Conduct strategic planning for the business
At the Grow stage you need a plan bigger than this quarter. Strategic planning sets your direction for the next 1-3 years — where you're going, how you'll get there, and what you'll say no to.
Do this
- Revisit your vision: where should the business be in 3 years?
- Set the few big strategic priorities to get there.
- Decide what you'll deliberately NOT do.
- Break the strategy into annual and quarterly goals.
Strategic Plan on a Page
VISION (3 years out): where the business is headed
STRATEGIC PRIORITIES (the 3-5 big bets): 1. 2. 3.
NOT DOING (just as important — what you'll say no to):
THIS YEAR'S GOALS (how the strategy shows up in 12 months):
Then cascade into quarterly goals. Strategy without "not doing" is just a wish list.