Creating Your Business Strategy

Failure to Plan Means You Plan to Fail

If there is one thing that an entrepreneur brings to the table that no one else brings, it's vision. Without a clear sense of where one is going, and an understanding of how to organize people, resources, and money to get a business off the ground, nothing happens. Nothing.

Vision is important. But vision isn’t enough. It’s the entrepreneur’s responsibility to establish and execute business strategy with energy.

Creating Your Business Strategy – Failure to Plan Means You Plan to Fail will equip students with the skills they need to create a business plan for a business of their choosing. Lessons from the previous three modules will be integrated into this “Capstone” session. You will learn how to take what you have learned in previous modules and apply it to creating a business strategy for a company you wish to start.

Creating Your Business Strategy – Failure to Plan Means You Plan to Fail will help you to identify your Unique Value Proposition, understand your own Competitive Competency, and master the Four Keys of a Business Strategy.

This course is divided into eight sessions. The first session, Introduction, is designed to explain who can benefit by taking this course, and how you can use the material to enhance sales in your business

Lesson 1: Introduction to Creating Your Business Strategy

Lesson 2: Course Outline and Syllabus

The second session, Failure to Plan Means You Plan to Fail,takes the various skills you’ve been developing by examining the book publishing industry and applies them to the business you want to start. We’ll start to put the pieces together as we talk about the various types of business models you might consider, the impact of the Internet on business marketing, and the importance of completing a business plan. We’ll also discuss how to identify trends affecting your business, and the importance of industry market research.

In the third session, Building a Plan for your Business helps you develop a sense of perspective. Look at the business you hope to launch. What are the market conditions facing it? What does it take to succeed in that market? Why do businesses fail? You must understand the answers to these questions, because only then can you develop a vision for your business that is sound, has a firm foundation, and sees things as they really are, not as you hope they might be.

The fourth session, Identifying a Strategy for Your Business, builds on the previous sessions and turns the focus outward toward the marketplace in you compete. We’ll focus on the four keys to creating a successful business strategy. And, we’ll examine how you can answer the Three Customer Questions: HOW you’ll market your product, to WHOM you will market your product, and WHERE your customers will look when they want to find your product.

In the fifth session, Evaluating the Strengths and Weaknesses of Your Business, examines the steps needed in going to “the other side of the hill.” A key element in developing strategy is that one must be realistic. We must not only understand what we’re good at, but what we’re NOT good at. In this lesson, we will examine ways to evaluate our business strengths and weaknesses to better understand how to create a strategy that gets us to where we want to go; metaphorically, to go to “The Other Side of the Hill.”

In the sixth session, Implementing Your Strategic Plan, we’ll examine why knowing what is happening in YOUR industry, what trends should you pay attention to, and the threats that exist that could impact your business is critically important. In this lesson, we’ll show you how to assess the competitive forces that affect your industry and your company. We’ll help you learn how to research industry trends.

In the seventh session, Developing a Consumer-Centric Marketing Strategy, we’ll examine the traditional marketing focuses on the Four Ps, which can be summarized as follows: Putting the right product in the right place, at the right price, at just the right time to promote it. Based on what you know of the external environment and the industry in which you operate, what are some of the elements of the Four Ps you would employ in marketing your service one on one? In a physical store/office? Online? Via radio, print, TV or youtube?

The eighth session, Next Steps, we summarize what has been learned in this course, and preview additional courses in the series available from Generation Self Employed.

Intended Audience: Vision is important. But vision isn't enough. It's the entrepreneur's responsibility to establish and execute business strategy with energy. Creating Your Business Strategy – Failure to Plan Means You Plan to Fail will equip students with the skills they need to create a business plan for a business of their choosing.

Creating Your Business Strategy
Accessing Course Materials
Course Outline and Syllabus
Session Overview
There Be Giants in the Land
The Third Place Movement
What Kind of Business Will You Create?
Writing for An Audience of One
Observing the Trends in Your Industry
Your Business Environment Analysis Memo
End of session 2 Assignment
Session Overview
Building a Plan for your Business
The Lesson of the Little Red Hen
Business Plan Outline
Forming a Strategy for Your Business Model
Business Strategy from the Little Red Hen
Understanding Your Business Organization
End of Session 3 Assignment
Session Overview
Developing a Distinctive Business Focus
Creating Your Business Strategy
Your Value Proposition
The Four Keys of a Business Strategy
Defining Your Mission Statement
End of Session 4 Assignment
Session Overview
Preparing Your Strategic Plan
Creating a Strategy to Go to The Other Side of the Hill
Identifying What You’re Good at & What You’re Not
Facing your Business Crisis of Commitment
Leveraging Your Strengths, Improving your Weaknesses
End of Session 5 Assignment
Session Overview
Constructing Your Business Plan
Understanding the External Business Environment
Understanding the Internal Business Environment
Your Assignment for Next Session
End of Session 6 Assignment
Session Overview
Understanding the Four Ps of Your Marketing Plan
Discovering Where Your Customers Are
Different Types of Customers Are Drawn by Different Messages
Forming Your Marketing Strategy
Business Plan Outline & Planning Aids
End of Session 7 Assignment
Next Steps

What's included

  • 31 Video Lessons
  • 16 Text Lessons

  • Works on all devices
  • Certificate of completion

David Lantz

Instructor

I have always enjoyed being a teacher. I have taught adult Sunday School classes and small group bible studies for the last twenty years. Outside of the Bible, I am an Adjunct Professor of Business Management and Economics for the University of Phoenix, Indiana Wesleyan University, and several other Indiana colleges, including Ivy Tech. I teach both online and face to face courses. I was named the 2005 Faculty of the Year by the first graduating class of the Indianapolis Campus of the University of Phoenix.  

I've developed my courses with an eye to creating a story around which to present my content.  This  is called "Story Centric Teaching."  I invite you to review my courses and preview selected lessons.  

I look forward to having you as one of my students!