The Planning Hierarchy Mindset

Why have you started your business? What do you want to achieve? What do you want to get out of it? How much do you want it to deliver? What do you want it to deliver? 

Is it going to deliver money, time, freedom…

What is this business going to look like? 

Helping someone shape their future is one of the most rewarding things accountants can do with their skills and working through the planning hierarchy is a great place to start.

The Planning Hierarchy starts off with a wealth creation plan.  What is the business going to look like in five to 10 years and what is it going to deliver to you personally? 

Next is the strategic plan. What is your core purpose, your mission, your values, and your brand identity? This once again is a timeline of about five to 10 years. 

Now look into your annual plan. What are your 12-month goals? This is your budget, your SWOT analysis, those high-level 12-month goals that the business needs to start meeting in order to know that you are tracking towards those longer-term goals. 

Break it down even further into your 90-day plan. These goals are a lot more specific and you need to think about who is going to be responsible to ensure that you are going to achieve them. 

Finally, it’s your everyday, ongoing tasks and what KPIs can be used to measure how you are tracking.

If you’d like to understand a little bit more about how we can implement this hierarchy with your business, or you’re feeling a bit lost, or you can’t even answer the question of what do I want my business to look like in the future and what I even want it to deliver for me, then I highly recommend you get in touch with us here at SMYD Accounting / Advisory, because we would love to hear from you and start helping you understand what your future can look like.