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CLARIFYING COMPANY OBJECTIVES + Example

Roslyn Rice • January 10, 2023

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strategic planning

What is the best way to define a company objective?
How often should objectives be created?
What’s the difference between an objective and a goal?

At the beginning of the year, many business owners experience a new fiscal year starting. A fresh start requires a new plan of attack based upon the historical data from the previous fiscal year. As you are in the midst of compiling tax information for your accountant, take a moment to pause, analyze and forecast a new vision for 2023.

Objectives, goals, strategies and measurements are all critical to a business. 
Let’s first define each of them.

OBJECTIVES:
Defining an overarching breakthrough vision. It is clear, succinct, and linked to the company mission. In the midst of volatility in the marketplace a well written objective will become a company’s northstar. Limit to 3-5 annual objectives.

STRATEGIES:
The choices and actions you plan to make to achieve the defined objective. Where do you plan to focus your resources (time, money, people, etc.)? A well written strategy for each objective will clarify where to deploy a company’s limited resources.

GOALS:
Stepping stones to achieving the higher level objective. They should be S.M.A.R.T. That means specific, measurable, achievable, relevant, time bound and aligned with an objective. Goals should not be generic (ex: grow sales in 1st quarter). 

MEASURES:
Numerical benchmarks to track progress. KPIs (key performance indicators) are used as checkpoints to determine if strategies are performing. As a business owner, determine the K.P.I’s that are needed for your business. 
As an example an insurance agent will track policy retention, renewals and/or dollar amount of premiums. A hair stylist will track the number of bookings and/or products sold. K.P.I. 's will vary by industry.
Measures are the mile markers that let business owners know they are on track to achieve their outlined objectives.

Which one are you struggling to create for your business?
Are you finding it hard to elevate from the day to day operations?
Do you create time weekly for "big" thinking?
What plan have you mapped out for 2023?

As an owner starts creating the objectives for 2023 solicit feedback from leaders within your organization. If you are a solopreneur, book a session with DPI or utilize SBA resources (SCORE, Women Business Centers, Small Business Development Centers, etc.) to gain an expert opinion. 

The first step of building any strategic plan is reflecting on past performance. Gain clarity on where you've been in the past year. Utilize metrics and historical information to understand patterns within your business model. Reflect on customer reviews to see the consistency in their responses. 
Employee feedback surveys are also effective in understanding gaps in skills for a team. All of this type of information becomes a springboard to the next chapter in the company’s history.


PUTTING IT ALL TOGETHER EXAMPLE:
Let's imagine we own a pet grooming company called Malik Groomers. The owner has been in business for three years. There are multiple types of clients. 
The company vision is to be the local pet grooming, boarding, nutrition, and pet well-being establishment where customers always want to return and bring their pets.
However, they noticed during a S.W.O.T. (Strength, Weakness, Opportunity, Threat) analysis that the majority of their customers are over 40 years old. Local demographics show that most new pet owners are between the ages of 18-25 years of age. At the start of the year, Malik Groomers decided to make a change to capture the younger segment.

Defined Objective
Grow the number of customers in the 18-25 age group

Strategy
Identify the key needs and pains of the puppy pet segment in the geographical area. 
Analyze what options 18-25 year old pet owners are using. Identify keywords that have a high search volume on social media.
Create a content library to be used in social media and have dedicated keywords to optimize for

Goal
Create 12 online & store grooming classes (3 per quarter) by the end of 2023 so that young customers learn about Malik’s Groomers puppy pet grooming and nutrition services. 

Measurements
Analyze monthly keyword search volume, track ad budget spent, review video views/view time, organic search volume, sales conversions

This example showcases one objective for this pet grooming business. Every strategy, goal and measurement mapped back to the mission and vision of the company. 
If you need assistance, please schedule a complimentary discovery call with DPI. It takes time to develop a strategic plan but it is worth it. 

Happy New Year!

