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Other Added - Strategic Planning for a Small Business - Overcome the Challenges
Sales Openers: Should You Greet With Hello, Hi, or Starkly Recite Your Name? , and developing a set of 'key assumptions'. Optimal strategies are designed based on all of these factors. As the environment changes, so should our plans. One way to assess whether it is time to conduct a new strategic planning process is to check your list of 'key assumptions' on an annual basis to see if anything has changed.You’re sitting down to make some phone calls to a prospecting list that you’ve assembled or purchased.Everything looks good, and you even have your script, your sales spiel, in front of you.But I’ll bet there’s something you either forgot to insert into that call path or that you didn’t completely think through: the very first words that would flow from your lips.Specifically, what is the VERY FIRST WORD you’re going to use, and did you select it after fully considering its impacts?Let’s examine three starters: (1) Hello; (2) Hi, (3) and I.(1) Hello is probably your first impulse, but it sounds formal, as if you are a stranger to that company. You’re on your best behavior with hello, and a call screener will recognize it, and she’ll be put on her guard believing there is a refutable presumption that you don’t deserve to get your way and to speak with the intended target of your I HAVE A PLAN- "I wrote a business plan when I started the business" The act of strategic planning is often confused with a business plan. Business plans are usually drafted to obtain financing, then wind up filed away. The strategic planning process is an activity that is conducted every few years to evaluate opportunities, wrestle with environmental changes, build consensus, and to create updated goals. The output (a strategic plan) is a short working document that defines the positioning and future of the organization, with an action plan to get from here to there. ORGANIZATION DYNAMICS- "I could never get everyone to agree on the best way to move forward. Anyway, shouldn't it be my vision?" An effective planning process will help to get people talking, and ensure that the business owner/CEO benefits from the ideas of his/her team. A good From Playing Card to Business Card WHY PLAN?Without the development of the printing press in 1445 the Renaissance may never have happened, and Johann Gutenberg the inventor certainly did not know he was sowing the seeds of the business card entrepreneur’s bonanza we have today. What civilisation gained from Gutenberg’s invention is incalculable.Visting CardsVisiting cards (also known as calling cards) first appeared in China in the 15th century, and the earliest European form of visiting cards appeared in France in the 17th century during the reign of Louis XIV – “Le Roi Soleil”. They were normal playing cards on which visitors wrote their signatures, promissory notes and other messages. The cards were just a little smaller than the size of a man’s hand. As time went by, these visiting cards further developed into greeting and other cards.The business card evolved from the Visiting card over time, but through it’s evolution it’s pu Things are ok. But how do you know you are thinking BIG enough? Are you leveraging the strengths, interests and talents on your team? Will you wind up in a place that will make you happy? What exactly is the best game plan? It is not that you haven't been thinking about these questions. The business environment is complex and the choices are daunting. How do you answer the hard questions? For the same reasons that pilots use maps when they fly cross-country and chefs follow recipes, it makes good sense to work towards organizational and personal goals with a written plan. One can operate without a plan, and many do, but the results probably won't be optimal. A strategic thinking and planning process can help to create a framework where you take control of the business, instead of sitting back and watching the business taking control of you. For many, the process of planning (thinking, discussing, researching and analyzing) is even more useful than the final plan. A planning process can help to sharpen a vision, evaluate alternative paths, build common understanding and commitment, balance dreams with reality, and transform uncertainty into action. SOUNDS GOOD BUT MOST SMALL BUSINESSES DON'T PLAN Although there is a lot of research correlating success with planning, it probably won't surprise you that the majority of small businesses don't have a written strategic plan. The reasons why are varied but some common themes include: "It's not the best use of my/our limited time", "planning takes away flexibility", "there are too many uncertainties", "we have a business plan", "building consensus is too difficult", and "it will cost too much". These are all real concerns, especially to the small business owner. The dichotomy is that the very reasons why organizations avoid planning are the same reasons that planning can be so effective. Let's take a look.... TIME- "We are so overwhelmed - hiring, making sure our customers are happy, getting new