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  • Writer's pictureYin Lau

5 Key Steps to Developing Your Successful Business Strategy

Strategy is one of the most important success factors for your business. ⁠When you're starting up a business, it is important to follow the correct steps to ensure success.⁠ For many business owners, what is defined as the "correct steps" can differ across the board depending on your industry and your offering. However, it is important to know there are tried and tested fundamental systems and strategies that have proven success rates. ⁠

Every successful business needs to have:⁠

1 - A VISION - a key component to advancing your business. Without a clear vision of where you want to go, you may never be able to reach your goal. Not only do you need to visualize the outcome you want to see, but a strategic plan can help you implement what you need to reach your goals. 

2 - The PLAN to implement that strategy. Make sure you have a plan. Only a tiny percentage of successful people go running in headfirst with no specific plan and come out winning on the other side. ⁠Do your RESEARCH, keep your MIND OPEN, ideas flowing and then double down on your FOCUS. Bounce your ideas, strategies, processes with those who have done this before. Ask your peers and mentors for advice and things to avoid. It can save you hours, days, if not weeks of wasted time. ⁠ 

3 - THE RIGHT PEOPLE to put your strategy and plan into action. ⁠When you stop and think about it, the pieces on a chessboard are quite similar to the departments or members of your team: they each have a different function or skill, they all have the same goal, and they all work together to put a strategy into motion and move forward successfully. Every member can make a real difference...even a pawn! ⁠Building a great team can be a long process. Contrary to popular belief, it is about more than just putting together a team with complementary skill sets. ⁠It is also about finding people who will work well together. 

⁠4 - STRONG FOUNDATIONS and robust processes are imperative to sustain the momentum of a growing enterprise. Your values and operational frameworks serve as the bedrock upon which success is built and sustained.

We all know it's never as simple as this! Even with all the right information in hand and access to resources, the process of putting your game plan into play can be overwhelming and confusing. As a business owner, you might be in a situation where you have spent the time and money on developing a strategic plan for your business but now you are at a loss as to how to implement it. ⁠ Imagine sitting in your car with a clear destination in mind, a road map in your hand, and no idea how to read that map. Does this feeling resonate with you?

At YES, we understand that whether you’re executing a business strategy or marketing strategy, either can be very overwhelming. That's why we're here to help you get started, we can build your processes, streamline your processes, and strategically focus on tasks that are a bigger priority to your success, so you can focus more on growing your business. Whether you're a start-up, entrepreneur, or a seasoned business owner, our team can provide you with the support you need to take your business to the next level.

We can help you to decipher your plan and implement it.⁠ Reach out to us if:

✔️ you need help implementing your business strategy

✔️ you need help implementing our marketing strategy

✔️ you need help putting a strategy together

⁠Our personalized approach ensures that we understand your unique needs and goals, so we can get to work on implementing your strategy, so you can see results. 

Let us take the hassle out of executing your business and marketing goals. We can help you develop your strategy, put your strategic plan into action, build your dream team, and manage your growing business. 

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