Jul 30, 2018
In episode 77 of Financially Simple, Justin outlines the strategic planning process.
Drawing up a strategic business plan can be a daunting task for many business owners - where to start, who to involve, and how to proceed. Justin explains his process, VMOSTA, and explains each step, as well as the who, when and where.
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BLOG TRANSCRIPTION: The Strategic Planning Process Steps
00:34 - The Strategic Planning Outline: Longterm Planning for Increased Business Value
01:51 - The Vision: Test & Execution
03:09 - Different types of Planning
03:31 - Strategic Planning
05:39 - The Strategic Planning Process
07:02 - VMOSTA
07:28 - Vision & Mission
08:41 - Values & SWOT
09:32 - Objectives & Strategies
10:22 - Tactics
10:37 - Actions
11:40 - The Who
16:29 - The When
19:08 - The Where
20:12 - Summary
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Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.