products out - we just don't have time to think about next week, forget about next year. Somehow, the future will just have to take care of itself." Thinking versus action provides a dilemma for many professionals. We are action oriented. When we are doing something, we feel productive. When we take the time to think, we feel unproductive. We need to do both. Without investing the time and effort to think about where we're headed, it is likely we won't get there. When we become so involved in the day to day that we risk losing perspective, it is time to step back. If we stay mired in the trenches, the easiest solution is often implemented, not the best one. Planning takes time, but it leads to a focused use of the limited time available. FLEXIBILITY- "We like to stay open to opportunities as they arise." Creating a strategic plan doesn't mean that your business can't be flexible. A plan sets the foundation so that when things start changing; there is a baseline from which to evaluate new opportunities. Out of strategic planning come decisions like: "we will approach this target market, not that one", "we will offer these products or services, not those", "we will accomplish this objective before anything else." Written plans demonstrate that careful consideration has been given to the future. It is easier to make these kinds of decisions strategically with a longer-term view. When things get stressful, it becomes difficult to see all of the options well enough to make educated decisions. "We have a basic idea of where we are headed, why write it down?" Unwritten goals are simply thoughts that will change as often as your opinions change. The act of writing out goals helps to clarify them and can provide an objective way of tracking them against actual results. Magic happens when you put goals on paper, they start to become real. You begin to make commitments, and are open to opportunities you may not have noticed before. UNCERTAINTY- "Strategic planning is a business school concept developed when people thought they could anticipate and predict the future. How can we plan in a world that is highly uncertain?" Uncertainty is a real issue in forward planning. However, putting our heads in the sand probably isn't the best solution. Most organizations have their strategies, structure, and service offering challenged on a regular basis. To remain successful it is vital to ask the following strategic questions on a regular basis: Where are we now? Where are we going? How are we going to get there? Strategic planning helps a business evaluate market opportunities. To do this effectively, the process includes collecting and analyzing information about the business environment, understanding internal strengths, and developing a set of 'key assumptions'. Optimal strategies are designed based on all of these factors. As the environment changes, so should our plans. One way to assess whether it is time to conduct a new strategic planning process is to check your list of 'key assumptions' on an annual basis to see if anything has changed. I HAVE A PLAN- "I wrote a business plan when I started the business" The act of strategic planning is often confused with a business plan. Business plans are usually drafted to obtain financing, then wind up filed away. The strategic planning process is an activity that is conducted every few years to evaluate opportunities, wrestle with environmental changes, build consensus, and to create updated goals. The output (a strategic plan) is a short working document that defines the positioning and future of the organization, with an action plan to get from here to there. ORGANIZATION DYNAMICS- "I could never get everyone to agree on the best way to move forward. Anyway, shouldn't it be my vision?" An effective planning process will help to get people talking, and ensure that the business owner/CEO benefits from the ideas of his/her team. A good Project/Program Management Best Practices for Success in ANY Industry! OD BUT MOST SMALL BUSINESSES DON'T PLANWhere is our success? Although there have been improvements, over 60% of projects/programs failed and many were canceled in 2003 (ref:The Standish Report CHAOS)! Our goal for 2004 and beyond is to contribute to a 60% and better, project/program success rate! STOP THE MADNESS-MANAGE AND CONTROL PROJECTSWITH THE FOLLOWING:Best Practice Processes for Project/Program Success(Outline):Program/Project Management (and Business Management) (Integration)Use of Experience and Knowledge (Integration)Planning and Scheduling/WBS (Scope/Time/Cost)Communication Planning (Communication)Status & Earned Value Reporting (Communication)Performance (metrics) Reporting (Communication)Risks Identification and Management (Risks)Project Repository/DB (Communication/Lessons Learned/Knowledge Transfer)Cha Although there is a lot of research correlating success with planning, it probably won't surprise you that the majority of small businesses don't have a written strategic plan. The reasons why are varied but some common themes include: "It's not the best use of my/our limited time", "planning takes away flexibility", "there are too many uncertainties", "we have a