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SpinDistribute.com Article Directory

The following article was published in our article directory on January 7, 2014.
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The Business Planning Process Requires A Considerable Commitment

Article Category: Advice

Author Name: Wayne Messick

Traditionally the business planning process, in the context of the achievement of lasting sustainable goal achievement rarely works out in the end.

The expression that everything works out in the end, so that if something hasn't worked it's because it's not the end - does not apply to the business planning process.

For the most part that's because the business planning process, if it is to have the impact you seek for yourself, your family and your business, must be a continuous and never ending process.

You'll run out of money long before they run out of ideas to try next year if you look to paid professionals for business planning process advice.

And if you try to become a business planning process expert yourself, who's going to run the business while you study an ever changing landscape?

And yet, you must continually plan for the future strategically.

What to do what to do?

You are already doing strategic planning, from the point of view of production and management tactics. It's operational, leadership development, and ownership transition activities related strategic planning that you probably aren't having much of.

The business planning process activities that effect with who's going to run the place and what direction the business will take in the future are critical. Get this wrong and you've sunk the ship.

Is there is process by which you can establish an ongoing organizational and mission focused business planning process? Obviously there is, why else would I be writing this?

Your most expensive contribution to your organization's strategic planning process will be your time, that and soul searching honesty.

Universally it is true, most business owners fail to benefit from the results of a well considered strategic planning process because they are unwilling to face the facts, especially in terms of their successor's and their heirs desires for the future.

Instead, they don't ask these important players what they think and just plow ahead without testing their own assumptions.

A well organized business planning process on the other hand makes you face the possibilities honestly.

Most importantly of course this requires an atmosphere of confidentially, resulting in honest appraisals of the potential outcomes, something often hard to find - especially when looking for someone in a position to offer projections and opinions based on their own experiences.

We all know that, when considering the way forward, two heads are often a lot better than one. Two heads, assuming they are well chosen, provide more than relevant feedback.

When it comes to the business planning process two heads mean someone who will test your assumptions. The single greatest failure of the business planning process for small businesses - actions based on untested assumptions.

When you put your two heads together, you'll be brainstorming issues, sharing ideas and uncovering important solutions with people who have 'been there done that' in no time.

Keywords: business planning process, strategic planning template, small business plan, strategic competitive advantage, strategic competitive advantage, what is strategic planning, developing a strategic plan, management process, business plan structure

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