It is said that every strategic plan in a war lasts for the first few minutes of the battle, but is quickly compromised once the battle begins. The same rule applies to business plans. Usually, once the business opens, all the plans change. However, in both scenarios, the original plan is still valuable. The reasons for making a plan despite uncertainty may be summed up in one simple idea: The financial portions of a business plan serve as something of a crystal ball into the future of your business.
For strategic planning to be successful, you must understand each piece of your plan and how it fits with every other piece. Once you understand the place for each task, assignment, and decision, you can take these pieces and put them together to formulate your plan. When you decide it is time for you to get down to the nuts and bolts of your plan, there are a few things to remember. If you follow this process and put in the time you need to answer questions and concerns thoughtfully, you will find that a strategic plan is not so difficult to carry out.
The more experience you have at a given task, the easier it will get. However, it is not efficient to spend all of your time searching for and gaining experience. The late Carl Sagan, a world-famous storyteller, once visited the New York Public Library where he made mention that the library holds almost 53 million items.
The Pleasure vs. Pain Principle may be reductive by nature (after all, there are plenty of motivations that drive the average individual), but it does play a strong role in the workplace. Take a look at the following examples to see how the Principle played a role in each one.
If you have started looking for ways to raise money to start a business, it may seem as though there are too many funding options and too little time to sort them all out. Here are some simple tips to make it easier to identify the most promising sources of startup capital in today's business climate.
Tip No. 1: Know how much you need from outside funding sources
"I don't get it; we've got all those managers costing all that money and they don't produce a goldarn single thing!" You've probably heard this sort of talk before. If you have ever worked for a large organization, it is almost a sure thing.
Well, now is your chance to lay out a "better" organization plan for your business, and it sure isn't going to have all those worthless middle managers, right? Wrong!