ISmall-Business.net

Intelligent Business Solutions

  • Home
  • Strategy
    • Small Business Strategy
      • Combining Niches to Maximize Profit Potential
      • High Ticket Versus Volume Niche Selection
      • How to Know When to Cut a Business or Niche Loose
      • Never Put All Your Eggs in One Basket
    • Sales Strategy
      • Facebook Networking Versus Paid Advertising
      • Brainstorming a Successful Sales Funnel
      • Best Practices for Profitable List Building
      • Backend Sales Strategy Tips
      • A Better Way to Use Webinars for Profits
      • Creating a Welcome Email That Makes Money
    • Production Strategy
    • Human resource strategy
  • Management
    • Business action plan
      • 7 Things to Send JVs to Get Them Onboard
      • Don’t Make JV Promises You Can’t Keep
      • How to Host a Challenge and Maximize Profits
    • Small Business Management
      • Putting Profit Tasks First During Time Management
      • How Self Doubt Sabotages Your Financial Success
      • Repurpose Your Content to Save and Make Money
    • Business Management Topics
      • Fighting the Stigma of Failure
      • Figuring Out the Perfect Launch Date and Time
      • Bonus Creation That Catapults You to Leaderboard Domination
      • Do Customers Prefer Video or Text Courses
      • Minimize Your Risk of Refunds with These 5 Tips
      • How Often Should You Email Promo Material
      • Narrow Niche Domination
      • Perfecting the Launch Process for Increased Profits
    • Business Management Blogs
      • Nobody Expects a Perfect Expert
  • Ideas
    • Find business ideas
      • 5 Lucrative Non IM Niches
      • 6 Niches That Are Hot on Social Networks
      • Are PLR Stores a Viable Way to Make Money
      • How to Know If a Membership Site Is Right for You
    • Idea feasibility
      • How to Make Money Off a $7 Product
      • Recurring Income Options
    • 10 top business ideas
      • Could Coaching Bring in More Money Than Products
      • Individual Coaching Versus Group Coaching Profits
      • Building a Reputation as a Powerful Affiliate
      • Pinterest Profit Niches
    • Low cost business ideas
      • Making Money Off eBooks and Reports
  • Valuation
    • Business Valuation
    • Increase business valuation
      • Making Wise Investments in Tools to Further Your Business
    • Business Valuation Methods
    • Understand business valuation
  • About
    • About Me
    • Blog
    • Contact Us
    • Sitemap
    • Privacy Policy
  • Strategy
  • Supply Chain
  • Customer Focus
  • Entrepreneur
  • Biz Opportunities
You are here: Home / Biz Opportunities / How to Build a Roadmap That Leads to Your Goal – Business

How to Build a Roadmap That Leads to Your Goal – Business

June 4, 2022 by Asif Nazeer Leave a Comment

[ad_1]

Featured image by John-Mark Smith via Pexels

The purpose of a roadmap for your business is the same as for any other roadmap: It helps you get to your destination. But instead of taking you on a road trip to the Grand Canyon, this roadmap leads you toward your objective.

And because it’s good business to start with questions, not ideas, start your trip by asking:

  1. Where am I now?
  2. Why do I want to go where I want to go?

These questions sound deceptively simple, but it’s worth taking the time to answer them thoroughly. The tips below will help you answer these questions (and more). By answering these questions everyone will be on the same page of your map.

RELATED ARTICLE: HOW TO BUILD A TEAM-ORIENTED BUSINESS CULTURE

Let’s now jump into specific tips on how you can use a roadmap to benefit your team and your company.

“About twice as many best performers (38%) use product Roadmaps than do worst performers (19%).” – Scott J. Cooper & Robert G. Edgett (2009)

Tip #1: Start with Questions to Define Your Objective

First, continue answering questions that will help you build the structure of your roadmap (think of them as the roads, bridges, and towns along the way).

