There are big business tactics small businesses will never be able to use. That’s not true for one of the most powerful. Small businesses tend to let themselves be overwhelmed by the urgent, failing to anticipate, plan, and prepare for the inevitable changes they will face if they survive and succeed.
Moving your organization from an entrepreneurial firm toward a more controllable, predictable, professional organization can be a challenge. Manage your business strategically.
Business strategy creates purpose, instills the sense of need, provides direction and focus, and clearly helps you know what’s important.
Employing the discipline to consistently dedicate time in refining your business plan and planning strategically is essential to its viability! Entrepreneurs cannot let the day-to-day demands on them prevent them from taking this crucial step.
If you are a leader in your business making plans for the coming year, part of your job is to identify all the direct and indirect stakeholders whose lives you impact, and who impact your business.