Every business owner has had to create a business plan at some point but after creating it how many business owners actually use their business plan on a daily basis or even look at it?
Our Director Matthew Gambold introduced the 1 – 3 – 5 Action Plan to the ChadSan team after the creator of the plan Pete Wilkinson presented it at the Academy of Chief Executives. This was a pivotal moment in the business not only to give ChadSan a clearer view of the future but for the teams within the business to focus on personal growth.
The 1 – 3 – 5 Action Plan opens a gateway for the team leaders to create and fulfil goals in order to develop personally and professionally.
Below is an example of how the 1 – 3 – 5 Action Plan works…
Linking short-term goals to a long-term objective. Looking 5 years into the future is impossible, but setting a pathway to get there can make it seem more realistic for a small business.
A small business may not have employees dedicated to focusing on a business plan. A 1-3-5 plan is more effective for managing time spent on the future of the business.
Growth can manifest from a small change in the core objectives of the business. Managing growth can ensure it is consistent and long-term.
A small business can be affected by the quick-changing economy. A 1-3-5 plan is flexible to meet the changing demands of the market.
Compared to a full business plan, the goals of a 1-3-5 plan can be moulded to employees and teams. This is beneficial for small business’ as they have the ability to focus on individual areas.
