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Is a business plan more important than a business vision?

Old assumptions are that your business plan should be separated from your personal goals. But keeping the two separate is not going to bring about a flourishing business. In this article we discuss how to create an inspiring plan and vision to build a business, and lifestyle, you love.

Partner content

This 3-part podcast and content series is brought to you by ANZ Business. Our expert guests bring you strategies and ideas which may help boost your business. To catch the full series, head to flyingsolo.com.au/anzbusinessDo you own a business? ANZ’s flexible solutions could help ease your cash flow pressures. Learn more.

There is a Japanese proverb which says:

‘Vision without action is a daydream. Action without vision is a nightmare.’

So to help focus your small business journey, you will need a vision to guide you on your way.

To get your thoughts out of your head and onto paper, our Vision Sampler exercise below will give you an understanding of the ingredients of a vision and provide you with an example of what yours could look like.

Worthwhile visions are based on the trinity of your motivations, values and abilities. Each of the questions below will help you unearth what is important to you, or at least get you thinking about it. Again, make notes, record your thoughts, and give yourself the space to think through the issues until the answers make themselves known.

Step 1: Come up with at least 3 answers to each question.

1. What are you naturally gifted at and love doing?

This is your chance to express everything you love to do, not everything you have to do.

2. What makes you special?

Jot down what comes to mind. Ask others for their view if you get stuck.

3. What would you like to change in the world around you?

This will speak volumes about your values and reveal the causes you are passionate about.

4. What do you most want to achieve in your lifetime?

Identify what drives you. Try listing at least three truly inspiring things. Be as all inclusive as possible; don’t leave anything out because you think it’s silly or unreasonable.

Step 2: Identify your priorities

Armed with your responses to these questions, highlight one from each as the top priority.

Step 3: Write your Vision Sampler

Allowing for a bit of creative writing, fill out the following to create the outline of a vision. Tweak it until it flows nicely:

In my solo adventure, I’ll (take the priority from question 1), using my (take the priority from question 2) to change (take the priority from question 3) and in so doing, I’ll succeed in (take the priority from question 4).

Remember, this exercise will not provide you with a complete vision. It’s merely a sampler to point you in the write direction. Hopefully it will cause you to consider what really matters to you, plus give you an idea of what goes into a vision. 

Once you’ve completed the warm-up and your tyres are nice and squelchy, tighten the safety harness and take your place on the grid. If you need more in-depth help to develop your complete inspiring vision download this sample chapter from Flying Solo’s book, it will help you reveal what a vision is, why you need one and the practical steps to create one.

ANZ’s flexible cash flow solutions can help you get on top of business

Cash flow can be hard to manage, with many circumstances outside of your control. ANZ can help you keep doing business, with a range of products that can be tailored to your cash flow cycle.

Contact ANZ to see how small changes could make a big difference to your business’ cash flow.

 

This 3-part podcast and content series is brought to you by ANZ Business. Our expert guests bring you strategies and ideas which may help boost your business. To catch the full series, head to flyingsolo.com.au/anzbusinessDo you own a business? ANZ’s flexible solutions could help ease your cash flow pressures. Learn more.

 

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