By Roslyn Rice March 24, 2025
In today's hyper-connected world, notifications, emails, and social media updates constantly pull at our attention. While technology has revolutionized how we do business and stay connected, it also has a downside: digital overload. Many business owners and professionals find themselves distracted, exhausted, and struggling to maintain deep focus. This is where a digital detox comes in—a strategic break from screens that can help reset your mind, improve productivity, and enhance overall well-being. Why a Digital Detox is Essential A digital detox isn’t about rejecting technology altogether—it’s about creating boundaries to use it more mindfully. The benefits extend far beyond just reducing screen time. Here’s why you should consider incorporating digital detoxes into your routine: Improved Focus and Productivit y – Constant notifications fragment attention , making it harder to complete deep, meaningful work. A detox helps retrain your brain for sustained concentration. Better Mental Health – Excessive screen time, especially on social media, is linked to increased anxiety and stress. Stepping away helps reduce mental clutter and fosters clarity. Enhanced Sleep Quality – Blue light from screens disrupts melatonin production, making it harder to fall asleep. A detox, especially in the evenings, can improve sleep cycles. Stronger Relationships – Being fully present in conversations strengthens connections with employees, clients, and loved ones, leading to more fulfilling relationships. Greater Work-Life Balance – Setting digital boundaries prevents work from consuming personal time, reducing burnout and increasing overall life satisfaction. How Often Should You Do a Digital Detox? The frequency of a digital detox depends on your lifestyle and work demands. However, here are a few recommendations: Daily Mini Detox: Set screen-free hours in the morning and before bedtime. Weekly Detox: Designate one day (such as Sundays) to significantly reduce digital use. Quarterly Deep Detox: Every few months, take a weekend or a few days away from digital devices to reset and refocus. Practical Steps to Implement a Digital Detox Now that we understand the benefits, let’s look at practical ways to incorporate digital detoxing into your life: Set Clear Boundaries – Establish screen-free zones (e.g., no phones at the dinner table) and time blocks where you check emails and social media. Turn Off Non-Essential Notification s – Constant alerts pull focus away from important tasks. Disable unnecessary notifications to regain control of your attention. Use Technology to Your Advantage – Leverage features like “Do Not Disturb” mode or screen time tracking apps to monitor and limit usage. Schedule Offline Activities – Replace screen time with activities such as reading, exercising, journaling, or engaging in hobbies that don’t involve devices. Inform Colleagues and Client s – If you’re doing a longer detox, communicate your availability in advance to set expectations and ensure business continuity. Embrace Nature and Movement – Spending time outdoors without devices helps recalibrate your brain, reduce stress, and improve creativity. Engage in Mindfulness Practices – Meditation, deep breathing, or simply being present in the moment can help reduce the urge to constantly check your phone. A digital detox is not about eliminating technology but about using it intentionally. Business owners, leaders, and professionals can greatly benefit from these mindful breaks, leading to increased productivity, better relationships, and improved well-being. By implementing structured detox periods—whether daily, weekly, or quarterly—you can create a healthier relationship with technology and reclaim control over your time and attention. Are you ready to take the challenge? Start small, stay consistent, and notice the transformative impact a digital detox can have on both your business and your personal life. Visit DPI2.com to access other leadership resources.
By Roslyn Rice March 13, 2025
Immigration Federal Law Compliance: Keep Your Business Safe Immigration enforcement has become a pressing concern for businesses, with increased federal scrutiny and worksite actions such as audits, inspections, and immigration raids. Non-compliance with federal immigration laws can lead to severe consequences, including fines, legal battles, and reputational damage. To safeguard your business, it’s essential to understand the legal landscape and adopt proactive measures. Below, we summarize key strategies to ensure compliance and prepare for potential enforcement actions. Understanding Federal Immigration Laws The Immigration Reform and Control Act (IRCA) mandates that all employers verify the identity and work authorization of their employees through Form I- 9. Employers are prohibited from knowingly hiring or continuing to employ individuals unauthorized to work in the U.S. Non-compliance with these requirements can result in civil and criminal penalties. Federal agencies such as U.S. Immigration and Customs Enforcement (ICE) enforce these laws through: Worksite enforcement actions (immigration raids) On-site inspections by U.S. Citizenship and Immigration Services (USCIS) Form I-9 audits These enforcement actions can be disruptive, often involving unannounced visits, detentions, and potential legal ramifications for both employers and employees. Best Practices for Compliance To mitigate risks associated with immigration enforcement, businesses should prioritize compliance through the following steps: 1. Ensure Organizational Compliance Adopt a proactive approach by: Training employees responsible for Form I-9 processes. Establishing an immigration compliance policy. Conducting regular internal audits of Form I-9 documentation. Correcting errors promptly and documenting corrective actions. Using tools like E-Verify to verify employee eligibility. 