How to create a Strategic Plan for your small business. Use a Strategic Plan to set your goals, objectives and initiatives for your small business.

Show Notes Page: https://www.thehowofbusiness.com/r504-strategic-planning/

In this episode of The How of Business, host Henry Lopez dives into annual strategic planning - a critical tool for small business owners to achieve growth and long-term success.

Strategic planning helps you align your goals, allocate resources efficiently, and create a clear action plan for the year ahead.

Here’s what you’ll learn in this episode:

• Why Strategic Planning Matters: Understand the benefits of having a focused and adaptable strategy for your business.
• The Key Difference Between Strategy & Planning: Learn how a clear strategy drives your planning process and positions your business to win in the market.
• 10 Steps to Build an Effective Strategic Plan: A comprehensive framework covering everything from reviewing the past year to setting goals, defining KPIs, budgeting, and adapting quarterly.
• Actionable Insights & Examples: Get practical tips to simplify your planning process, even if this is your first attempt at creating a strategic plan.

Free Resource: Download the Annual Strategic Plan Outline to guide you through the process from the Show Notes page for this episode.  

Whether you’re an experienced business owner or just starting, this episode will help you focus on what matters most, measure your progress, and achieve success in 2025.

This episode is hosted by Henry Lopez. The How of Business podcast focuses on helping you start, run and grow your small business. The How of Business is a top-rated podcast for small business owners and entrepreneurs. Find the best podcast, small business coaching, resources and trusted service partners for small business owners and entrepreneurs at our website https://TheHowOfBusiness.com