Business management and proper planning is the key to success as a female entrepreneur. However, some female entrepreneurs don’t choose to take action and prefer to be reactive. They just wait for things to happen on their own. They are unmindful of the fact that if they do not set targets, they can’t change the course or direction of their business.
According to an article by the Harvard Business School, the root cause of every business disaster is mistakenly pursuing short-term goals ahead of long-term ones. This is why female entrepreneurs need a plan or a direction to go to for the foreseeable future, instead of just focusing on short-lived strategies. Long-term plans will help you achieve your goals and targets by showing the path on what to do and how to do them.
Business planning starts with setting targets. After you are done with that, you must also look into how you can achieve them. Knowing the first step is the most important part. From there, you will be able to figure out what you will need to do next. If you’re uncertain about your initial steps, you can ask yourself the following questions:
These are just a few things that you can plan. When you’ve answered these questions, your targets will be clearer and you can draw up your plans from there. If you need more help with this, you can always consult a business coach for women for valuable advice.
When you are coming up with a business plan, don’t keep things too rigid. When a business plan is too tight, it leaves no space for new insights or actions. Let’s face it, life is unpredictable. Things don’t always go as planned, and there are circumstances that are beyond your control. When this happens and you don’t reach your target, it doesn’t mean that you failed and there’s nothing more you can do.
As a business coach for female entrepreneurs, I can assure you that this is not the case. At the very least, you can learn from these setbacks. Evaluate and figure out what isn’t working for you, and then adjust your plans accordingly. Keeping your options open will not only keep you going, it will also make room for more opportunities that will help grow your business.
Many female entrepreneurs are too occupied with day-to-day tasks, routines, or short-term goals to even think about planning for their business in the long term. But if you don’t know where you see your business in one, two, or five years from now, how can you properly manage your business? How will you know what steps to take if you have no direction to take your business to in the future?
This is why it’s important to take the time to visualize your ultimate goal or end result. Otherwise, you will just keep making plans that are all over the place and with no contribution to the overall growth of your business. Making long-term plans may seem difficult, but these will steer your business towards the direction you want to take your business to.
If you don’t reach your goals right away, do not be discouraged. Commitment is key to ensuring progress and growth, and staying focused on your targets despite hurdles will keep you on track to achieve them. Keep learning, keep adapting, and keep going at it. As in any goal, may it be personal or for business, dedication can be the difference between short-term accomplishments and long-term success. If you want to learn more about scaling your business, you can check out this article.
Making and achieving short-term plans will give you the momentum and drive to grow your business, but committing to long-term plans will make sure that your business continues thriving. It’s not enough to set easy goals and hope for the best. Female entrepreneurs need to be in charge of the direction they take their business to. If you want to succeed and scale your business, you should start making long term plans now.
If you’re a female entrepreneur looking for extra knowledge and expertise, look for a good business coach for women because there are many out there who never even had their own business. This advice could make or break your business.
How do you know if someone is a good business coach for women?
My name is Tineke Rensen and I am a business coach for women. I host monthly masterclasses about various business topics.
The next masterclass is on the 17th of June. The topic of the next masterclass will be: Planning and Setting Goals for your Business. You can also check it out here.
For the first class, you only pay 1 euro ($1,20), so it is safe for you to check me out. Afterward, you decide if you’ve learned something and whether you want to continue to become a member for 47,- euro/month (with a lot of extra benefits). Or you just move on.
If you want to take it a step higher and work with me one-on-one to build your one-woman gig to a proper business and double your income within a year, without spending a dime, click here now to get started.
Tineke Rensen of Powerful Business Academy has been in business for 31 years. She built an international Outdoor and Survival business from scratch and sold it after 22 years.
Tineke was also a national whitewater kayaking champion.
She now is one of the most all-round business accelerators and mentors you can find. She helps businesswomen to “Scale & Grow, Make More Impact And Work Less.” There are very few topics she cannot help you with in your business. Many people find this hard to believe, but hey, how much do you think you know about scaling businesses if you live it day and night for 31 years?
You can call, email or send a direct message for a response.