South Australian Business News

Business strategy for small business

Wednesday, July 26th 2023

In the dynamic landscape of today’s business world, small businesses face unique challenges and opportunities. To thrive and succeed, businesses need to develop a well-defined and adaptable business strategy. 

A robust business strategy serves as a roadmap, guiding decision-making, resource allocation, and the pursuit of competitive advantage. 

A well-crafted business strategy is a vital tool for success. By defining a clear vision and mission, understanding the internal and external environment, setting SMART objectives, identifying target markets, and differentiating offerings, you can position yourselves for growth and sustainability. 

Regularly reviewing and adapting your strategy will help ensure continued success and resilience in an ever-changing business world.

A report by Cascade in November 2022, highlighted 67% of leaders believe their organisation is good at crafting strategy, however, only 49% spend time reviewing their strategic implementation, which results in only 47% being good at implementing strategy. So, with that in mind, when was the last time you took the time to look at your strategy?

Join our Business Advisor Tim Lavis in an interactive workshop designed to assist participants take back control of their future.

Our new course, Business Strategy for Small Business’ is an interactive workshop for those who want to take their business to another level, driving growth by intentionally creating a strategic focus.

Whether your business is looking to grow, charting another direction, or even experiencing growing pains this workshop will help your business take control of the future.

Enrolments are now open for our 5 September intake. 

Find out more here.

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