2. Conduct Internal Audits Internal audits are critical to ensuring compliance. Key steps include: Verifying that all current employees have completed Forms I-9. Reviewing completed Forms I-9 for accuracy. Addressing errors or missing information. Documenting all audit activities in an audit log. 3. Leverage E-Verify E-Verify is a free web-based system that helps employers confirm the employment eligibility of new hires. While voluntary for most businesses, it is mandatory for federal contractors and in some states. Enrolling in E-Verify can reduce liability by ensuring compliance with federal laws. 4. Participate in IMAGE Program The Mutual Agreement Between Government and Employers (IMAGE) program offers training and resources to help businesses improve compliance. IMAGE-certified employers may avoid certain legal risks associated with unauthorized employment. Preparing for Immigration Raids Despite best efforts, businesses may still face immigration raids. A well-prepared rapid response plan is essential to minimize disruption and protect your organization’s interests. Key Components of a Rapid Response Plan 1. Designate a Response Team Include HR representatives, legal counsel, and security personnel trained in immigration law. 2. Establish Communication Protocols Ensure clear communication between employees, managers, legal counsel, and ICE agents during a raid. 3. Train Employees Educate workers about their rights and responsibilities during a raid to prevent panic or obstruction. 4. Review Search Warrants Verify the validity of warrants presented by ICE agents and share them with legal counsel immediately. 5. Document Actions Record ICE agents’ activities during the raid to identify potential misconduct or violations. 6. Develop Business Continuity Plans Plan for operational disruptions by addressing staffing contingencies and maintaining morale post-raid. 7. Create Communication Strategies Prepare internal messaging for employees and external statements to manage public perception. Why Compliance Matters Immigration raids can have far-reaching consequences on your business operations, workforce morale, and public image. Proactively ensuring compliance with federal immigration laws not only protects your organization from legal exposure but also fosters a secure workplace environment. By implementing robust policies, conducting regular audits, enrolling in programs like E-Verify, and preparing for potential enforcement actions, you can safeguard your business against risks associated with non-compliance. Our DPI LLC team is able to support you with HR audits. For tailored guidance on navigating federal immigration laws or preparing for enforcement actions, consult legal counsel familiar with workplace immigration issues. Feel free to email the team at DPI LLC at info@dpi2.com.
By Roslyn Rice February 3, 2025
How to Gather and Use Case Studies to Grow Your Service-Based Business in 2025
By Roslyn Rice January 20, 2025
How to Gather and Use Case Studies to Grow Your Service-Based Business As the new year begins, it’s the perfect time to reflect on your business’s wins and identify opportunities for growth. One powerful tool to leverage in your marketing strategy is the customer case study. Case studies not only validate the value of your services but also create a connection with potential clients by showing how you solve real problems for real people. If you don’t already have case studies or testimonials readily available, now is the time to start collecting them. Below is a step-by-step guide to help you gather short, effective case studies from your clients and maximize their impact across your website and social media platforms. Before we provide the detailed step-by-step guide in part 2 of this blog, let’s first discuss why they are so important.
office closed for new year
By Roslyn Rice December 20, 2024
With only a few days left in the year, focus on these critical actions to set yourself up for success in the new year. 1. Change All Passwords Strengthen cybersecurity by updating passwords for email, financial platforms, and business software. Use unique combinations and a password manager to simplify tracking. Our team has used LastPass and 1 Password. These platforms can be used for personal passwords as well. 2. Reconcile Your Finances Ensure your books are up to date. Cross-check your bank statements, credit card charges, and accounting software for accuracy. This allows you to gradually start the tax preparation early for next year. 3. Make Year-End Contributions Maximize tax benefits by contributing to retirement accounts (e.g., SEP IRA, 401(k)) or charitable donations. Confirm deadlines to ensure your contributions count for this year. 4. Review and Pay Estimated Taxes Assess your income and ensure all quarterly tax payments are submitted to avoid penalties. Consult your accountant if you’re unsure of any amounts due. 5. Assess Your Accounts Receivable Send follow-up reminders to collect outstanding invoices. Resolve customer balances before year-end to improve cash flow. 6. Plan Tax Deductions Make necessary purchases for your business (e.g., equipment, software) that qualify for deductions under Section 179 or bonus depreciation. 7. Verify Contractor and Employee Information Confirm the accuracy of W-9s for contractors and W-2 information for employees to ensure a smooth tax reporting process. 8. Prepare for 1099 and W-2 Filing Start compiling forms you need to send out in January. If using payroll software, confirm it’s set to auto-generate these forms. 9. Review Your Goals Reflect on your business objectives and key metrics for the year. Identify areas for improvement and define priorities for Q1. Even if you did not make a goal this year, celebrate the forward progress you've made in your business. 10. Create an Organized Digital Backup Safeguard important business records, including tax documents, contracts, and client data, by backing them up securely in the cloud. Act now to finish the year strong and enter the new year with a solid foundation! Happy Holidays from the DPILLC team. Feel free to schedule your 2025 consulting session with the DPI LLC team. Visit DPI2.com for more information.
Crafting a Business Plan
By Roslyn Rice November 5, 2024
