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Casual Articles - Haven't Done a Business Plan
Do Business at the Speed of Thought don’t really reflect our way of thinking, creating or managing information.Slow and steady used to win the races in past, but rarely a remarkable success story in modern world of deadly competitions. Now they can’t rule, can’t achieve, can’t make things happen. Mostly they are pushed aside mercilessly by those vigorous gentlemen who are always ready to jump forward and hit the target. A bitter truth to swallow. But there is no other way to super success now-a-days.SPEED – We need a process that reflects the flexible and dynamic way we approach business. It is this ability that sets us apart from our larger, slower competitors. Th The principle behind having a business plan is to think strategically about how to grow our business, create new direction and organise our thoughts: What am I going to do? The principal challenge with traditional business plans lies not in the subject matter or the content, but in their format. The majority of business plans are static documents, comprised of lists and columns with actions and dates. There is a proportion of the population that like to manage their work in this way – and they thrive on using the traditional business plan format. But the reality is that most entrepreneurs are entrepreneurial (funny that!) – and most entrepreneurs hate using lists! Lists don’t really reflect our way of thinking, creating or managing information. We need a process that reflects the flexible and dynamic way we approach business. It is this ability that sets us apart from our larger, slower competitors. The What am I going to do? The principal challenge with traditional business plans lies not in the subject matter or the content, but in their format. The majority of business plans are static documents, comprised of lists and columns with actions and dates. There is a proportion of the population that like to manage their work in this way – and they thrive on using the traditional business plan format. But the reality is that most entrepreneurs are entrepreneurial (funny that!) – and most entrepreneurs hate using lists! Lists don’t really reflect our way of thinking, creating or managing information. We need a process that reflects the flexible and dynamic way we approach business. It is this ability that sets us apart from our larger, slower competitors. Th The majority of business plans are static documents, comprised of lists and columns with actions and dates. There is a proportion of the population that like to manage their work in this way – and they thrive on using the traditional business plan format. But the reality is that most entrepreneurs are entrepreneurial (funny that!) – and most entrepreneurs hate using lists! Lists don’t really reflect our way of thinking, creating or managing information. We need a process that reflects the flexible and dynamic way we approach business. It is this ability that sets us apart from our larger, slower competitors. Th We need a process that reflects the flexible and dynamic way we approach business. It is this ability that sets us apart from our larger, slower competitors. Th We need a process that reflects the flexible and dynamic way we approach business. It is this ability that sets us apart from our larger, slower competitors. The Project Management Approach The project management based approach to business planning represents information in a much more flexible way, using mind maps or dynamic lists. Essentially your thinking is represented in small and large chunks, and grouped by area or ‘project’. Let me demonstrate with a genuine example. My whiteboard contains all of my current and planned activities split into 3 areas – this week, medium term and long term. My overall aims and goals for the business are listed on the right side. These don’t change much – but they are always there in front of me to keep me focused on what is important. The middle of the board contains my longer term projects (3 months or more ), such as developing alliances and approaching magazines to write for articles. The left side contains the major activities to complete this week. Every Monday I think about what activity needs to happen to progress my medium and long term goals. These go in the weekly side o
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