business plan", "building consensus is too difficult", and "it will cost too much". These are all real concerns, especially to the small business owner. The dichotomy is that the very reasons why organizations avoid planning are the same reasons that planning can be so effective. Let's take a look.... TIME- "We are so overwhelmed - hiring, making sure our customers are happy, getting new products out - we just don't have time to think about next week, forget about next year. Somehow, the future will just have to take care of itself." Thinking versus action provides a dilemma for many professionals. We are action oriented. When we are doing something, we feel productive. When we take the time to think, we feel unproductive. We need to do both. Without investing the time and effort to think about where we're headed, it is likely we won't get there. When we become so involved in the day to day that we risk losing perspective, it is time to step back. If we stay mired in the trenches, the easiest solution is often implemented, not the best one. Planning takes time, but it leads to a focused use of the limited time available. FLEXIBILITY- "We like to stay open to opportunities as they arise." Creating a strategic plan doesn't mean that your business can't be flexible. A plan sets the foundation so that when things start changing; there is a baseline from which to evaluate new opportunities. Out of strategic planning come decisions like: "we will approach this target market, not that one", "we will offer these products or services, not those", "we will accomplish this objective before anything else." Written plans demonstrate that careful consideration has been given to the future. It is easier to make these kinds of decisions strategically with a longer-term view. When things get stressful, it becomes difficult to see all of the options well enough to make educated decisions. "We have a basic idea of where we are headed, why write it down?" Unwritten goals are simply thoughts that will change as often as your opinions change. The act of writing out goals helps to clarify them and can provide an objective way of tracking them against actual results. Magic happens when you put goals on paper, they start to become real. You begin to make commitments, and are open to opportunities you may not have noticed before. UNCERTAINTY- "Strategic planning is a business school concept developed when people thought they could anticipate and predict the future. How can we plan in a world that is highly uncertain?" Uncertainty is a real issue in forward planning. However, putting our heads in the sand probably isn't the best solution. Most organizations have their strategies, structure, and service offering challenged on a regular basis. To remain successful it is vital to ask the following strategic questions on a regular basis: Where are we now? Where are we going? How are we going to get there? Strategic planning helps a business evaluate market opportunities. To do this effectively, the process includes collecting and analyzing information about the business environment, understanding internal strengths, and developing a set of 'key assumptions'. Optimal strategies are designed based on all of these factors. As the environment changes, so should our plans. One way to assess whether it is time to conduct a new strategic planning process is to check your list of 'key assumptions' on an annual basis to see if anything has changed. I HAVE A PLAN- "I wrote a business plan when I started the business" The act of strategic planning is often confused with a business plan. Business plans are usually drafted to obtain financing, then wind up filed away. The strategic planning process is an activity that is conducted every few years to evaluate opportunities, wrestle with environmental changes, build consensus, and to create updated goals. The output (a strategic plan) is a short working document that defines the positioning and future of the organization, with an action plan to get from here to there. ORGANIZATION DYNAMICS- "I could never get everyone to agree on the best way to move forward. Anyway, shouldn't it be my vision?" An effective planning process will help to get people talking, and ensure that the business owner/CEO benefits from the ideas of his/her team. A good Career Move - A Step By Step Guide effort to think about where we're headed, it is likely we won't get there.Most people die from the neck up at age 25 because they stop dreaming, some people are managing their dreams after age 25 because they have been busy making their dreams their reality.A step at a time is progressToday I will give you a quick summary of the 5 key steps you need to take in order to make a career move that will change your life for the best. You can get the full content from our website. Each step has been carefully thought out, tried and tested with phenomenal results. Take your time and digest it.Step 1: For get your past mistakes. Forgive yourself because if you don’t, you will always be tied to your past and it will hinder you from making bold and life changing decisions for fear of repeating the same mistakes again. Learn from it and move