Strategic planning does not need to be difficult, even if you have never thought about the strategic future of your accountancy firm before. All we are really talking about is a plan - a planned direction of travel.

It's like Satnav for your firm.

And it can be for 1 year, 3 years or even 5 years - the key is to make a start.

Planning for the future of your firm can help with:

Controlled growth - if you don't plan for growth and you grow to quickly you might not be able to meet the needs of your new clients or even worse, end up letting down your existing clients.

Defining your core purpose and vision - when you start on the strategic planning journey in your firm you are building the core purpose of your firm, the reason you are doing what you do, your vision for the future.

Your firms values - the way you and your team behave in your firm and the way you expect clients who work with you to behave too.

Recruitment - knowing when to recruit is one of the key strategic decisions to make in your firm, so you can manage the work and ensure you always have capacity.

Workflow - proper planning helps you manage the work that comes into your firm, especially in the busy year end and tax seasons.

Which clients to say yes to and more importantly no to.

The kind of team you want to build.

The work you want to do in your firm.

Team Engagement - when you have a plan, your team know what they are doing and what is expected of them, meaning they are more likely to be engaged in their work.

Strategic planning does not have to be complicated, with a big set of numbers and multiple targets and actions; it's really just about understanding where you want to get to and defining the steps that will take you there.

Do you have a plan for the future of your firm? If you need help with it, then please get in touch by clicking the ‘chat with us now’ box in the right-hand corner. We have helped other firms change the future of their firm by investing time in their strategy.