The Simplicity of Business Growth through the Power of Three – Part 2

After simplifying the various stages of business growth into just three stages through the power of three, then it is time to examine how to further simplify the strategic planning process.

power -of-three

Many executive consultants to small business coaches will discuss “critical goal categories” or “critical success factors.” These categories or factors may be simply defined as “what is necessary and sufficient to achieve the mission or current goals” for the enterprise.

Recently when reviewing many of the strategic plans of my clients, I realized once again the power of three even though in past years I had written about the Top 7 Critical Goal Categories. For all of the various identified critical success factors could be placed into one of these three categories:

  • People
  • Processes
  • Profits

The power of three allows simplification and thus frees up time that can be better invested in detailing the action steps to identifying Strengths, Limitations, Opportunities, or Threats (SLOT) to  executing the plan.

Running a small business from the strategic planning process to the day to day operations can become very complicated. By embracing the power of three attitude, allows the opportunity to shed some of those complexities and affords you additional time to do what you do best.

If you want to further your competitive advantage, this webinar – LinkedIn Contacts Your Competitive Advantage – on Thursday, June 27 from 10-11 am might be of interest to you.  At an affordable $9.97 and just 60 minutes of your time, you will learn not only about this recent update, but some other tips to have you standing out as the Red Jacket and not just another gray suit.  Register here.

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