What do we mean by an action-orientated business?
There is no doubt that business planning is important to the success of a business venture, however too often planning either gets in the way of taking action, or is disconnected from the day to day realities of running your business.
An action-orientated business is one that is able to balance relevant and timely planning with day to day activities that move the business forward.
There are four key aspects that can contribute to developing an action-orientated business:
- Understand your customer
- Cash is king
- Balance planning and action
- Understand the risks you face
These will be explored in subsequent posts, however start thinking today about what you can do to become an action orientated business.
Irrespective of the other benefits, particularly around fundamentals such as having happy and loyal customers, balancing action and planning will certainly help in ensuring that you have a stronger business foundation to support any further growth that you will experience.
