What are the steps for creating an action plan for your business strategy?

Baskar Sundaram
Baskar Sundaram

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Behind every success story is an even more successful plan. In a business when formulating an action plan to attain a goal for the coming year it is necessary to delegate tasks and have a clear idea of who will be doing that job, and what the timeline for said-task is. The action plan is typically created at the end of the strategic planning process, after you’ve set out your vision, done a SWOT analysis and established objectives.  

Here are the steps for creating your action plan. 

1. TeamWork

The more you involve the people on your team in the planning of the task, the more invested they will be in its ultimate success. The more time people spend working on something the more emotionally invested they become in seeing their projects success. Also, by involving people from the ground-up you can get a variety of opinions from people from all different levels of the company who may encounter and see things management may not be directly aware of and new places for improvement.  

2. Clearly define & delegate tasks

Different tasks should be kept separate and worked on by divided groups. This will help to avoid confusion and also facilitate focus. Also, appoint a person to be in charge and take responsibility for their team and let them know what resources are available to them and what they can work with.  

3. Set deadlines

Once the different tasks have been established a timeframe should be set to prevent procrastination. If there is no clear end time a task can be daunting like it may never be completed. By breaking it down into timed intervals a task can be completed on schedule without stressing out one person. 

4. Follow-up

Make sure that tasks aren’t just delegated and forgotten about that people are constantly being followed up with. This can be regular check-ins, or meetings to make sure milestones are being met. 

5. Be Transparent in your Communication

Another key to a successful action plan is good communication. Make sure that everyone knows what is expected of them to prevent any friction within the team. By facilitating open communication from the very beginning of the planning process people will always have a clear idea of exactly what they need to do.  

6. Be Consistent

Lastly the most important step is to maintain momentum. It’s hard to stay disciplined and motivated once the initial hype of starting something new has worm off. Staying motivated during the lowest points is where the difficulty really lies. Making a plan and working out the logistics is only half the work; actually implementing it is the other half. After the assigned deadline is up analyzing the action plan and improving it for the next time is a sure-fire way to have a successful business

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