Tips to create a strategic Annual Plan:

  • The annual plan must be in line with the corporate vision, mission and long-term goals.
  • Understand better about yourself and the market to create the most suitable and competitive annual plan.
  • Develop a plan that is flexible and adaptable to environmental change.

2023, Happy New Year!

It’s a new beginning! A fresh start to plan your goals in 2023, especially for all bosses out there.

However, the annual planning is not just a list of goals like “what is the yearly sales target?”, “how many branches will be expanded this year?” etc.

The annual plan should be based on the corporate visions and long-term goals to ensure the business is growing on track gradually. Hence, the plans should be executable and measurable for long-term monitoring.

Developing a good annual plan is not an easy task to do, but having sufficient understanding of yourself and the market trend, especially the target audience and corporate behavior, analyzing various internal and external information at the same time could ensure that it is on par with the business strategies and directions consistently.

Annual planning and business strategies vary based on each organization. Thus, there is no standardized format/ template or theory for it but we are happy to share some important tips for yearly planning as below:-

1. Set Realistic Goals

The goals you set should be practical and avoid setting too many goals at once, or else the ‘over-planning’ will take up huge resources (manpower, materials, expenses etc.) for each company to achieve the targets.

Hence, the company should identify and hit the balance by setting realistic yet challenging goals. It helps to check the ability and risk level for the company to achieve the goals.

Premium Photo | Teamwork hands paperwork and planning annual report data research and business budget in office company people giving documents in strategy meeting graphs analytics and financial stats progress

2. Set up goal first, then follow by strategy

Annual planning is to formulate a yearly business strategy for improvement and growth, or to resolve company issues based on the market trend and corporate core values. The suggestions and proposals will be compiled and formulated as an executable plan.

For instance, the yearly target is to achieve fitness/weight loss. The first action to be taken should be understanding your health/physical condition and financial status (if you are planning to hit the gym). Secondly, is to arrange your own schedule, including dietary plans etc.

There are friends around who have participated in fitness courses, and there is a tailor-made weight loss plan that suits your physical fitness and ability. So, the next step is to execute this plan. Same goes to corporate’s annual planning which requires evaluation, planning and execution.

3. Develop strategies to make your business more competitive

We would like to remind all business owners to take the followings into consideration when setting up strategies:

First, the business goals and strategies must be adaptable into environmental change. For instance, the plan should be able to respond differently as when the current pandemic becomes better or worsens.

Second, the plan should make your business become more competitive in improving customer satisfaction and resources such as financial control, business development and management structure, instead of fully focusing on business expansion aggressively.

Third, focus on your business’s strengths and how you are different from your competitors. For example, if you are driving a tiny car but your wish is to have fast speed as a racing car (goal), then you would modify the car (strategy) to improve the performance. However, it will still not become a racing car no matter how much modification has been done. This explains that the driver is setting up his strategy based on his weakness.

Fourth, the strategy also provides a clear direction to help grow a business in a given way once the goals are achieved.

Fifth, whether the company has a clear benchmark (past performance or other competitors’ performance) for evaluating the efficacy of the strategy when it is implemented.

4. Setting up good annual plans take time

To set up good annual plans, be patient as it takes time doing research, evaluation, arrangement so we do not expect it to be completed in just a few hours… even an established organization could take a few months time to complete their annual planning.

So, no worries, you could start planning now since the new year has just begun!

We hope that the above mentioned could be your best reference in making annual plans although there is still a lot more to explore and understand better to develop effective plans.

Please do not hesitate to contact us if you need further assistance in building up your annual plans: info@3sadviser.com | Facebook | LinkedIn .

Any questions? Contact Us!

If you would like to understand better about Business Process Development & SOP optimization, please drop us message at:

info@3sadviser.com | Facebook | LinkedIn | Contact Form

每一年,都要做“年度计划”!

老板们,在为新一年设下目标制定年度计划(Annual Planning)时,必须注意这几件事!

《NO.1企业家》电台访谈:做生意一定要懂SOP(Standard Operation Procedures)!

想必老板们都希望员工们能自动自发开工,日常运营能顺利吧!究竟SOP能如何为企业进行冲刺?点击收听《NO.1企业家》访谈特辑,让你更懂经商之道!

不懂SOP?做好这4件事,打造成功企业之路!

无论小本生意或大企业,制定标准作业程序(SOP)是不败的运营秘诀,只要做好这4件事就对了!

Strategic Planning

In the previous...

What to do if the employees fail to meet KPI goals?

Do you know what’s important to enhance work productivity and performance after implementing good SOPs for your business? Measure performance by setting up KPIs!

写好SOP,竟然能留住员工?

人才是企业最重要的资产,但日日“猜老板心思”的公司,真的能留住员工吗?究竟留不住人的原因,为何?

公司最忌讳 每个部门“各做各的”!

员工忙到焦头烂额却无法实现目标?因为你不会设计绩效目标(KPI)!

Being busy and accomplishing nothing? Set KPIs for your business!

When the bosses and employees are busy but achieving nothing… it’s time to review your SOPs and KPIs! These are the most common errors when setting up KPI system.

为何你公司有SOP,却没用?

中小企业赶潮流撰写作业程序,但为何没用?难道企业需要达到指定条件才能有SOP吗?这几种迷思和陷阱,你不得不知!

Build your Annual Plan like a Pro!

Annual planning is essential as it helps businesses to grow on track. Read these tips to complete your plan and avoid over-planning!