The roadmap can do many things—like keep your team informed, set your priorities, and determine necessary resources—but its utility is only as good as the information you put into it. This means asking more “who, what, where, when, and why” questions, such as:

  • Where are we now? (Where are we in our current work?)
  • And where do we want to go? (What is our objective?)
  • Why do we want to go there? (Why is this objective important?)
  • When are we going to go there? (Over what time period will we work toward our objective?)
  • Who is coming with us? (Who will work on this objective?)
  • What do we need to do to reach our destination? (What concrete steps will we take toward the goal?)

Only the best companies and leaders have clear answers to these questions.

Tip #2: Determine the Factors Your Success Depends On

To continue the theme of asking questions, consider looking at these business functions through the lens of “why, what, and how” questions. Ask why your objective relates to your business and the market in which you operate. Ask what products and services that you offer factor into the success of your objective. Also, ask how the resources you have will aid you in reaching your objective.

The point is to make sure you look at your operations in their totality. Each decision you make—each step you take toward your objective—will affect all aspects of your business. This step makes sure you don’t limit your roadmap planning to only one area of your business.

Tip #3: Identify Your Obstacles

“πρόβλημα”(Greek) Próblēma. An obstacle, barrier, or hindrance.

Next, identify and name the obstacles that will get in the way of your trip to your objective. These are the things that will slow you down (heavy traffic), send you the wrong way (confusing detours), or stop your progress entirely (running out of gas).

This can be even more important than setting your objective. The objective itself is uninformative because it’s a distant landmark you have chosen because of its perfection. But no trip is without its problems. If you plan for obstacles, you will be prepared to bypass them when they appear.

Also, keep in mind that reaching your goal may require innovative solutions and unfamiliar methods your company hasn’t used before. Don’t be afraid to be creative!

Ways to brainstorm around these obstacles include:

  1. Collect all information about your objective in one place. (Start by answering the questions in Tip #1).
  2. Engage your entire team in the brainstorming process.
  3. Integrate your company’s mission and activities into the objective.
  4. Try out several versions of the roadmap by using options such as a portfolio matrix, SWOT analysis, or drivers and key performance indicators (KPIs).

When you identify your obstacles, answer these questions about them:

  1. What information does our team/company need to solve this problem?
  2. What needs to be done to solve this problem?
  3. And what resources do we need to solve this problem?

Tip #4: Break Down Your Objective

Group your objectives on the roadmap by core business functions. Again, almost all business goals relate to market/clients, product/services, or resources.

Next, clarify who is responsible for each step of the roadmap. A successful movement toward the objective requires constant interaction of all the departments and teams. (Think of this like a caravan of RVs using the same map, but each is responsible for different parts of the trip such as gas, snacks, GPS.)

Tip #5: Visualize Your Roadmap

When your team has gathered the necessary information, visualize and share your roadmap with all stakeholders. Make sure to choose a tool that everyone can easily access and understand.

Product Roadmap (Goals by KeepSolid)

Tip #6: Revise and Update Your Roadmap Regularly

Your roadmap will require constant updating as you make your way to your destination. This is what makes a roadmap an agile tool for reaching goals. Just as real maps can take you from Miami to L.A. using different combinations of highways, a roadmap can be used to reach your objective in many different ways, too.

Roadmaps are living tools and should be reviewed and updated regularly. For example, it is good to review your roadmap at least once a month. Update the progress and status of goals and tasks (including marking them as “complete”), and add further clarifications for new ones.

RELATED ARTICLE: HOW YOUR BUSINESS CAN REACH ITS NET ZERO TARGETS

Build a Roadmap to Reach Your Goals

To summarize:

  1. Naming an objective is easy, but it’s not enough to get you there. You need a roadmap.
  2. Describe your objective as completely as possible.
  3. Answer the who, what, where, when, and why questions to take you from where you are to where you want to go.
  4. Identify, describe, and plan for the obstacles that will prevent you from reaching your objective.
  5. Break down your roadmap into smaller steps. Assign those steps to the right teams and departments.
  6. Create a visualization of your roadmap. Share it with all stakeholders.
  7. Make a plan to review and update your roadmap regularly. A roadmap is flexible, so make adjustments if needed.

