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5 Signs You Need 
A (Better) Business 
Strategy 
By Lea Woodward
The Top 5 Give Aways... 
After 8+ years of running my own ventures, I noticed 
that one of the key things blocking people from making 
a successful and profitable go of their business was... 
you guessed it: 
Lack of (or poor) business strategy! 
Want to know how you can tell? Here’s how...
#1 You Bounce From One Idea to the Next. 
Focus? What’s that? 
I’m Multi-Passionate. 
I like to work on everything. 
All at the same time.
If you’re still bouncing from idea to idea... 
● STOP searching for that unique idea - almost everything has 
already been done - but doing it YOUR way can most 
definitely be unique. 
● What you choose NOT to do can say more about you than 
what you choose to do. Say NO often. 
● Create a framework to decide what to do - it can be broad, 
loose and flexible, but it gives you *some* boundaries to 
play within! 
● FOCUS. Give your best idea at least 6 months of sole focus. If 
it’s not flying by then, move on.
#2 You Don’t Know What Your Business Stands For. 
“I can honestly say I have never gone 
into any business purely to make 
money. If that is the sole motive, then I 
believe you are better off not doing it.” 
– Richard Branson
If you don’t know what your business stands for... 
● Why do you exist? 
● What compromises will you NOT make? 
● This is part of your unique story – no-one can take 
this away from you. 
● Almost all of the biggest and best missions are NOT 
related to making money. 
e.g. Apple’s latest mission statement includes this: “...everything we 
touch enhances each life it touches.”
#3 You Don’t Know Where Your Business Is Going. 
"Would you tell me, please, which way I ought 
to go from here?" 
"That depends a good deal on where you want 
to get to," said the Cat. 
"I don't much care where –" said Alice. 
"Then it doesn't matter which way you go," 
said the Cat. 
– From Alice's Adventures in Wonderland.
If you don’t know where your business is going... 
● How will you know when you get ‘there’? 
● How are you deciding which way is the 
‘right’ way, when faced with a crucial 
decision? 
● You need milestones along the way to tell 
you whether you’re on track – but on track 
to where?
#4 You Aren’t Making Enough Money. 
“However beautiful the strategy, you 
should occasionally look at the results.” 
– Winston Churchill
If you aren’t making enough money… 
● Something’s not working. What is it? 
● Do you know how much you NEED and WANT to 
make? (They’re different). 
● Charge what your solution is worth NOT what 
you think people will pay – what value does it 
create for customers & clients? 
● And if you don’t know, ask. What are the results 
worth to them?
#5 You Struggle to Prioritise What to Work On. 
“There is nothing so useless as doing 
efficiently that which should not be 
done at all.” 
– Peter Drucker
If you struggle to prioritise what to work on... 
● What’s going to get you to your next milestone 
the fastest? Do that. 
● What do you WANT to work on? Do that. 
● If all else fails, pick ONE thing to do right now 
and go and DO that. Don’t stop until it’s done. 
● Now GO!
Thank You! 
If you need a better plan, try this: http://www. 
valuesbasedbusinessplan.com/plan

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5 Signs You Need a (Better) Business Strategy

  • 1. 5 Signs You Need A (Better) Business Strategy By Lea Woodward
  • 2. The Top 5 Give Aways... After 8+ years of running my own ventures, I noticed that one of the key things blocking people from making a successful and profitable go of their business was... you guessed it: Lack of (or poor) business strategy! Want to know how you can tell? Here’s how...
  • 3. #1 You Bounce From One Idea to the Next. Focus? What’s that? I’m Multi-Passionate. I like to work on everything. All at the same time.
  • 4. If you’re still bouncing from idea to idea... ● STOP searching for that unique idea - almost everything has already been done - but doing it YOUR way can most definitely be unique. ● What you choose NOT to do can say more about you than what you choose to do. Say NO often. ● Create a framework to decide what to do - it can be broad, loose and flexible, but it gives you *some* boundaries to play within! ● FOCUS. Give your best idea at least 6 months of sole focus. If it’s not flying by then, move on.
  • 5. #2 You Don’t Know What Your Business Stands For. “I can honestly say I have never gone into any business purely to make money. If that is the sole motive, then I believe you are better off not doing it.” – Richard Branson
  • 6. If you don’t know what your business stands for... ● Why do you exist? ● What compromises will you NOT make? ● This is part of your unique story – no-one can take this away from you. ● Almost all of the biggest and best missions are NOT related to making money. e.g. Apple’s latest mission statement includes this: “...everything we touch enhances each life it touches.”
  • 7. #3 You Don’t Know Where Your Business Is Going. "Would you tell me, please, which way I ought to go from here?" "That depends a good deal on where you want to get to," said the Cat. "I don't much care where –" said Alice. "Then it doesn't matter which way you go," said the Cat. – From Alice's Adventures in Wonderland.
  • 8. If you don’t know where your business is going... ● How will you know when you get ‘there’? ● How are you deciding which way is the ‘right’ way, when faced with a crucial decision? ● You need milestones along the way to tell you whether you’re on track – but on track to where?
  • 9. #4 You Aren’t Making Enough Money. “However beautiful the strategy, you should occasionally look at the results.” – Winston Churchill
  • 10. If you aren’t making enough money… ● Something’s not working. What is it? ● Do you know how much you NEED and WANT to make? (They’re different). ● Charge what your solution is worth NOT what you think people will pay – what value does it create for customers & clients? ● And if you don’t know, ask. What are the results worth to them?
  • 11. #5 You Struggle to Prioritise What to Work On. “There is nothing so useless as doing efficiently that which should not be done at all.” – Peter Drucker
  • 12. If you struggle to prioritise what to work on... ● What’s going to get you to your next milestone the fastest? Do that. ● What do you WANT to work on? Do that. ● If all else fails, pick ONE thing to do right now and go and DO that. Don’t stop until it’s done. ● Now GO!
  • 13. Thank You! If you need a better plan, try this: http://www. valuesbasedbusinessplan.com/plan