Discovering Your Business Secret Sauce - Business Model Canvas A Guide to Writing a Business Plan - Part 2 Writing a business plan doesn’t have to be a daunting task. Entrepreneurs often overcomplicate things by trying to fit into a traditional business plan template. Instead, we recommend using the Business Model Canvas tool. It is a streamlined, visual tool that lets you clearly outline the essentials of your business on one page. This method breaks your business down into 9 key components, each of which is vital for success. It was developed by Alexander Osterwalder and Yves Pigneur. Let’s dive into each section in plain English so you can apply this to your business plan right away. This is a 2-part blog. You can read the 1st part HERE . We will cover the remaining 4 sections that deal with the operations and cost structure of your business. 6. Key Resources What assets do you need to make your business run smoothly? Key resources can include physical assets like a store or warehouse, intellectual property like patents, human resources like employees, or even financial resources like investment capital. Without these resources, your business can’t function. 7. Key Activities These are the main tasks or operations that your business needs to focus on to deliver your value proposition to customers. It could be manufacturing, marketing, product development, or customer service. Identify the activities that are crucial to making your business model work. 8. Key Partnerships No business operates in a vacuum. Key partnerships are the people, organizations, or suppliers that you’ll need to rely on to succeed. These could be suppliers, manufacturers, or strategic alliances with other businesses. Think of who you need on your side to make your business work more efficiently. 9. Cost Structure Every business has costs, and this section is where you identify your most significant expenses . Are you spending most on production, marketing, or staffing? Understanding your cost structure helps ensure you’re running a profitable operation. Be clear on what your fixed and variable costs are and how they align with your overall strategy. The Business Model Canvas helps you see the big picture of your business while keeping it simple and manageable. Once you’ve filled in all nine sections, you’ll have a clear, concise business plan that not only outlines your business model but also provides the flexibility to adapt as you grow. Don’t treat your Business Model Canvas as a one-time task. Your business will evolve, so revisit it regularly to make sure you’re staying on track or adjust where necessary. By using this method, you’ll avoid the clutter of traditional business plans and focus on what truly matters: creating a successful business. DPI LLC is able to support you with planning, scaling, pivoting or even downsizing your business. You can schedule a free discovery call on our website DPI2.com .
Crafting a Business Plan
By Roslyn Rice October 22, 2024
Discovering Your Business Secret Sauce - Business Model Canvas A Guide to Writing a Business Plan - Part 1 Writing a business plan doesn’t have to be a daunting task. Entrepreneurs often overcomplicate things by trying to fit into a traditional business plan template. Instead, we recommend using the Business Model Canvas tool. It is a streamlined, visual tool that lets you clearly outline the essentials of your business on one page. This method breaks your business down into 9 key components, each of which is vital for success. It was developed by Alexander Osterwalder and Yves Pigneur. Let’s dive into each section in plain English so you can apply this to your business plan right away. This will be a 2-part blog. In the first section we will cover the first 5 sections that focus on how you develop business in your company. 1. Customer Segments This is where you define exactly who you’re serving. Every business serves one or more groups of people or organizations. Ask yourself, who are the most important people that will buy from you? You can break this down into different types of customers, such as individuals, businesses, or niche markets. Be as specific as possible because your entire business will revolve around these segments. 2. Value Propositions Your value proposition answers one simple question: Why should customers buy from you instead of someone else? It’s what makes you stand out. It could be anything from better prices, faster service, or a unique product or service that solves a problem in a new way. Think of it as the core promise or benefit you’re delivering to your customers. 3. Channels Channels are the ways you get your product or service to your customers. This can include physical locations, online stores, social media, or distributors. Consider how you will interact with your customers at every stage—from creating awareness to post-purchase support. Make sure you’re reaching your customers where they are. 4. Customer Relationships How do you plan to build and maintain a relationship with your customers? Will you provide personalized service, self-service, or automated assistance? This section explains how you’re going to interact with customers and keep them coming back. A great customer relationship strategy can turn one-time buyers into lifelong fans. 5. Revenue Streams This is where you outline how your business makes money. Think about the different ways you can generate revenue, whether through direct sales, subscription models, licensing, or other streams. Having multiple revenue streams can make your business more stable, so explore all the possibilities for how you can get paid. The Business Model Canvas helps you see the big picture of your business while keeping it simple and manageable. In our next blog we will cover the remaining 4 pieces that deal specifically with the operations and cost of the business. DPI LLC is able to support you with planning, scaling, pivoting or even downsizing your business. You can schedule a free discovery call on our website DPI2.com .
By Roslyn Rice October 3, 2024
