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This post is one in a series designed to help SME businesses benchmark their business and create a best practice business improvement plan across all of their business processes.  You can find the links to the full series here.  

Image of people connected by a network representing the connections of regular collaborative meetingsWhy are regular planning and review sessions critical to the success of a fast growing business?

At the heart of every successful, fast growing business is a powerful and effective internal communication strategy to solve problems quickly, ensure alignment with strategic direction and build team performance.

Verne Harnish in Mastering the Rockefeller Habits stresses the importance of tightly run daily, weekly, monthly, quarterly and annual huddles and meetings, all of which happen as scheduled, without fail, and with specific agendas.

How does your business measure up?

Rather than providing a checklist for this benchmark… I’m just going to suggest you answer two questions

  1. Do you and your people have sufficient feedback on a daily, weekly and monthly basis on:
    • What team members are currrently working on
    • How team members and the company as a whole are performing in relation to business objectives
    • What issues and challenges team members are facing
    • What risks and opportunities are opening up and how these can be addressed
  2. Do you have an effective way to share this information across all your people on a daily, weekly and monthly basis to maintain alignment and drive accountability?

Suggested reading Scaling Up: Mastering the Rockefeller Habits 2.0

Review the other benchmarks for best practice business planning here

About the Author

Brenda Thomson

Brenda Thomson

CEO and Founder of Synergy48 Group

Brenda is an experienced small business owner.  She has won an Australian Home Based Business of the Year Award, the My Business Magazine Best Start-up award and has also appeared in the Anthill Magazine top 100 Cool Companies and top 100 Innovative Businesses list.  Brenda has an honours degree in organizational psychology and a Graduate Certificate in training and development and is an experienced trainer, facilitator and counsellor.

Brenda is a firm believer in mutual collaboration combined with a practical, hands on tools, strategies and systems as the most effective way to achieve real results in business. 

Brenda is a sought after mentor, speaker and trainer in the areas of strategic alliances and joint ventures and networking with a twist.  She is also passionate about actively giving back to the wider community. In addition to donating her speaking fees and a proportion of every SMART-Connect Alliance membership to provide microfinance to help women in Malawi to start their own small businesses, Brenda has also climbed the Himalayas to raise money for Kids Help Line and helped lay a pipeline to supply water to a remote village in Tanzania.

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