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Value Creation Blog

4 Reasons You Want to Use Mind Maps To Illustrate Company Plans

Posted by Josh Patrick

Mind Map ImageGrowing a business is something many business owners want to do.  I find that in many cases growth happens without any real forethought about the resources that are needed to manage new business in an organized manner.  My belief is most businesses would help themselves greatly if they were to build an organizational chart of what their business would look like as different sales levels are achieved.

There is a visual value in organizational charts that allow you to look at your business in a manner where you can conceptualize what the business will need.  Business plans are nice, but they require that you only use your left brain.  Making a graphical illustration of your business not only allows you to see what your business will look like, but also get a feeling what what roles and types of people to fill those roles might be.

Using a visual representation of your future business will do the following:

It allows you to easily communicate what your future business will look like - As you grow your business you will want to have others in your organization support your growth plans.  Allowing others to see your vision will help them either support or not support your growth.  If they choose to not support the growth, you can help them find other places to work that are more appropriate.

It allows you to easily move need activities around - When you make a visual representation of your plans it becomes easy to make changes as you remember or think of different activities that you’ll need.  When writing about growth in a business plan format making changes often requires a major re-write in what you’ve done. 

A visual representation of your business uses your whole brain - There has been a lot of writing about using both sides of your brain in planning exercises.  When you use a visual representation of your future company you engage your left brain in sequential planning and your right brain in holistic thoughts.

It’s easy to show how added functions work with present functions - A visual representation can show how new functions are added and used in conjunction with functions you presently have in your business.  You can also organize your business growth by business function and or niche function.  Both are useful for you to communicate your ideas to others. 

The real issue that’s important for is for you and those who are important in your business to understand what it will take to grow the business.  Using a visual representation of this is easy to do and easy to understand.  It’s the easy part that I like.

Josh Patrick

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Securities and Investment Advisory Services offered through NFP Securities, Inc. (NFPSI), Member FINRA/SIPC. Stage 2 Planning Partners and NFPSI are not affiliated.

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Topics: value creation, Mind Maps, enterprise value, value enhancement

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