Why Planning Early Is Crucial to Success
Most of us have probably heard that old saying, “If you fail to plan, you plan to fail.” There’s a lot of truth in that, even if we don’t always want to admit it. Planning—whether you’re planning for a new business, planning for an existing one, or just trying to manage life goals on the horizon—is crucial to success, as exciting as it is. Let’s face it: We all love the dream stage. Thinking about how things will be once the initial work is over is fun. The nitty gritty details of planning how to get from the dream stage to the realities of success? Not so much. Yet there are very real, very important reasons why planning can make or break any dream.
1. Planning provides specific goals/objectives.
Brian Tracy invented the six P formula for personal and business success: “Proper Prior Planning Prevents Poor Performance.” Not surprisingly, his very first suggestion for ensuring success is to organize your thinking. J.D. Meier, bestselling author of Getting Results the Agile Way, states, “…planning helps organize your thinking, shape your future actions, and prepare for the good, the bad, and the downright ugly.” It’s true. Planning results in specific goals or objectives that everyone in your company can look to as guiding principles for both the big and the little decisions that must be made daily.
2. Planning allows for more control.
The more control you have over a situation, the easier it is to handle. By carefully planning the actions you will take, you remove a lot of the guess work from a situation. You can identify potential flaws in your plan or your execution and correct before they become impossible to manage. Kamran Akbarzadeh, founder of Dream Achievers Academy, notes, “Without proper planning we would not be ready to respond to challenges.” He goes on to say, “Planning ahead helps you and your organization become assertive in taking risks and saying no to either conservative or aggressive approaches.” If we are in control of our path, we have a greater chance to succeed.
3. Planning streamlines/makes us more efficient.
This seems like a no-brainer. Having a plan eliminates waste. Of time, of money, of resources, you name it—planning is the efficiency tool of choice. A little time spent planning how teams will be built, what resources you should focus on building this year, or even how you will spend your time can lead to massive payoff in the end. Take the time now to plan how best to utilize what you have so you’re not scrambling in the future.
4. Planning helps identify potential challenges.
There’s nothing like planning for every eventuality. The best asset of planning is time. Proper planning means having the time to think about every possible outcome and to identify what steps can be taken to combat and overcome each challenge. The absolute best factor to take into account when planning is that your plans will change. By taking some time now to identify how your plans might change and what strategies you can implement when life throws you that curve ball, you can save yourself some serious headaches later.
5. Planning strengthens teamwork.
Truly, the bedrock of any organization is the people who work there. Planning fosters an innate ability to build the best teams and to provide them with the framework in which to succeed. If every member of a team is fully aware of the plan and its implementation, they can more efficiently and effectively carry out their duties. In addition, when everyone knows the plan, it’s much easier to figure out how to make individual contributions fit the planned whole. In 2013, Johns Hopkins Medicine (JHM) implemented its first ever five-year strategic plan. Reflecting on its success in 2018, Dean/CEO Paul Rothman said, “A strategic plan is only as good as the people who execute the strategies, and faculty and members across JHM embraced the plan and did their part to make the vision a reality.” The team members at JHM knew the plan and were able to keep it in mind when working their individual parts. The plan was such a success that JHM launched a second five-year plan called Innovation 2023.
Planning can make or break a business. It’s important to plan, to plan early, and to reassess the effectiveness of the plan often. Remember, no plan is perfect and there will be eventualities you just can’t imagine. However, knowing your objectives, having confidence you have the right team and the right time, and feeling in control of every situation are exactly how early planning allows us to overcome and succeed.
For more information on planning early and why it’s a good thing, check out the following articles:
Dream Achievers Academy | “Six Reasons Why Planning Ahead Matters”
Johns Hopkins Medicine | “The Benefits of Good Planning”
Sources of Insight | “7 Advantages of Proper Prior Planning”
Cliffs Notes on Planning
Management Study Guide
CEO SPOTLIGHT
How Vacation Planning—and Family Memories—Made a Successful Business
By: Meredith Flory
When Regina Edry moved back home to Augusta, Georgia from Ohio in 2016, she did not plan on opening her own interior design business and becoming a “Superhost” for Airbnb, yet now her business is focused on helping people plan their travel, sell their home through staging, and make other property decisions.
