Writing a business plan is to a business’s success. But even a well-crafted business plan can be challenging to execute. To solve these issues and to ensure success, actively involve your employees from the beginning of the planning stage.
In this blog, we will discuss why and how to involve your employees in writing a business plan.
What is a business plan?
A business plan is a strategic document that outlines what it is you plan to achieve; how you are going to achieve it and can also include timeframes. Business plans can also help attract the right candidates, suppliers, or investors.
Engage your employees
A key component of a business plan that is often overlooked is feedback and/or engagement from your employees. Businesses that do not involve their employees in the process of developing their business plan or businesses who do not engage employees with the plan, can have inconsistencies in the plan, execution problems and commitment issues.
Businesses that do not involve their employees in the process of developing their business plan or businesses who do not engage employees with the plan, can have inconsistencies in the plan, execution problems and commitment issues.
Employees want to have buy-in; they want to be heard and be able to contribute to the overall plan of the business. Employees also want to understand how their role and responsibilities contribute to the overall plan and achievements of the business. By engaging employees in the process, you are promoting a culture of accountability and ownership.
Employees are the operational achievers for the business; they are at the coalface and have relevant information and data from all stakeholders. They are in the position to have a thorough understanding of what the common themes or challenges being faced are, as well as being the ones with direct contact with clients or customers. By asking for employee feedback during the planning process, your business plan will encompass all factors that can impact success.
Communicate your business plan
Once the overall business plan is developed, communication and implementation are crucial. Implementing and communicating the business plan should not only focus on the delivery of the key messages but the development of action plans and objectives for individual roles. Providing teams and employees with opportunities to decide how they will achieve aspects of the business plan, can build trust, creates a culture of accountability and ownership, and encourages problem-solving.