When you complicate the business plan, you will never be able to focus on a certain key area of your business. For example, if you complicate the sales strategy, your sales executives will definitely start making chaos instead of putting a unified effort for achieving the target.
In business, irrespective of its size, simplicity is the main factor for almost all the aspects. You can maintain a focused vision by keeping the products with minimum viable options. A concise business plan can guide the investors to come up with marketing strategies.
Identify and Remove the Unnecessary Stuff: This is the first stage of simplifying your business plan. You should recognize the unnecessary complications and should remove them immediately. If you think that your plan is already simplified, ask your friend or colleague to go over it once again, For example, if you are creating a sales presentation, then there may be some unnecessary slides that are required to be removed. Similarly, when you have written a business plan, and there are functions or demographics not essential for your main business functions, you should immediately take efforts to remove them.
Identify the Central Goal: You should try to identify the main goal of your business. What are the goals that you want to achieve? If your business is about providing financial solutions to the individuals, but your plans are also including some soccer lessons, then you will surely face difficulties. Anything that is not contributing to the central goal should be eliminated for improving the focus of the business.
Split Your Ideas: Sometimes your ideas may seem too huge for a single plan or a strategy. In such cases, you should split your ideas. In the previous example of the financial advice and the soccer lesson, clubbing both of them will be difficult. But if two different strategies can be developed for two different ideas, then the ventures can be successful. If you are truly looking to provide both the services, you can go by offering them individually. For differentiating the main goal, you can even use the strategic setting. For example, your marketing section can be divided into two separate divisions like the inbound and the outbound and both of them can have separate strategies. Instead of a single annual plan, you can split into different quarters for your convenience.
Elevator Tests: Just like an elevator, business plans have various stages of elevation. Business plans can be reduced to simplified sentences. The elevator pitch can be used as sales tool and the elevator tests can be used for simplifying your ideas. When you can explain the whole concept in just three sentences, it is better to cut out the extra and unnecessary stuff.
Separate High and Low Level Items: Sometimes work gets complicated if all gets mixed up. You can simplify by separating the high and low level items. Instead of clubbing all the plans together, the elaborate details can be explained in various steps. A high level plan can be created and then it can be sub divided into various short term plans. Without losing your focus on the main plan, the smaller details should be considered with full concentration. This helps in simplifying the plans without hampering the high level plans.
In most of the cases, simplification of business plans will always work in your favor. Even if you observe that the idea is concise, you can still work for simplifying it. Curtailing extra details will always help you concentrate on the business strategies in a more professional manner.
Author Bio: James Anderson is a well known debt analyst who works in a debt relief organization. In this article, he suggests some business simplification plans for the entrepreneurs.
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