And there you have it! You are now equipped with steps to create your own roadmaps. Now, where will you go?

RELATED ARTICLE: THE POWER OF A PROFESSIONAL PRESENTATION

[ad_2]

Source link

Filed Under: Biz Opportunities

About Asif Nazeer

My current sphere of interest is Internet Marketing - Worked for many years in finance and banking. I now consult for small businesses and starts ups. Also involved in venture capital for new companies.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Sign up for our newsletter and receive a free EBook on how to boost productivity






Find it

Blog By

Small Business Consultant and Accountant helping grow your small business Read More…

Follow us online

  • Email
  • LinkedIn
  • Twitter

Recent Posts

Unlock Small Business Triumph: Your Definitive Guide to Success

Small Business Topics: A Comprehensive Guide for Success As a … [Read More...]

  • Why the F&B Sector Needs Streamlined Payment Methods – Business
  • The Rise of AI in Ecommerce Outsourcing – Ecommerce
  • The Benefits of Turnkey Tech Solutions for Forex Brokers – Business

Archives

  • December 2024 (1)
  • March 2024 (2)
  • February 2024 (3)
  • January 2024 (1)
  • December 2023 (3)
  • November 2023 (1)
  • October 2023 (3)
  • September 2023 (6)
  • August 2023 (1)
  • July 2023 (5)
  • June 2023 (16)
  • May 2023 (1)
  • April 2023 (2)
  • March 2023 (4)
  • February 2023 (2)
  • January 2023 (5)
  • December 2022 (5)
  • November 2022 (8)
  • October 2022 (7)
  • September 2022 (6)
  • August 2022 (6)
  • July 2022 (13)
  • June 2022 (11)
  • May 2022 (7)
  • April 2022 (8)
  • March 2022 (12)
  • February 2022 (8)
  • January 2022 (11)
  • December 2021 (9)
  • November 2021 (10)
  • October 2021 (11)
  • September 2021 (3)
  • August 2021 (10)
  • July 2021 (12)
  • June 2021 (5)
  • May 2021 (10)
  • April 2021 (17)
  • March 2021 (40)
  • February 2021 (39)
  • January 2021 (58)
  • December 2020 (66)
  • November 2020 (59)
  • October 2020 (34)
  • September 2020 (47)
  • August 2020 (37)
  • July 2020 (2)
  • May 2020 (1)
  • April 2020 (1)
  • March 2020 (33)
  • February 2020 (25)
  • January 2020 (20)
  • December 2019 (27)
  • November 2019 (28)
  • October 2019 (34)
  • September 2019 (38)
  • August 2019 (13)
  • July 2019 (44)
  • June 2019 (40)
  • May 2019 (58)
  • April 2019 (51)
  • March 2019 (43)
  • February 2019 (44)
  • January 2019 (43)
  • December 2018 (47)
  • November 2018 (43)
  • October 2018 (58)
  • September 2018 (44)
  • August 2018 (60)
  • July 2018 (49)
  • June 2018 (58)
  • May 2018 (54)
  • April 2018 (39)
  • March 2018 (46)
  • February 2018 (48)

Topics Covered

business consulting business growth business management business marketing business strategy business topics small business small business success small business topics

Biz Opps

[ad_1] Featured image by Blake Wisz on … [Read More...]

[ad_1] Are you looking for the best ways … [Read More...]

[ad_1] Featured image by … [Read More...]

Customer Focus

[ad_1] First published in Exchange, the magazine … [Read More...]

Entrepreneurs

[ad_1] Uptown Cheapskate is a resale … [Read More...]

[ad_1] A team of neuroscientists in the … [Read More...]

[ad_1] This article was translated … [Read More...]

Strategy

[ad_1] If you buy something through our links, we … [Read More...]

[ad_1] In helping celebrate Black History Month, … [Read More...]

[ad_1] ZOHO started its current Email Marketing … [Read More...]

Supply Chain

[ad_1] Although managing inbound shipping can be … [Read More...]

© Copyright 2015 iSmall-Business.net · All Rights Reserved · Powered by ISmall-Business.net · Admin