#12: Business Planning with Gurler Mae for 2024

08/12/2023

Read time: 3 minutes

Welcome to issue twelve of Punchline, your one-stop source for sharp insights and practical strategies within the construction industry.

In this week’s edition, we're looking ahead – all the way to 2024. It's never too early to plan for success, so let's get started!

Setting the Goals

First thing's first, we need to know what we're aiming for. Think about where you want your business to be in 2024 – what do you want to achieve? Write down five main objectives – that's your starting point.

Knowing the Market

With goals set, you'll need to know what's happening in your market. Keep an eye on potential changes and trends, and how your competition might react to them. Subscribe to newsletters or platforms for up-to-date industry knowledge.

Adjusting Your Course

Your business plan isn't set in stone – it can and should change as necessary. Test and tweak your model to align it with your 2024 vision. You might need to diversify your business, streamline processes, or invest in new technology.

Investing in People

Remember, your team is essential. Do they have the skills you'll need in the future? Consider whether you need to hire new people or train your existing staff. Talent acquisition and development are key components of your strategy.

Planning Finances

Solid financial planning is essential. What will your revenue look like in 2024? Where will you get the resources you need? Consider forecasting tools to help you prepare for the financial sides of your plan.

Next Week's Action

Here's your job for this week: create a one-page draft of your '2024 Vision'. Just write down an overview of where you want your business to be in 2024, including your main goals, strategic plans, and key industry trends that could affect things.

By planning for 2024 now, we're setting ourselves up for success.

Stay tuned to 'Punchline' as we continue hammering out construction industry insights, week after week!

Until next week,

Emre

Whenever you're ready, there are 3 ways I can help you:

1. Promote yourself to 8,000+ other subscribers within the construction industry by sponsoring this newsletter.

2. Expanding with the right team is crucial for growth, this is why we take care of your recruitment needs to ensure the position your hiring for is filled with the best person for that role.

3. If you’re turning over between £1m - £10m, and looking to scale your business further, we at Gurler Mae act as a growth partner within your business to implement proven frameworks and strategies, for target driven results.

Stay tuned for more insights, updates, and a dash of humour in our upcoming issues. Until then, keep noticing, keep learning, and keep building!