Developing an Action Plan – Coaching for Entrepreneurs

We work with entrepreneurs to identify objectives, create action items, develop team responsibilities, and establish timelines. Together we develop an overall, top-level action plan that depicts how each strategic goal will be reached.

Developing an Action Plan - Coaching for Entrepreneurs

Developing an Action Plan – Coaching for Entrepreneurs

As part of developing an action plan, we assist the entrepreneur –

  • Review current practices
  • Develop policies and programs
  • Devise evaluation strategies
  • Allocate responsibility and
  • Develop communication strategies.
  • Anticipate problems and outline contingency plans

Creating a robust action plan always begins with having a clear purpose, vision, or goal in mind.

An action plan has three major elements (1) Specific tasks: what will be done and by whom. (2) Time horizon: when will it be done. (3) Resource allocation: what specific resources are required for particular activities.

Creating an Action Plan involves:

  • Identifying the objectives which are achievable & measurable.
  • Identifying the action items needed to achieve the goals.
  • Identifying the resources required to complete the action items.
  • Identifying schedule and budget constraints.
  • Prioritizing tasks effectively to meet deadlines.

Use the SCHEMES mnemonic to check that all the resource needs have been addressed.

  • Space.
  • Cash.
  • Helpers/People.
  • Equipment.
  • Materials.
  • Expertise.
  • Systems.

A good action plan maps out the work process with a detailed schedule of critical activities needed to accomplish it.

Developing an Action Plan – Coaching for Entrepreneurs

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