When and how often your business does strategic planning depends on the size and stage of your company, the speed of your business, and the scope of the projects you’re working on. Strategic planning should not be a one-time event. It should be an iterative process with continuous monitori...
The main purpose of strategic planning is to establish a company’s objectives and lay out the steps necessary to achieve those goals. How often should a strategic business plan be updated? Update your strategic business plan at least once a year—or whenever you make major changes at your co...
How to do strategic planningJames, Rick
How to develop a strategic plan Rather than focus on the theory, let’s look at how to apply strategic planning in your own life, and the tools that will make implementing those changes easier. 1. Mission statement Your first step in strategic planning should be to determine your mission an...
Additionally, bring in the practice's accountant or financial manager, and possibly a consultant, as well, at least for large equipment purchases. Their input is invaluable in ascertaining how long it will take to pay off the purchase and what to charge to quickly turn a profit. ...
How will we get there? Each part has certain elements to show you how and where things fit. Our 4-Phase Guide to Strategic Planning lays out each step of the planning process. You can also watch our video, The Complete Strategic Planning Checklist” for a brief overview. Play Video Tran...
Strategic planning is an essential element of business development. It provides the much needed clarification to pace business growth. Not only does it keep yo…
Don’t get left behind this strategic planning season. Here are five tips for purposeful planning: 1. Develop Rolling 36-Month Plans No one can see 10 years into the future. If we go back only five years, most people wouldn’t have been able to comprehend how fast the industry has chan...
Strategic planning is the process a small business owner uses to determine the direction he wants to take the business, set goals and objectives for the company, and decide how to allocate the company's human and financial resources to achieve these objectives. His strategies describe in broad ...
Master the strategic planning process with our comprehensive guide. Learn what a strategic plan is and how to create one to reach your business goals.