Identify The Gaps You Need To Fill In Your Business

August 4th, 2015
It’s not enough to want a record year; you need to make it happen. Stepping back for a moment and conducting a GAP Analysis will give you a clear picture of where you are, where you want your business to be and exactly what you need to do to have that great year. A GAP Analysis will also help you more effectively make decisions while you lead your team.

 Growing Trees

GAP ANALYSIS A GAP Analysis is a strategic planning tool. There is a simple five step process you can follow when conducting your GAP Analysis.
  1. Decide on the topic for your GAP Analysis. This is the challenge you are trying to tackle.
  2. List in detail where you are now, this represents your current reality.
  3. List exactly where you would like to be or a specific goal.
  4. Identify the gap, being as specific as possible.
  5. List how you will fill the gap identified. This should include specific action items that are dated and assigned to someone.
Fill out a GAP Analysis form for each challenge you will address this year. The most important step in the process of a GAP Analysis is step five. That is where you are going to take actions and make the changes necessary to achieve the goals you have set. These action items should be specific, assigned to someone and dated. It is critical that you review the progress on a consistent basis to ensure that these action items are being completed. A GAP Analysis is a great way to enforce accountability for not only your team, but for you as an entrepreneur. Implementation of change is not easy, but the rewards far outnumber the efforts to complete the action items. Limit yourself to no more than five or six GAP Analysis. If you try to implement too many changes, chances are you will end up implementing none. It is also most effective to focus on one GAP Analysis at a time to ensure completion of tasks assigned. Fill the gaps in your business and you are on your way to achieve a record year. If you would like a copy of our Gap Analysis Worksheet, contact my office at [email protected]   Barb Bruno, CPC, CTS  

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