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A Vision For Your business Seminar 9th July 2013 Do you have one?

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Presentation on theme: "A Vision For Your business Seminar 9th July 2013 Do you have one?"— Presentation transcript:

1 A Vision For Your business Seminar 9th July 2013 Do you have one?

2 So, Do You... Is your business a fly by the seat of your pants Do you go to work and just see what happens when you get there Do you have any goals or plans Have you sat back and taken a good look at your business Is your business consistent with everything it does, does it have a theme, is your marketing consistent Do you customers know what you do Do you know where your business is heading Forward / backward Where do you want it to be in 12 months Do you have an exit plan

3 Without A Vision You jump from one project to another No one thing to focus on No clarity of what you are doing No purpose in what you are doing

4 “If you don’t know where you are going, you will end up somewhere else”

5 So What Is A Vision? A written picture of what your business will look in 3-4 years A vision answers the question “Why does my business exist?” A vision is a starting point for: Your business plan Plotting your goals Strategic planning

6 Creating Your Vision Writing down your vision gets your thoughts moving Use a large sheet of paper or a journal, draw pictures and write down whatever comes to mind Quiet thinking time & brainstorming Imagine looking at your business in the future through the eyes of a stranger Where is your office How many staff do you have What products or services do you offer What geographical area does your business cover What is your turnover, your profit Who are your customers

7 Share Your Vision Employees Family Business Mentor Advisors Friends

8 Now You Have Your Vision Let’s set some GOALS... Your goals will answer the question: HOW AM I GOING TO ACHIEVE THIS VISION? Set 6 business goals to start, across a broad area of your business.

9 Leaping Frogs “fun, funky & functional”

10 Leaping Frogs Vision Negotiate Distribution Rights for NZ & OZ Relocate to New Zealand Determine customer base

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12 Now For The Goals Create a logo that would stand alone Create a tag line that sold the product Develop a distribution method To have product in at least 60 stores around NZ in 12 months Create a frenzy of activity with a unique product Do this from a home-based warehouse with a 6 month old baby

13 Leaping Frogs Bright Colourful Different

14 Tag Line “fun, funky & functional”

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16 Distribution Method Consignment first 3 months Overnight Shipping NI 2-Day Delivery SI

17 Product in Stores GOAL Product in 60 stores in 12 months ACHIEVEMENT PRODUCT IN 65 STORES IN 8 MONTHS

18 Frenzy Of Activity Home & Garden Leisure Magazine Her Business Magazine NZ House & Garden

19 Set Up Warehouse Yes, this was all achieved from a home based warehouse Yes, Leaping Frogs presented a professional image to its customers Yes, this was manageable along with raising baby and supporting my husbands business Yes, in the first 12 months the product range increased to over 500 products And no, no-one was hurt in the making of this business

20 GOALS ACHIEVED What next?

21 ACHIEVING GOALS Don’t set huge goals Break them down into small achievable ones Frame your vision - so you can see it daily Record your goals and action steps Recruit a Business Mentor

22 Business Mentors Where else are you going to turn? They’ve “been there, done that” It’s usually free Expand your social network A trusted, long-term relationship

23 As you can see, the rewards are many, and the risk is non-existent. You have nothing to lose and everything to gain by finding a good mentor. Every entrepreneur should have one.

24 Summary Include yourself in your vision Where do you see yourself in 3 years What will your role be in your business How many holidays a year will you take How many hours will you work What will your income be Where will you be living Who will be your mentor or advisor

25 Remember! The world makes way for those who know where they are going!


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