The previous year may have brought different kinds of emotions from being happy, excited, and elated to sad, disappointed or frustrated. But everything is all under the bridge and it is time to move forward. What ever happened for the past year, the coming year should be a lot better. And how do you make this happen? By making a good set of plan that works out in making your business grow further.

A well planned strategy can act as a supporting system to face the challenges in a better way, even if it cannot solve the problem fully. But the critical part is deciding and formulating the strategy based upon the needs of the business. Some useful points to consider while planning the strategy are:

• Focus on the points which contributed to company’s success in the last year: The basic thing should be identifying the strengths or points which contributed in the success of the company, last year. It can be anything such as: proper management of production process, finance, employee well-being and satisfaction leading to the success or any other reason. By ascertaining those points and the consideration to improve, maintain or sustain it further can definitely lead to success.

• Identify the unsolved snags: The first step of identifying the factors which acted as a positive force is comparatively easy in relation to identifying the points which acted as a barrier or challenges. Once it is ascertained half of the problem gets solved. The identification of the challenges needs great sense of observation and knowhow of each of the minute details of the organization.

• Formulating strategy for the unsettled challenges: After identification of the problems, the important part is formulating the strategy to resolve the pending, unresolved issues, acting as a hindrance to the company’s growth. Each subject needs to be addressed in detail depending upon the nature and depth of the problem.

• Implementing the adopted plans and policies to test the success: The last step should be implementing the formulated plans and policies on a ground level and not in entire organization. This can be done on a temporary basis to check the success rate and the acceptance of the same. If found to be helpful, it can be adopted, else we should move on to modify or look for other strategies, which suits the requirements and problems of our organization.

While we only wish for good things to happen we should also be ready to accept the bad. Not all planned thoughts may produce positive results but being able to see through different angles of a specific plan may generate a much bigger possibility of eliminating failures. On this note, let us all work for the best, accept the worst and move on with brave hearts, valiant minds to challenge the challenges and succeed in our journey. Happy 2017!

Written by Faber Ramya Pillai