The need to have a business plan and how to put together a basic strategic plan were on the agenda for the latest Women in Business Regional Network lunch held at Angoves McLaren Vale.
Discussion covered the need to identify the strengths, weaknesses, opportunities and threats to businesses and attendees were encouraged to look within the network for feedback from others to help put their plans together.
Network founder Carolyn Jeffrey said not having a business plan was like going to the supermarket without a shopping list: you have to think much more than you need to, you end up spending time and money on things you don’t need and you forget to pursue what you do need.
“It’s very important that business people know exactly what their business’s mission is as this forms the central focus for any plan,” Ms Jeffrey said.
“If you lose sight of what your mission is it’s very easy to get caught up spending time, resources and money that will detract away from your overall focus.”
She said that across the network women were indicating they were struggling to keep up with their workload and had no time to plan.
“The reality is if business owners or managers invest a small amount of time in preparing and later reviewing their plan it will remove so much stress and clear their minds to focus on other things, whether that be in their business or personal lives,” Ms Jeffrey said.
As an added bonus those at the McLaren Vale luncheon also got to enjoy massages from member Jane Remphrey of Revive in 5.
The network is planning to setup Business Plan Clubs throughout the regional areas of the state where women in business can come together physically, or online, to keep each other honest about ticking off their to-do list, but also to provide support and idea sharing.
The next McLaren Vale event will be a dinner at Meeting Place McLaren Vale on Tuesday, July 23 when the guest speaker will be Steve Shotton from Regional Development Australia Adelaide Hills Fleurieu and Kangaroo Island.
The next luncheon will be held at Blessed Cheese on Wednesday, August 14 when the topic will be apps to make your life easier, both in business and personally.