Working as a caretaker, she owned a home, but she wasn’t spending a lot of time in it due to often working nights. Inspired by Gammy, a spunky elderly woman she cared for who taught Edry how “attitude is everything,” and encouraged by her mother Kathy, a business owner herself, Edry decided to rent out her “cute little house on the hill.” As Edry began to have more and more people interested in staying in the rental home, she gradually moved in with her mother and purchased another property to renovate and rent out.
Edry’s father passed away unexpectedly a few years ago, but it was his influence of making memories for her family that motivated her to be a hostess who connects with her guests. She now owns three rental properties and puts flourishing touches on each to make every stay feel special. She recalls that when she was in high school, her dad decided the family would take a trip for Father’s Day, and the family decided to rent a home on Jekyll Island. It became a twenty-year tradition for her family, and Edry remembers the joy and expectation she and her siblings had of staying at a property each year and looking through the art, bookshelves, and decorations, clues to unraveling the mystery of who the families were that owned these homes. Continuing these stays has been a way for her family to “see our dad everywhere” as they visit his favorite places on the island. Now, Edry wants to “take care of guests in a personal way” that helps their own families make precious memories.
In fact, she does have people rent from her multiple times, and she says that renting a guest house through a company like Airbnb, or other forms of staying with a host, allows you to experience a community in a more close-up way than a traditional hotel stay, whether it’s for business, a family vacation, a getaway with friends, or another travel need. For example, Edry has gotten to know a family that has stayed in one of her properties seven times as they’ve needed to be in the area for their son’s medical care, and she is praying for their son’s health with her own community.
Did You Know?
Planning is incredibly important, especially when it comes to managing all the moving parts of a small business. Whether you’re trying to get your ducks in a row to start your dream business or are looking for ways to help keep that beautiful business going, Powerhouse has you covered. From starting your initial business planning, to preparing for conferences or team building, to refreshing and “spring cleaning,” we’ve got it.
Check out our Resources Page for lots of helpful tips and strategies to make planning one of your favorite things.
MARKETING BUZZ
Three Ways to Keep You and Your Business Organized When You Work from Home
By: Rheanna Bernard
Trying to keep yourself organized, especially when you work from home, can be tricky. Distractions come easier with family, kids, or just the house in general being right there. It’s easy to say, “Oh hey, let me just do this cleaning,” or, “Maybe I’ll just take a second to organize this.” On top of distractions, you have the organization factor that is a little different when you operate your business outside of the traditional workspace. Working from home can give you so much freedom, but sometimes you have to work a little harder. Here are three ways you can look at to keep yourself organized and less stressed.
- Use a scheduling system.
Finding ways simply your life can help keep you organized. Using a scheduling system like Buffer or Hootsuite to schedule out social media posts can allow you to plan out a week or two ahead, saving you time in the long run. Buffer and Hootsuite both offer free options so that you can test out which set up works best for you. Both enable you to post to Twitter, Instagram, LinkedIn, and Facebook all in one place. Setting aside a specific day of your month for scheduling can free up your other days to focus on interacting with your followers without worrying about what you’re going to post that day.
BUSINESS ETIQUETTE
Seeing 2020—A New Protocol for Strategic Planning
By: Julie Kirchner
As the last quarter of 2019 approaches, business teams the world over will turn to planning for the next full year.
We will dig out or print multiple copies of our calendar, annual strategic business plan, marketing plan, and budget. We will sit around big conference tables (physically, or virtually and metaphorically) with on-demand coffee and individually wrapped chocolates, surrounded by giant post-it papers on the wall and rainbows of colored markers.
Sorry to interrupt all that inspiration you were feeling just now. Umm…call me crazy, but I’m fairly certain this is not the magic fluff that wildly successful companies are made of. (Unless you’re in the business of giant post-its or colored markers, of course.)
It’s time we cleared things up with a 2020 prescription for our “Vision.”
We’ve always done it this way. We thrive on flexibility and new ideas.
POWERHOUSE SERVICE & SUCCESS
Client Profile
“Jessica and her team are willing to listen to our ideas and help us go in the direction that best serves our veterans! They are willing to help in areas that are beyond contractual need as well. The team’s communication is succinct, timely, and focus-driven. Thank you!”
– Adena Vaughn, Director of Human Resources, Operation: Job Ready Veterans
