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  • Jordy Guillon

Digital Adoption Business Plan, What is it?

People working on computers. Text: Digital Adoption Business Plan, What is it?

The Canadian government has set aside $4 billion in grants and loans to help small businesses become more competitive. To receive the $15,000 grant, you must create a digital adoption business plan with a certified advisor. This plan will cover two main things: digital assessment and digital strategy.

The digital assessment will provide a comprehensive overview of your company's current state, including accounting, operations, sales and marketing, and information technology. You will identify strengths, weaknesses, opportunities, and threats to your company and break down your business goals and competitors in the marketplace. You will also evaluate the technology you are currently using and create a prioritized roadmap to guide the implementation of improvements.

The digital strategy component of the plan will help you prioritize and lump similar tasks together for higher levels of success in execution. You will develop a vision statement and identify three to four strategic themes to categorize your action plan items. You will dive into specific solutions for your organization's problems, researching and comparing the best solutions for your situation.

Communication and accountability will be established, along with key measurables to monitor success and potential challenges to overcome.

With a successful digital adoption business plan, you will lay the foundations for execution and transform your business to achieve your goals. By working with an experienced advisor, such as Argento CPA, you can increase the likelihood of success and take advantage of the government's grant program. Don't miss out on this opportunity to improve your business and become more competitive in the global marketplace. Contact us today to learn more about creating your digital adoption business plan.

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