FACTS about Planning It is never a good idea to take a trip to a new
destination without a map or good directions, right? And if you plan a trip,
you’ll probably never do that. However, it is astounding how many business
owners go full speed ahead into starting a business without even having a plan
in mind, much less a map or an idea on how to get there. That’s why so many businesses never make it. Some business owners
never make the connection between having a sound business plan and a successful
business. Some business owners
don’t know that the Business Plan prepared for the bank, is what that is: for
the Bank! Actually, they will let
others do the writing and end up with a multi-page BOOK, that costs money that
does not have a return on investment! Not really a plan they can use. Most plans if any at
all, DO NOT plan for profit, yet that is the very reason for being in business!
And, for those who make
it, many will realize the importance of good sound planning, yet often times
will not be able to properly ‘implement’ their plans. Unfortunately, the
‘planning’ activity gets a bad name through the process. Yet, strategic planning remains the priority and its absence is the
main reason why projects and businesses fail, time after time. You want to know more? My experience in 'going' into businesses (over
200 of them) gave me the empowering edge of SHOWING
ENTREPRENEURS what REALLY goes on in most businesses and WHY THEY FAIL. Click here for my story.
In North America alone, 5 out of 10 new businesses fail within the first two
years, and another 2 to 3 within the following five years.
Some business owners let others do the writing, never making it their own road
map and never seeing their plans coming to fruition.