How to set 90 day business plans

It is well known that in order to run a successful business you need to set goals. While annual or five-year goals are very important, they can sometimes seem daunting. It can be easy to lose focus or feel unsure of what the next step is.

A business-savvy system is to have those high-level annual goals, but also to break up your large goals into small, manageable steps. Our team of business advisors in Perth recommend creating 90-day plans to help you achieve your short and long term business goals. 

Why 90 day plans are smart business

90 day plans enable you to keep focused, while still being long enough for you to see significant progress in your business.

Why are 90 day plans beneficial for business?

• They keep you focused on what needs to be done now, and prevent you from feeling overwhelmed by long-term goals. 
• They help you revise and adjust your goals regularly which keeps your business self-aware and agile.
• They make you aware of any weaknesses or gaps in your business strategy. 
• They give you the flexibility to revise your strategy or goals if the market or economy changes. 
• They can boost motivation because you’ll be achieving goals in the short term.

Now that you can see the benefits to writing 90 day plans, you might be wondering how to write one.

Step 1: Review your previous 90 days

When setting goals, it is very important to start by reviewing what the current state of your business. Ask yourself: what isn’t working well? What should take priority? Being self-aware is key to writing meaningful goals.

Step 2: Choose your goals

For a 90 day plan, you should choose a limited number of goals (about 3-5) so that you can focus deeply on them. Also, be realistic and choose goals that are achievable within 90 days. 

It is a good idea to review your annual goals, and write your 90 day plan so that it aligns with the broader plan. After all, the 90 day plan is simply providing a road-map for how the annual goals will be achieved.

Step 3: Create action plans

Now that you have written your goals, it is time to create an action plan for each one. That means outlining the steps you will take in order to achieve the goals. 

Step 4: Track your progress

A key component of goal setting is to make sure the goals are measurable. That means, your 90 day plan should outline how you will measure your progress. What are the markers that signal you have achieved your goal?

When you are in the midst of your 90 days, it is a good practice to track your progress using a spreadsheet or appropriate application. This will be very useful when writing your next 90 day plan.

Achieve all your business goals

The 90 day plan isn’t the only goal-setting tool that will help your business. We have many tips on setting business goals and objectives to help you see success. 

If you are looking for real-world, hands-on advice for your business, Lawrence Group has a team of premier business advisors in Perth. We have been helping hundreds of local businesses achieve their goals, and we would love to help you achieve yours. Get in touch with us today: call our office on 9433 3288 or fill out our contact form.