Goal Setting, Strategies, Success

Do you know what a business strategy is?


A business strategy is a plan, a decision, a choice, and a guide used to benefit your company.  The benefits are measured by terms of: success, profits, popularity, and growth.  A business strategy must be very well-defined, so it can be implemented properly and display positive results.

As a company grows and evolves, these strategies should be regularly evaluated. There are two kinds of strategies that business challenges typically fall into.

1 – Theoretical Strategies: strategies that come up while brainstorming.  They are not yet implemented. And they involve a wide range of outcomes.

2 – Practical Strategies: the strongest theoretical strategy that is selected for implementation during the brainstorming sessions.

It’s important to have a clear vision.  When focusing on executing a single strategy, success is much greater.  Strategies help improve areas of business that need more work.

Benefits of strategies:
– Profits will be maximized
– Cash flows will be smoother
– Resources can be used more effectively
– Employee productivity will improve
– Customer perception will improve

Always remember…strategies should change with your business.  They should also reflect the mission and goals of your company.

rsz_2018-headshotActionCoach-logo


If you would like further information or you have any questions about this blog, you can email me at pjweiland@actioncoach.com or call 847-739-3079.

Build a Business image 3 (small title)

To register for our complimentary workshop, How to Build a Business you can Sell, visit www.actioncoach.com/pjweiland. Let’s work together to help your business grow.

This entry was posted in Goal Setting, Strategies, Success and tagged , , , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *