For entrepreneurs and executives, setting aside time to engage in strategic planning for their business is the highest priority task.
Here are three myths that entrepreneurs should understand before they begin their journey toward creating the next big business.
I have dedicated several recent blog posts to the importance of creating a multi-faceted business plan, which may seem excessive until one realizes how integral this document is to the strategy and direction your business takes. These plans are comprised of four parts: business definition, objectives, operational strategies and financial management. The final major portion of the business plan is [...]
Developing a vision for your company is the first step in laying a solid foundation upon which to build your business. When you have a sound understanding of what you hope to achieve and gain from the enterprise at the outset - and likewise, how you want others to benefit from your services - you will have a strong reference point as your organization matures and faces challenges you would not [...]
In my last post, I discussed the importance of determining a vision and strategy to guide you through the myriad challenges of leadership. While creating plans for how you will develop and organize your staff, you must also identify the business opportunities that will help you achieve your financial goals and sustain your vision. Where do you find clients? What products and services do [...]