Two years ago, after 18 years in business, we wrote our first business plan! Okay, better late than never, but what took us so long? Well, I guess we just didn’t see any real value in taking the time to think our business through, put ideas in writing and then really commit to the plan. The most difficult part was determining where we wanted to be in 5 years, to really focus on big picture things rather than day to day activities. Once we did that we could agree on goals and objectives, financial and otherwise, and develop steps that would get us from here to there.

Two years later, we’ve realized some goals, revised others. Our key objectives remain the same although some of the tactics have changed, and that’s the way it should be. So here’s my recommendation: write a concise business plan, get to work on your goals, revise the tactics as needed. What’s stopping you?

This entry was posted on Thursday, July 27th, 2006 at 6:02 pm and is filed under Business Insights. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.