Wednesday, March 23, 2011

Prior Planning Prevents Poor Performance

Hi, my fellow business owners and leaders. Days ago, we were talking about what most people knows as 'good luck'. I am sure you have reflected on this subject and you have been working your way to your own 'good luck' for this Spring. Along those lines, I was watching a video and heard a phrase that got my attention: 'Prior Planning Prevents Poor Performance", it's so true. According to some statistics, 8 out of 10 new businesses will fail during the first year. One of the factors that leads to this is the lack of planning, or, not putting together a clear and simple business plan. Successful people are great doers and implementers. Yes, they are very good at getting into action. Their actions were preceded by proper planning. Once we have decided what we want, spend quality time on the how and when we are going to get there. Consider some key steps and questions you may ask yourself when planning: What will it take from my end? How much money and time will it take? Who should I hire to take care of some tasks? Who is in my support team?
John Maxwell has said: " If you have a dream, you need a team, If you have a team, you need a dream". How many hours will I commit for every day and week? What potential obstacles may I be facing? One question that I have found very important before we approach a goal: " How would success look like?" Take the time to write down these key questions. Be positive and be driven by your enthusiasm and also avoid unrealistic optimism, consider some failure rate in your actions.  My top key topics to consider in business planning: What is your goal? Who is your market? Define the profile of your ideal client. Define your niche. Establish your daily networking and selling activities. What is your unique product? What are the economics and numbers you want to reach on a weekly basis?
Prior Planning will take you places and will increase your odds for Strong Performance.

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