on.Step 2: Start with the end in mind. Discover what you want to achieve at each stage of your life and the When we become so involved in the day to day that we risk losing perspective, it is time to step back. If we stay mired in the trenches, the easiest solution is often implemented, not the best one. Planning takes time, but it leads to a focused use of the limited time available. FLEXIBILITY- "We like to stay open to opportunities as they arise." Creating a strategic plan doesn't mean that your business can't be flexible. A plan sets the foundation so that when things start changing; there is a baseline from which to evaluate new opportunities. Out of strategic planning come decisions like: "we will approach this target market, not that one", "we will offer these products or services, not those", "we will accomplish this objective before anything else." Written plans demonstrate that careful consideration has been given to the future. It is easier to make these kinds of decisions strategically with a longer-term view. When things get stressful, it becomes difficult to see all of the options well enough to make educated decisions. "We have a basic idea of where we are headed, why write it down?" Unwritten goals are simply thoughts that will change as often as your opinions change. The act of writing out goals helps to clarify them and can provide an objective way of tracking them against actual results. Magic happens when you put goals on paper, they start to become real. You begin to make commitments, and are open to opportunities you may not have noticed before. UNCERTAINTY- "Strategic planning is a business school concept developed when people thought they could anticipate and predict the future. How can we plan in a world that is highly uncertain?" Uncertainty is a real issue in forward planning. However, putting our heads in the sand probably isn't the best solution. Most organizations have their strategies, structure, and service offering challenged on a regular basis. To remain successful it is vital to ask the following strategic questions on a regular basis: Where are we now? Where are we going? How are we going to get there? Strategic planning helps a business evaluate market opportunities. To do this effectively, the process includes collecting and analyzing information about the business environment, understanding internal strengths, and developing a set of 'key assumptions'. Optimal strategies are designed based on all of these factors. As the environment changes, so should our plans. One way to assess whether it is time to conduct a new strategic planning process is to check your list of 'key assumptions' on an annual basis to see if anything has changed. I HAVE A PLAN- "I wrote a business plan when I started the business" The act of strategic planning is often confused with a business plan. Business plans are usually drafted to obtain financing, then wind up filed away. The strategic planning process is an activity that is conducted every few years to evaluate opportunities, wrestle with environmental changes, build consensus, and to create updated goals. The output (a strategic plan) is a short working document that defines the positioning and future of the organization, with an action plan to get from here to there. ORGANIZATION DYNAMICS- "I could never get everyone to agree on the best way to move forward. Anyway, shouldn't it be my vision?" An effective planning process will help to get people talking, and ensure that the business owner/CEO benefits from the ideas of his/her team. A good Lack Of Business Isn't Always The Problem down?"When you're just starting out in business, it's a safe bet that you need more clients. But what if you have been up and running for a while, and you're still not making as much money as you would like? You may be in the habit of thinking that attracting new clients is the answer, but this isn't always the case.There are many reasons why a professional services business might not be earning enough, but they typically fall into four categories: not enough revenue, not enough profit, not enough customers, or not enough time.Start by looking at your gross revenue -- the total amount your customers pay you over the course of a year. How does it compare to others in the same line of business? Ask some trusted colleagues or check with your professional association for any statistics they may have.What percentage of your gross revenue remains after you cover cost of sales? This is your gross profit. Unwritten goals are simply thoughts that will change as often as your opinions change. The act of writing out goals helps to clarify them and can provide an objective way of tracking them against actual results. Magic happens when you put goals on paper, they start to become real. You begin to make commitments, and are open to opportunities you may not have noticed before. UNCERTAINTY- "Strategic planning is a business school concept developed when people thought they could anticipate and predict the future. How can we plan in a world that is highly uncertain?" Uncertainty is a real issue in forward planning. However, putting our heads in the sand probably isn't