HOW TO NAVIGATE A SALES SLUMP In a sluggish sales environment, particularly during a politically charged election season , it’s easy for business owners to feel overwhelmed . A slow stream of leads and price resistance from clients can create anxiety about covering operating expenses & payroll. However, downturns like these are an opportunity to shift focus, strengthen operations, and build resilience. Here are practical steps to maintain momentum even when sales are slow: 1. Focus on Existing Customers Your current clients are your best resource during a sales slump. Strengthen these relationships through personalized outreach, showing appreciation for their loyalty, and offering exclusive deals or value-added services. Upselling or cross-selling should be a natural extension of your customer care, not a hard sell. Be authentic in your approach. Consistent customer outreach keeps your company top of mind. 2. Offer Flexible Pricing and Payment Terms During times of financial uncertainty, clients are more price-sensitive . While lowering prices can be detrimental, consider offering flexible payment terms, bundling services, or creating limited-time offers. This demonstrates flexibility without undermining your value. Also, explore sourcing new suppliers if you continue to navigate a space of rising costs. 3. Double Down on Marketing Efforts Even when sales are down, marketing should not take a backseat. Ensure you're visible where your audience is spending time. Shift efforts to cost-effective strategies such as social media engagement, email marketing, or creating valuable content that keeps your brand top of mind. Investing in your brand during a downturn builds awareness that will pay off once consumer confidence rebounds. 4. Revisit Lead Generation Strategies It’s tempting to reduce spending on lead generation during a slowdown, but that can worsen the problem. Instead, diversify your approach. Leverage online channels, such as SEO and paid ads, to target high-intent buyers. Freshen up your Google business profile with updated photos and posts. Explore partnerships with complementary businesses to share client bases or develop a referral program. 5. Train and Optimize Your Sales Team Ensure your sales team is equipped to handle objections, especially around pricing. Ongoing training in negotiation and relationship-building skills can help convert hesitant leads. DPILLC is here to help with sales and leadership training. Additionally, analyze the sales funnel and identify any bottlenecks or inefficiencies that can be addressed to increase conversion rates. For instance, are there too many redundant steps to make a purchase when shopping online? 6. Engage in Thought Leadership Establishing your business as an authority in your industry can build trust during uncertain times. Share your expertise through expert blogs, webinars, and free consultations. This not only keeps your brand relevant but also builds confidence in potential clients who may be waiting for the right moment to commit. Slow sales don’t have to derail your business. By focusing on customer retention, adjusting pricing strategies, and maintaining a strong marketing presence, you can weather the storm and come out stronger. Remember, periods of uncertainty are temporary, but the strategies you implement now can build long-term resilience and create opportunities when the market turns in your favor. Visit DPI2.com to schedule a complimentary discovery call to help during these uncertain times.
By Roslyn Rice August 3, 2024
Have you enjoyed watching the Summer Olympics? Employee engagement is a cornerstone of organizational success. High levels of engagement are linked to increased productivity, better employee retention and a stronger organizational culture. DPILLC recently interviewed Jackie Kindall , Founder and CEO of Kindall Evolve about ways to improve company culture. Since culture is intangible the team at Kindall Evolve walks leaders through the transformation. You can watch the full interview video HERE . Here are the top 3 ways to improve engagement. 1. Foster Open Communication Transparent and Honest Dialogue Creating an environment where open communication thrives is essential. Employees need to feel their voices are heard and valued. Implementing regular town hall meetings, Q&A sessions with leadership, and open-door policies can significantly improve transparency. Encourage feedback through anonymous surveys and suggestion boxes to allow employees to express concerns without fear of reprisal. Action Steps : Schedule monthly town hall meetings Implement an anonymous feedback system Train managers in active listening and effective communication skills 2. Invest in Professional Development Career Growth Opportunities Employees are more likely to stay engaged if they see a clear path for career advancement. Offering training programs , mentorship opportunities and career development plans demonstrates a commitment to employee growth. Customized learning paths that align with both organizational goals and individual aspirations can lead to a more motivated and skilled workforce. Action Steps : Develop and promote an internal mentorship program Offer regular workshops and courses tailored to various skill levels Create personalized career development plans during performance reviews 3. Recognize and Reward Contributions Acknowledgement and Incentives Recognition is a powerful motivator. Employees who feel appreciated are more likely to be engaged and committed to their work. Implementing a structured recognition program that includes both monetary and non-monetary rewards can enhance morale. Recognize achievements through awards, shout-outs in meetings, or personalized thank-you notes. Action Steps : Establish a formal recognition program with clear criteria Encourage peer-to-peer recognition Celebrate milestones and achievements both publicly and privately Improving employee engagement is an ongoing process that requires dedication and strategic action. The team at DPILLC is here to support you in this area. Let's Go For The Gold Together!
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