|
| ||
|
| ||
|
Strategic Planning | |
|
| ||
|
|
Why Do a Business Plan?
To Grow (Catapult) Your Business That's Why. When it's in your head it's not as likely to happen--too much missed. Before becoming an executive business coach, in my previous career as an electrical engineer I discovered some key practical things about business planning that showed me how to explode the growth of a business. When I was in college if I was asked to design something my designs always worked?.on paper. When I got out of college, my boss would frequently come to me and ask if I knew how to design this or that. I always answered confidently, "Sure, I know how. Pointing to that space between my ears." Then I would design it on paper. And the first aha I learned was that once written down I could see more than I could when it resided between the ears. This piece just didn't come together with that piece?.and that one?.and that one?. So, I would gradually work out all of the gotcha's until all of the pieces worked on paper. Then I'd go build one?.. And it almost never worked. I had made an assumption about something in the real world that wasn't quite right. I'd missed something about the real world. So, I'd work back and forth from the ideal paper design to the real world result until it started working in the real world. Then I'd go back and document that on paper. Now the real BIG AHA! I don't believe there is a self-respecting engineer anywhere in the world that is ready to release his design to production when production is screaming for it. The reason??? Once the engineer has a real working example on paper things start jumping off the paper at you. You can see things you didn't even think of before. There are new concepts there. "Gee, I didn't see that. If I change this?it'll work better." Or.."Wow, over here, if I do ____ then it'll be cheaper to produce" Actually, once it's on paper and working it's almost never ending what you keep finding. Business Planning Between the Ears Doesn't Allow You to Find the Opportunities or the Gotcha's That Paper Planning Shows You Clearly I had said to my boss, "Sure I know how" when he asked me if I knew how. But it was between my ears. I learned that you have to get it on paper to start seeing the gotcha's before you can fix them, and once you build a real one you start learning new things about how to optimize, how to make it cheaper, how to make it work better, and it never ends. There are so many opportunities to make it better. Now, let me ask you one more question: How many people do you know that are running their business "between their ears?" How many are saying "I know how"? I actually have had companies tell me "Get out of my way, I don't have time to plan. I have to produce NOW" Then they call me back in a few months asking for help after they have lost hundreds of thousands of dollars. That's when the real aha hit me. After putting it on paper I've seen those same business jump 5 times, 10 times in revenues in just weeks. So, how many do you know that are running their business between their ears and have never put it on paper? Or, some may have put it on paper, but it's setting somewhere on the shelf. The opportunity to grow your business, BIG TIME, is Alan Boyer, President/CEO of The Leader's Perspective, LLC http://www.leaders-perspective.com is considered one of the world's leading breakthrough specialists. He has worked with some of the worlds largest companies, on projects in the multi-billion dollar area, and with single proprietor companies. He has worked on many hundreds of projects with companies that have resulted in multi-$100 million savings or gains. With over 35 years of business, quality, and process experience, he has catapulted businesses lightyears ahead in weeks. Some have doubled and some have jumped 10 times. He claims the key to that is: He helps people & companies worldwide reach further than they EVER thought possible?.FASTER
MORE RESOURCES: |
RELATED ARTICLES
Nine Succession Planning Mistakes Small Businesses Should Avoid 1. Attempt Succession Planning Without Other Strategic Plans. How to Achieve E-commerce Success -You Gotta Plan! Before becoming a netpreneaur, I was an entrepreneur. First, I owned a successful child care center which grew to capacity in less than two years. Connecting Your Offline Business to Your Online Business These may sound like no brainers, but you'd be surprised. No matter how high-tech your business has become, there is no doubt you still have some non-electronic aspects of your company. TQM Total Quality Management, the book Every decade we seem to come up with a buzz-word to describe the things we should be doing right all the time. Forever we have heard our parents or grandparents use little phrases to get our attention. Parking Business, the Details on Increasing Lot Revenue If you are in the parking business and own or manage parking lots you may want to think on some additional concepts to increase lot revenues. Whether you are looking to add value for your customers, expand your customer base, or simply increase your revenue, the addition of a car wash and/or detailing service to your parking facility may be the answer. Regroup - How To Do It And Why It Works Regroup?is this a new management trend? Not a chance! Regroup is simply an opportunity to end one month's business cycle, recap the performance of your company and outline a plan of success for the new upcoming month. Why does it work? Because it allows each person on your team to assess their performance from the previous month, and make any necessary adjustments for the new month. Alice In Wonderland - A Parable for A Business Plan Remember reading "Alice in Wonderland?"She asks the Cheshire Cat, "which way I ought to go from here?" "That depends a good deal on where you want to get to," said the Cat. "I don't much care where," said Alice. Don't Just Talk About the Weather, Use It to Advantage A well known, national chain of restaurants discovered that certain weather patterns substantially impacts their business. They have studied it and found that more people go out to eat dinner when there is a series of beautiful days. Top Ten Traits of Strategic Thinkers Want to become more strategic? Add these traits to your collection of skills and watch your success soar!1. Maintain a self-responsible attitude. How To Kick Start Your Business And Double Your Profits This will make some people angry as hell, but it's time to debunk the myth of 'Time Management' while sharing the real secret of the super successful.Let's face it, many so called "business gurus" tell us to 'manage time better' or to become 'ruthless with time' if we want to achieve their level of success. Business Plan: Planning the Operations Writing a business plan is no easy task, sure you can whip something together in a day or so, but without proper planning you are setting yourself up to fail. Many first time entrepreneurs have a bit of trouble writing a business plan, which will be acceptable to bankers and investors. Three Steps to Give Your Strategic Plan Traction We all agree Strategic Planning is a critical part of a company's success. All too often, however, strategic plans stall before they ever make it to execution - or they gradually lose momentum. Could You Be Setting Your Business Plan Up For Failure? David E. Gumpert, author of Burn Your Business Plan, often tells the story about how he and his partner failed to raise money after sending their business plan around to venture capitalists and meeting with several others to make presentations. Your Business: Will It Have A Happy Ending? "Begin with the end in mind," says Stephen Covey in his book Seven Habits of Successful Living. Those who have created a successful business know it does not happen without planning, hard work, and a little luck. Don't Allow Yourself to Get Burned I am not a big fisherman, but I do enjoy it whenever the opportunity comes my way. I have some friends who are fanatics and occasionally I will go out with one of them. For Business Owners Only - You Can't Be Fired But Neither Can You Quit The decision to sell, or not to sell your business is a difficult one. There are many questions that need to be answered before an informed decision can be made. The Accountability/Alignment Process: Three Steps to an Accountable Organization The Accountability/Alignment Process: Three Steps to an Accountable Organization Generating genuine accountability and functional alignment into your workplace cannot be left to vague ambitions and abstract statements. Well designed processes must be embedded into the heart of an organization to ensure that each employee's goals and expectations are clearly defined and that the resources to bring about specific measurable results are in place. 3 Ps of Planning - Prepare, Personalize, Pilot Here's a really simple way to make sure your plans always produce the results you expect."There is one quality which one must possess to win, and that is definiteness of purpose, the knowledge of what one wants, and a burning desire to possess it. Buying Used Detailing Equipment and Rainy Day Services Mobile auto detailing equipment becomes very inexpensive around March each year. If you look on eBay or your local classified section of the newspaper you will see. Art of Succession Planning Succession planning, like any business acumen, is both an art and a science. That is to say, there are many proven strategies that can and must be followed so that successful transition can occur. |
|
Strategic Planning | Site Map | VirRex | Map | Web Domain Directory | Greeting | Directory | Photo Gallery Card | Newey | View Card | Free Calendar |
| © 2006 - 2008 |