A beginner’s guide to Strategic Planning

Keerthana By  June 24, 2023

Hey there, amazing business owners, marketers, and leaders!

Ever felt like your business is sailing without a map? You’re working hard, but are you really heading towards your biggest dreams? That’s where Strategic Planning comes in. Think of it as drawing the perfect map for your business journey. And guess what? We’ve helped many businesses right here in Tamil Nadu draw their maps, leading them to amazing success stories!

Why Strategic Planning is Your Business Superpower

Strategic planning is simply figuring out where your business is now, where you want it to go, and how you will get there. It’s like planning a big trip – you wouldn’t just jump in the car and hope for the best, right? You’d decide your destination, plan your route, and pack what you need.

For businesses, especially in our vibrant Tamil Nadu, having a clear strategy helps you:

  • Focus Your Energy: You know exactly what to work on and what to ignore.
  • Make Smart Choices: Every decision aligns with your bigger goals.
  • Be Ready for Anything: You can spot problems early and grab new chances.
  • Grow Your Business: It gives you a clear path to get bigger and better.

A Simple 5-Step Guide to Strategic Planning (Tamil Nadu Style!)

Let’s break down strategic planning into easy steps, just like we did for our clients across Tamil Nadu. No complicated words, just simple actions!

Step 1: Where Are You Now? (Current Situation Analysis)

Before you plan your trip, you need to know your starting point. For your business, this means looking closely at what’s happening right now.

  • What are you good at? (e.g., “Madurai Maman’s Idli Shop” is known for its super soft idlis.)
  • What can you improve? (e.g., Maman’s shop might need faster delivery service.)
  • What new chances are there? (e.g., Many people in Madurai are ordering food online now.)
  • What problems might come up? (e.g., New idli shops are opening nearby.)

Example in Tamil Nadu: Imagine “Ramesh Readymades,” a popular textile shop in Coimbatore. Ramesh first looked at his shop. He realized he had great cotton sarees but wasn’t selling much readymade clothes for young people. He saw that many young customers were coming in for his sarees, but leaving without buying anything else. This helped him understand his current position clearly.

Step 2: Where Do You Want to Go? (Vision & Mission)

Now that you know where you are, decide your dream destination. What do you want your business to be in 1, 3, or 5 years?

  • Your Big Dream (Vision): What do you hope to become? (e.g., “To be the most loved idli shop in all of Madurai.”)
  • Your Daily Purpose (Mission): What do you do every day to reach that dream? (e.g., “To serve fresh, tasty, and healthy idlis quickly and with a smile.”)
  • Your Clear Goals: What specific things do you want to achieve? (e.g., “Increase online orders by 50% in 6 months,” or “Open 2 new branches in Madurai next year.”)

Example in Tamil Nadu:Ramesh Readymades” decided his big dream (vision) was “To be the go-to fashion store for all age groups in Coimbatore, known for quality and trendy designs.” His mission was “To offer a wide range of high-quality, fashionable clothing for families, with excellent customer service.” His goal was “To increase sales of readymade garments for young adults by 40% in the next 12 months.”

Step 3: How Will You Get There? (Strategy Formulation)

This is where you draw the map! How will you move from where you are to where you want to be?

  • What steps will you take?
  • What resources do you need? (Money, people, new tools?)
  • What makes you special? (Your unique selling point.)

Example in Tamil Nadu: For “Ramesh Readymades,” to reach his goal of increasing young adult readymade sales, he planned to:

  1. Bring in a new collection of trendy shirts and dresses for young people.
  2. Renovate a part of his shop to look modern and appealing to younger buyers.
  3. Use Instagram and Facebook to show off his new collection, targeting young people in Coimbatore.
  4. Train his staff to understand and suggest styles for younger customers.

This was his clear strategy.

Step 4: Making It Happen (Implementation)

A plan is just a piece of paper until you act on it! This step is all about doing the work.

  • Who will do what?
  • When will it be done?
  • How will you know it’s working?

Example in Tamil Nadu:Ramesh Readymades” started bringing in new stock, hired a designer to help with the shop renovation, got a local social media expert to manage his online ads, and conducted regular training for his sales team. Every day, they were putting pieces of the strategy into action.

Step 5: Checking Your Map (Monitoring & Review)

Even with the best map, sometimes you need to check if you’re on track, or if you need to take a detour. Things change!

  • Are you meeting your goals?
  • Is the plan still good?
  • Do you need to change anything?

Example in Tamil Nadu:Ramesh Readymades” regularly checked his sales reports for readymade garments. He also asked young customers for feedback. After three months, he saw that while the new collections were popular, the social media ads were not reaching enough people. So, he changed his social media strategy to focus more on short video ads (reels) which were more engaging for his target audience. This is how he adjusted his map to stay on course.

Real-Life Tamil Nadu Success Stories (Simplified for You!)

We’ve seen these steps work wonders. For instance:

  • A small organic vegetable store in Chennai, “Priya’s Fresh Mart“, used strategic planning to decide to only sell seasonal, local produce. They connected directly with farmers near Chengalpattu, cutting costs and offering fresher goods. They became a beloved neighborhood spot because of this clear focus.
  • Velu’s Vasantham Catering” in Salem, known for traditional South Indian meals, planned to offer special ‘mini-buffet’ packages for small family functions. This strategy helped them capture a new market segment during festivals, increasing their bookings significantly.
  • Bharathi Books & Stationery” in Tiruppur wanted to stand out from big online stores. They strategically decided to host weekly storytelling sessions for kids and book reading clubs for adults. This created a strong community around their shop, making it more than just a place to buy books.

Ready to Plan Your Business Journey?

Strategic planning isn’t just for big companies. It’s for every business that wants to grow, stay strong, and achieve its full potential. It gives you clarity, direction, and the power to make your business dreams a reality.

Start with these simple steps. Even a small plan is better than no plan at all! If you need a helping hand to draw your perfect business map, you know who to call. We’re here to help businesses in Tamil Nadu shine brighter!

Happy Planning!

Make a Comment

Your email address will not be published. Required fields are marked *

Let us help you get your project started.

Contact

 +44(0)20 3156

 

 +1 866 512 0268

Start your project