A business networking and development organisation for the East Midlands construction sector is highlighting three key reasons why it’s important for small businesses to plan.
The Construction Leaders Club believes that having a strategy is fundamental for success – even though situations can change rapidly in today’s fast-moving world.
“Not so long ago, business owners and leaders created strategic plans that looked ahead five to ten years – a far longer-term perspective than would be appropriate today,” said Terry O’Mahony, founder of the Nottingham-based Construction Leaders Club.
“However, having a plan today is still fundamental for any business to stay ahead of the competition and be truly successful. Although there are numerous tools to help develop a plan, there is no standard methodology, and it is down to business owners to choose tools that work for them.”
He believes there are three main reasons why small businesses should draw up strategies for the future.
Firstly, it provides clarity and direction to give both business owners and employees alike the high-level priorities and objectives that they want to achieve over a specific time period, said Terry.
Secondly, it’s an opportunity to engage and motivate employees, while thirdly it can help to position a business, he added.
“Many business owners I have worked with have often said that when they have taken the time to develop a plan, they’ve made the mistake of putting it in their drawer where it doesn’t see daylight again,” said Terry. “This might not be because the plan wasn’t good. It could be that the plan may have been created for a specific purpose, for example to attract funding or similar, and, as and when the purpose has been served, they are unsure why it matters. But it does matter and having a plan can make a big difference.”
The Construction Leaders Club was established four years ago as a networking and business growth organisation supporting businesses and individuals related to, or associated with, the UK construction industry. As well as monthly networking events, CLC also runs development programmes and workshops for individuals including a Mastermind Programme, aimed at business owners and senior decision makers, and a Rising Stars Programme for high potential individuals who want to step-up to the next level. New courses on each programme are expected to begin this Autumn.
CLC’s next networking events take place on 14th September at The Grill at Twenty Five, Bostock Lane, Long Eaton, near Nottingham, from 10am, and on 15th September at The Preparation Group, Preparation House, Deacon Road, Lincoln, from 10am.
The organisation is supported by Nelsons Solicitors, insurance and risk brokers Arthur J Gallagher and audit, tax and consulting services provider RSM.
Earlier this year the CLC became what is believed to be the only business growth, leadership and management development organisation for the construction industry to be awarded the new Chartered Building Consultancy status.
Construction Leaders Club has held the accolade of Chartered Building Consultancy status for the past three years but the CIOB asked holders to re-apply after setting down new and tighter rules for compliance in a bid to drive up standards within the sector.
For more details or to book any CLC events, or to find out about the small business coaching offered by CLC, visit http://www.constructionleadersclub.com/
Press release issued by Nottingham based PR company Perfect 10 PR www.perfect10pr.co.uk