I'm teaching my team to complete strategic plans for 2019. Wanted to share with other entrepreneurs.
SWOT Analysis should be completed annually on your company. You typically want to complete it at least 30-45 days before the year ends. It helps you complete a Strategic Plan for the following year.
Most companies complete a 3-5 year strategic plan and review it annually for updates. That’s those fancy retreats your CEO and Executives go off to. With a small business like ours, an annual strategic plan is good and you should review it quarterly.
Short Example:
Strength
What do I do well?
- I'm consistent with my Live
- My shares and views continue to increase
- I add at least 3 BPs monthly
Changes? Add at least one additional weekly live
What does my team do well?
- Great leaders
- Rank faster than most
- Go Live consistently
- Particpate in challenges
Changes? More internal training from Bling Bosses leadership
Weakness
What can I do better?
- Add more bosses as Facebook friends
- Use back office email more
- Try to acknowledge more new team members
Changes? Pick a time of day to get these done
What can my team do better?
- Plug in faster new recruits
- Use interest calls more
- READ terms and conditions
Opportunity and Threats you think long and hard about. Each one should have at least two ACTION STEPS to resolve with time frames to get them done. Those are detrimental to your business