These are the seven specific areas you need to consider in your franchise prototype process:
- Primary Aim
- Strategic Objectives
- Organizational Strategy
- Management Strategy
- People Strategy
- Marketing Strategy
- Systems Strategy
These seven areas will fine-turn your plan for the ultimate level of success. In this post, we are going to cover the first three.
Primary Aim
It’s essential in business development to set goals and see a vision for the future. This needs to go beyond the business, and you must think about what you want out of life. What do you dream about? How do you see your success unfolding? Knowing and understanding these things will give you the momentum to get started and the stamina to see it through. Even take a minute to write them down and tape them to your desk for a constant reminder of what you’re aiming for.
Strategic Objectives
These are essential in taking your business from surviving to thriving. All of these objectives should offer solutions for how to get to your primary aim. There are many things you can use to set strategic goals, but here is a couple of the most popular:
- Money: Setting monetary goals is a powerful yet simple way to see how you are doing at any point in the game. It’s easy to measure and easy to find adjustments to help meet this goal.
- Worthy Opportunities: When considering partnerships and other business opportunities, you need to consider whether they will help you reach your primary goal. Those that will are the best opportunities to consider seriously.
The key to setting standards and goals is not to limit yourself or stress yourself out. It would be best if you found some quantifiable things you can use to measure your progress toward your primary aim. These are just two suggestions, but make sure no matter what standards you set, you are paying attention to the details, as these are one of the biggest keys to your success.
Organizational Strategy
The strength of your organizational structure can make or break your business, so creating a solid frame for your business to grow from is essential. Generally, a company is organized around the roles and responsibilities that need to be taken care of daily and the personalities that need to fulfil those roles.
No matter what roles and responsibilities you’ve defined for your employees, you must keep your primary personal aim separate from your company’s mission statement. Once you’ve identified the primary objective for your company, it will be easy to set up a position structure that will work.
Don’t forget to put together position contracts. Your employees should sign a statement of their roles and responsibilities, which helps keep them clear for you, the employee and other employees/vendors or other individuals.
You can see how these areas all work together to build a solid structure for your business. If you need help defining any of these areas, you can check out the resources and tools and speak with one of our fantastic coaches during your FREE test drive.
