Summary:

This author writes that passion and love are the two driving factors controlling your business success. When you have a passion for doing something, it’s impossible to keep it from your thoughts for very long and once you’ve found this thing, you’ve found your business. Passion is what you need to focus your motivation on. Strategic planning, however, is a bit more complicated than finding the right business for you. It you have never developed a strategic plan, educate yourself and if needed, get help from the experts.

Article Quote:

“Even the most successful people educate themselves frequently, the yearning to learn keeps driving them to a higher plain. The one most important thing to invest in is oneself.”

Link: http://prosperityextreme.com/index.php/turningpoint/strategic-planning-for-business-and-life

Writing a strategic business plan requires taking a good look at the current business and gaining a clear understanding of the company’s strengths, weaknesses, opportunities, and threats, or SWOT analysis. Then, look forward to where you want the business to be and what goals you would like to accomplish in the coming year or couple of years.  Scenario planning will assist in navigating the what-ifs.

Management should expect some resistance to change from employees and should plan for ways to ease this resistance. Finally, management needs to get everyone on board with the strategic plan. The plan should be viewable by everyone and kept active with tasks designed to accomplish company goals.

Strategic planning software that incorporates these features of visibility on the strategic plan, tracking tasks, accountability, and follow-through will keep your plan from gathering dust on the shelf. It also allows for corrective adjustments to be made if something is not working.

For more on strategic planning, see http://www.performancesolutionstech.com/category/strategicplanning/