Strategic Business Planning

Strategic Business Planning is a series of logical and creative steps to identify the long-term business objectives ranked by importance. Simply put, it’s a roadmap to grow and optimize your business.

Strategic Business planning is essential for a construction company’s long-term growth and success. Business plans provide companies with the tools to track growth, establish budgets and prepare for unforeseen changes in the marketplace. A strategic plan includes many elements a business can utilize to attract financing and manage company objectives. Construction businesses must clearly define the company’s goals and conduct research to properly understand industry trends for optimal results.

The goals of strategic business planning

Strategy
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Ascent utilizes the proven SWOT methodology (Strengths, Weaknesses, Opportunities, and Threats) when helping clients develop their Strategic Business Plans.

Strengths and Weaknesses are internal to your company—things that you have some control over and can change. Examples include who is on your team, your software and tools, and your location.
Opportunities and Threats are external—things that are going on outside your company, in the larger market. You can take advantage of opportunities and protect against threats, but you can’t change them. Examples include competitors, price of materials, and available project opportunities.

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Could you benefit from the advice of a construction business expert? In our 30-minute call, you will get recommendations for immediate adjustments that will improve the performance and profitability of YOUR construction company.

Like many of our clients, we are all being impacted by COVID-19. Luckily, we have been working remotely and virtually with our clients for years. Although we love to be on-site and work hands-on, we’re skilled at working with our clients remotely, allowing us to help when they need us most.

Have questions? Let us know how we can help support you and your business.