These steps provided here should be shared and that all key employees of the participating SMEs. 1. Know your strategy: that is, first of all, assemble the base, know what they want and have clear guidelines for how it will get, from that disaggregated its key strategy. Your company should have a strategic plan where it wants to dial go, if any, should apply, for more on this point read Strategy: what it is and how to apply to their business. 2. Sort: once you know what your key strategic divide into four groups that we talked about earlier. If this strategy is sufficiently prepared and filed, you do not have a problem in this step (if it has no clear proof to the contrary, based on the quad division, think about the key points of its SME strategy in reference to its Finance, Customers, Staff and internal processes). 3.
Convert these key objectives: to make that strategy is tangible and real, if your financial plan is not to borrow too much, set a goal for it, but it is real and possible, and be agreed by those involved in these objectives. So if, for example, you do not want to borrow and makes it a target of its activity, reached a deal in particular with who keeps the accounts, your financial adviser or consultant (as appropriate) to establish realistically means no debt. 4. Define the most appropriate indicators for the objectives of the SME and choose the desired values for these indicators, again is a task that must be done in consensus with those involved. Putting these target values will help you locate deviations and maintain contact with reality strategy. 5.
Start the process of monitoring and analysis: There are specific market tools (tools that store and even analyze the data), but are usually expensive enough that someone is responsible for tracking, maintaining the data and make a report an analysis of the data and find the key to strategy and reality are the same thing. Think carefully if you really controls the essential aspects of their activity, if really know your state, if not, should consider implementing a balanced scorecard before any unpleasant surprises appear at the next meeting and it is too late.