The 5 Steps Plan To Be Safe If You Fail In The Marine Industry
Written by Davide Scalia on May. 09th 2019
As ironic as it may sound, you need to have a proper plan so that you can fail safely, thereby cushioning against big impacts that failure can have on you and your organization.
 
Having a plan is needed in crisis situations as it can help you and your company move in the right direction.

Why Planning is Crucial? 

Planning is an obvious starting point for any business including the marine industry.

But this is easier said than done because many people fail to understand the importance of planning. They find many reasons to avoid and skip planning, eventually finding themselves lost in the midst. 

A plan gives you and your organization the structure you need to withstand and take on challenges.

How to Build an Effective Plan? 

Here are 5 steps to build an effective plan for your organization, without making any excuses to skip it.

1. Identify your status now with a complete overview of all elements in your company.

2. Identify your final target, defining it with as much detail as possible.

3. Make a list of what you have and what is missing to reach the target. 

4. Get rid of what you don't need.

5. Make an informed decision to strengthen the weak areas of your business by investing in them now in order to foster company growth.

 If you are clear about the elements stated above, it will truly allow you to be ready in case of failure. 

Remember that; you have to build a solid structure to move forward and be able to withstand any impact during the growth phase of your business. 
Use Your Company’s Resources to Your Business Advantage

You have to make a cold evaluation of your company’s necessary assets and cut the dry branches. Furthermore, try to use your company’s internal and external resources strategically to move forward.

You can do this by encouraging the involvement of your colleagues, partners, and employees. You can also ask for support from experienced people outside of your company.

Once your structure is solid, you will see that your company will be prepared to deal with any kind of failure because you have the competence and capabilities to adjust on the way to the top.

Trial and Error is Part of the Plan

View your plan as the main route. During the growth process, you will need to try and test different things and while you will make some errors, the result of the testing will give you the information that you need to make adjustments quickly and efficiently and change the main route.

That structure as mentioned before will allow you to be able to address issues promptly and optimize where necessary so that you can move in the right direction and achieve your final destination.

Word of Advice

This is the importance of a plan with the solidity of a structure and the value of internal guidelines.
Therefore, don't worry about investing your time and money into the planning process. 

It’s perfectly fine to get some help during the main route building. 

Remember that; the potential time and money lost without making investments are way bigger than the investment itself.

You will realize this in the long run as it will benefit your company and its people.

Thank you for reading, please share some of your experience on this.

Davide Scalia



CEO & Founder of Namaka Consulting, with over 15 years of experience in the Marine Industry and over 10 years experience on Strategic Business Development, helping over 500 businesses to clarify what to do next, increasing sales, giving new ideas for  exponential Business Growth
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