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Home Ask an Expert

Why An Action Plan Is Important For Your Business 

Olakunbi-Black Tioluwalogo by Olakunbi-Black Tioluwalogo
June 9, 2021
in Ask an Expert, DIY
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Why An Action Plan Is Important For Your Business 
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Your business has a goal or a set of goals. Every business should have something they want to achieve. This is what shapes their operations, their structures and actions as well.

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But, in order to achieve those goals, you need an action plan. Like the name implies, an action plan is a detailed plan documenting the actions you need to take in order to achieve your goals. 

The length and details of your action plan will depend on the specifics of your goal. Below are reasons why you need an action plan. 

 

  • It keeps you motivated 

An action plan is crucial to accomplishing goals because it will help you stay motivated and ensure that you’re on track to completing your goals on time. 

It serves as that structure that keeps you on track when you just don’t want to or feel like doing anything. On your lazy days, your action plans will keep you motivated to achieve your goals. 

 

  • It reduces procrastination 

Have you ever planned to do something but procrastinated? An action plan will reduce your rate or procrastination by giving you an outline of what you need to do and the time frame to complete every task towards achieving your goals.

Without an action plan, no matter how important, you’ll find yourself putting off big projects, dreams and goals and missing out on opportunities. 

 

  • It keeps you from the overwhelming nature of goals 

Sometimes, just setting goals keeps you on your feet, agitated and point blank overwhelmed. It can be nauseating as well, with everything just scattered in your head and you not knowing what to do first towards those goals. 

An action plan keeps you from that frustration and overwhelming nature. It puts a plan before you that you can use as a guide towards achieving your goals. 

 

  • It helps you track your progress 

The action plan you have created will help you monitor your progress. It also helps you put a time frame to it. You’re able to tick off what you’ve done so far and deadlines you’ve met and see how close to your goals you are.

It will help you know if you need to retrace any of your steps or add new processes towards your goals and most importantly if you need to eliminate any one. 

As you track your progress, you can celebrate yourself on your wins and accomplishments while still forging ahead towards your goals. This time, stronger and better. 

 

  • It clarifies your objectives 

Sometimes, when setting goals, you never really know or see how deep it goes. An action plan helps you with this. It will require you to analyze those goals and really see your objectives on a broad level. 

An action plan sheds more light to your goals, it supports it from standing on its own and risking the chances of failing. An action plan and your goals fall hand in hand with its achievements.

Dear entrepreneurs, make an action plan for your business today. Say no to lack of order, strictures and most importantly, a lack of an action plan. 

Tags: EntrepreneursEntrepreneurshipFemale entrepreneursSmall businessesSmart TipsSmartpreneur Tips
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Olakunbi-Black Tioluwalogo

Olakunbi-Black Tioluwalogo

A Professional Media, Entertainment and Marketing Technology executive with over 8 years’ experience in broadcasting, film making, advertising and marketing communications. Currently working at Emblue Africa as the Business Lead, Growth & Operations where my interest is in using technology and culture to aid media production and/or distribution as well as marketing execution. PhD student at School of Media and Communication, Pan Atlantic University, Lagos, Nigeria.

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