the best solution. Most organizations have their strategies, structure, and service offering challenged on a regular basis. To remain successful it is vital to ask the following strategic questions on a regular basis: Where are we now? Where are we going? How are we going to get there? Strategic planning helps a business evaluate market opportunities. To do this effectively, the process includes collecting and analyzing information about the business environment, understanding internal strengths, and developing a set of 'key assumptions'. Optimal strategies are designed based on all of these factors. As the environment changes, so should our plans. One way to assess whether it is time to conduct a new strategic planning process is to check your list of 'key assumptions' on an annual basis to see if anything has changed. I HAVE A PLAN- "I wrote a business plan when I started the business" The act of strategic planning is often confused with a business plan. Business plans are usually drafted to obtain financing, then wind up filed away. The strategic planning process is an activity that is conducted every few years to evaluate opportunities, wrestle with environmental changes, build consensus, and to create updated goals. The output (a strategic plan) is a short working document that defines the positioning and future of the organization, with an action plan to get from here to there. ORGANIZATION DYNAMICS- "I could never get everyone to agree on the best way to move forward. Anyway, shouldn't it be my vision?" An effective planning process will help to get people talking, and ensure that the business owner/CEO benefits from the ideas of his/her team. A good How to Prepare for A Performance Appraisal , and developing a set of 'key assumptions'. Optimal strategies are designed based on all of these factors. As the environment changes, so should our plans. One way to assess whether it is time to conduct a new strategic planning process is to check your list of 'key assumptions' on an annual basis to see if anything has changed.Performance appraisal should be treated as an ongoing developmental process rather than a formal once-a-year review. It should be closely monitored by both employee and reviewer to ensure that targets are being achieved. By preparing yourself diligently and demonstrating a willingness to co-operate with your reviewer to develop your role, you will create a positive impression.To enable you to assess your own performance as objectively as possible, try to view it from your manager's perspective. Make sure you are conversant with the company's assessment policies and procedures. Study the performance appraisal documentation carefully. Go through it step by step, anticipating comments and preparing your responses.Analyse your agreed performance targets. To what extent did you achieve them?Consider your job description, your role within the organization, your duties and responsibilities. I HAVE A PLAN- "I wrote a business plan when I started the business" The act of strategic planning is often confused with a business plan. Business plans are usually drafted to obtain financing, then wind up filed away. The strategic planning process is an activity that is conducted every few years to evaluate opportunities, wrestle with environmental changes, build consensus, and to create updated goals. The output (a strategic plan) is a short working document that defines the positioning and future of the organization, with an action plan to get from here to there. ORGANIZATION DYNAMICS- "I could never get everyone to agree on the best way to move forward. Anyway, shouldn't it be my vision?" An effective planning process will help to get people talking, and ensure that the business owner/CEO benefits from the ideas of his/her team. A good process is designed to build confidence, support and commitment among all involved. Even if only a limited group is included in the process, the completion of a strategic plan provides a great opportunity to communicate the company's direction and core values to employees. The use of an outside facilitator can greatly enhance the effectiveness of a planning process and keep the process on track. There is often a strong tendency of those participating to focus the discussions on today's problems. An outside facilitator can help to broaden thinking and make sure that new ideas and directions are generated. COST- "We don't have a budget for planning." With all the activities that make up running a business, setting priorities in the context of a plan is important. Without a plan, the limited resources of a growing business will tend to be scattered in many directions, netting results that take longer and cost more. What are your personal priorities? Is profitability, work/life balance, a motivated staff, or public recognition on your list? What are the personal benefits of achieving your goals? What are the consequences if you don't? If you are serious about your business, it is time to overcome the challenges to planning and start to soar. Don't hesitate to enlist help. Stop thinking about a better future, TAKE ACTION!
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