Articles tagged "Business Plan"
Because of the ‘shake-out’ that’s occurred with our economy over the past year, there are more companies than ever looking to sell, and therefore, more opportunities to buy. If you’re like a few of my clients, smart acquisitions are part of your strategic plan. However, as you identify criteria your ideal targeted acquisition candidates need to have (i.e., revenues, margins, location, equipment, staff, etc.), consider two 'soft-skills' items that can make or break a successful post-acquisition integration: culture fit and business infrastructure fit.
Hmmm. Another customer just selected a competitor for their next project. That’s the third time that’s happened this quarter. Like the others, you thought you’d worked well with the customer. So why didn’t this customer choose you again? It must be the new CFO that joined their company last year. She’s probably forcing them to use new vendors. She obviously doesn’t care about maintaining successful working relationships. It’s obvious she only cares about saving money and not the value of maintaining a good working relationship. It certainly can’t be about the quality of your services. This customer’s always been happy with your services. Haven’t they?
Is your team prepared for the New Year?
Are they clear and aligned so they’re better able to work together instead of frustrating one another?
Do they know what to stop doing and what to start?
Are they looking forward to the new year or are they just…blah?
The most common question a strategic planning client asks is: “How can we keep this simple?” The question is being asked typically for one of two reasons: 1) They’ve experienced at least one long and painful planning process, or 2) They’ve never actually created an effective plan. So, though they realize there is a need to go through the strategic planning process, they’re lost as to how to do so simply and effectively. The key is to keep it concise, focused, and trackable.