionals unhappy with their Coaching relationships and wanting advice. Bob was different because we had been friends for years and I never knew he was working with a Coach.
Bob was unhappy.
If you don’t want to plan your exit from your business then don’t. It’s that simple. However, that doesn’t mean you shouldn’t work on your business. Work on your business to make it more productive, more efficient or as I like to say, help make it recession proof. Being prepared is part of being successful at business.
With Baby Boomers owning most US Businesses it is understandable that the focus of many business consultants is to focus on helping them transition their businesses to others. Why wouldn’t they, with roughly 10 trillion dollars of business involved it only makes sense. But Baby Boomers don’t own everything, and not all Baby Boomers are thinking of retirement. We are living longer than our parents and Grandparents so staying in the business longer also makes sense. The youngest Baby Boomers are about 53. They could have another 20 or 30 years of working life left if they choose. Their businesses need to do things too.
If you don’t want to plan your exit, what should you do?