SOUTHBURY, CT--(Marketwire - Jan 7, 2013) - As 2013 gets underway, business owners should reflect on the past year and begin to formulate a plan of action for the New Year. Getting a good sense of what worked and what didn't will be valuable as business owners approach their 2013 business plan for continuous growth in their business, says AdviCoach®, a leading coaching and advisory firm serving business communities nationwide.
"At the beginning of each new year, business owners often come to a business coach from AdviCoach because they didn't create a solid business plan in the previous year or they created an unrealistic plan that didn't bring in positive results," says Brian Miller, COO and president of AdviCoach. "It's vital that business owners develop an actionable plan with specific goals and objectives that support their financial and performance targets."
AdviCoach says writing a well thought-out and organized strategic plan dramatically increases a business owner's odds of creating a great financial year. However, the basics are simple. Business owners should start by doing a review of their business' Strengths, Weaknesses, Opportunities and Threats (a SWOT analysis). Once the analysis is complete, they can create goals and objectives, prioritize action items and identify the measurement tools needed to gain insight as to how they are meeting their goals.
"We call this moving your business into Your Business 2.0™ realm," says Miller. "It's basically taking a serious look at the state of your business by defining certain characteristics and then acting on them." Business coaches with AdviCoach specialize in helping business owners remove their blinders about key issues, see their role more objectively and make fact-based decisions to increase organizational performance.
"Time spent today on revitalizing a strategic business plan, creating and then adhering to short and long term business goals, and identifying new opportunities like strategic partnerships will all add to positive ROI growth for 2013," says Miller. "Set key performance indicators (KPIs) that measure performance on such things as quarterly profits, cost savings, and customer retention," Miller adds.
To learn more about AdviCoach, please visit www.advicoach.com.
AdviCoach® is the premier source for business coaching and advisory services customized for small to mid-size businesses. AdviCoach coaches help independent businesses to Franchisitize® their business by deploying systems and strategies that benefit franchise companies, therefore increasing ROI and the bottom line of their business. Today, AdviCoach, along with sister company The Entrepreneur's Source®, dominates the $1.5 billion dollar Business Coaching/Consulting franchise market with 33 percent market share in North America. In 2011, AdviCoach was ranked in the top 100 fastest growing franchises by Entrepreneur Magazine; in the Top 100 new franchises by Franchise Market Magazine; listed in the Franchise 500 by Entrepreneur Magazine for three consecutive years as a Top Home-based Franchise, Americas Top Global Franchise, and AllBusiness.com's AllStar Franchises list. More information is available at www.advicoach.com
AdviCoach® is a registered trademark of AdviCoach Franchising, LLC. All rights reserved.