In a recent blog, we outlined why and when to update your business plan, in this blog we’ll talk about how to update and manage it. Remember, these ideas are the same whether your plan is for financing purposes, or strategic or business operations purposes. Good planning ensures your business plan because a useful...
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If you’re wondering when to update your business plan, here are ten indicators it may be time: 10. Someone wrote “Update Me” in the dust on your current business plan. 9. You vaguely remember creating your business plan about the same time you bought your first fax machine. 8. When asked if they’ve ever...
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Developing a vision is easy for many leaders; clearly articulating it is hard. For a leader’s vision to work, it needs to be clear, concise, and measurable. A solid vision will create the same image in the mind of every person who hears it. This clarity enables everyone to understand it, support it, and...
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I’ve heard the same question from three board presidents over the past few weeks: So how do we make sure we implement the strategic plan we just completed? My answer: That’s your job as the board president. Make strategic plan updates are a regular part of your monthly or at least quarterly board meetings....
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