Here’s what we will cover today:

• Learn key errors facing entrepreneurs & how to fix them 

• Build a winning strategic plan with our powerful template

• Discover how return-to-office mandates can hurt your business

Quote of the Day

"Coming together is a beginning; keeping together is progress; working together is success."
~Henry Ford

Today’s Tip

Every business needs a vision – a clear definition of what you’d like your business to become in the future. And, every business needs a set strategy – a definition and plan of how your business is going to reach this vision.

All the key elements — what you sell, to whom, for how much, what you promise, etc. — are all part of your company’s strategy or direction towards creating the business you want.

When you’ve chosen a direction and vision, the next step is strategic planning – mapping out how you will achieve this over a long-term time frame (usually one year). This, like all planning, involves determining what projects you will complete and when, and how you will allocate resources such as man hours, money, and assets.

Lastly, your strategic plan will break down into specific, detailed short-term plans that help you know what to do on a month-to-month and even day-to-day basis.

But can you imagine what happens when you have a short-term plan to handle all the business and projects you have going on, but no longer-term, strategic plan to tie it all together?  Maybe you’ve experienced it…the answer is chaos, drudgery, and endless wheel-spinning with little to no progress.

So, let’s discuss some of the key errors and obstacles facing entrepreneurs and what to do about them:

1. Unclear, Unshared Vision

With all the time team members spend together in meetings and talking to each other, it’s surprising how often they come away with different mental pictures of what the company is supposed to be and in what direction it’s supposed to be going.

Everyone sees the company’s future from their own perspective and function. It’s your job to repeatedly communicate your company’s vision and strategy to them, 50 or 100 times if you have to, so they’re all on the same page and can give you better advice and support.

Come back tomorrow and we'll explore the next challenge: operational thinking taking up too much of your time.  

Today’s Resource

Do you have the right plan?

The right strategic plan for your business includes:

1. the best strategy to follow

2. a written roadmap so there’s no confusion as to what your team needs to accomplish and when

Our strategic plan template allows you to create a winning plan quickly.

In no time, you’ll have a strong plan to follow so your company wins.

Why play the game of entrepreneurship if you’re not going to win?

Trivia

Today’s Question: What phrase is said to be the most often printed warning in the history of the printed word?

Previous Question: How many acres of trees are used to make the newsprint for the average Sunday edition of the New York Times?

Previous Answer: 314 acres of trees.

There are nearly 63,000 trees on the 314 acres.

News

Return-to-Office Mandates: How to Lose Your Best Performers

Hiring for now versus where you’re going

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