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Informative Articles

5 Warning Signals Your Business Might Have A Cash Flow Problem
A key reason for business failure is poor cash management. If you don’t pay attention to your daily cash flow, you face extinction; yet so many business people loss site of their cash flow. No matter how fantastic your company’s products are, you...

Collaboration, Not Competition
The basic assumptions upon which traditional marketing approaches are built could use some updating. For example, what if we asked whether businesses actually have to compete for customers. Does that seem silly? The answer would be, "Of course, they...

Identifying Candidates for Leadership
A critical task in the succession planning process of any organization is identifying candidates. Traditionally, candidates have been identified based on past performance. While this seems logical, it is problematic in practice. Past performance...

SELLING YOUR BUSINESS FOR THE BEST PRICE
If you are considering selling your business this article will help you evaluate your company as a strategic acquirer might. From that perspective it pays to focus on ten critical areas of value creation. The better your performance in these areas,...

When and Where the Affluent Shop for December Holiday Gifts
The majority of the affluent will do most of their shopping for holiday gifts during the first two weeks of December, and traditional department stores will be the most important source of gifts, based on dollars spent, according to a recent...

 
Survival Without Computers

I was slowed down when my computer crashed and I had no data, no address book and not even my passwords to get back online. I didn't think I was doing anything remarkable by bouncing back to productivity even with this handicap for a week. But from the feedback I've had from more than a few people, it seems paralysis would have been the acceptable common option.

Yes, I got slowed down, but nothing critical was lost and no appointments missed. Why? Internal reserves, resources and drive. How do you survive in business today without your computer (or maybe it's when your cell phone drops in the lake or your Ipod gets lost)?

There were three parts to my personal survival. They are:

A. Resourcefulness -- When things don't go your way, you can have a pity party and choose to be paralyzed. Or you can decide to dig in to your reserves and available resources to propel you forward in spite of obstacles. I start with a simple question: What's the most important thing that needs to be done now and how do I do it (options)?

It's a matter of choosing to get the work done and keeping your priorities in order, or using this problem (any problem) as an excuse to procrastinate, or wallow in self-pity, or give up.

B. Intestinal Fortitude -- This was my father's term for the drive, determination, guts, stamina and the like to find a way or make a way when you hit a roadblock. Intestinal fortitude keeps you going because the vision is clear, your passion is unquenchable and you are a winner - and winners never quit.

Of course when a glitch happens, what matters is how you handle it, not deny it. Handling a problem head on, gives you an action plan. Action puts you in control. When you are in control, the fear and panic can't


control you.

If a glitch with your computer is enough to put your whole business at risk, maybe you need a dose of intestinal fortitude to make some hard decisions to reduce that risk in the future, e.g. strategic investments in your infrastructure, etc. Look at the cost of the investment compared to the direct cost or opportunity costs of a week offline (think salaries, sales, customer loyalty, customer satisfaction, product delays, and shipping delays).

C. Planning -- In this case, I was indeed lucky. The three days after the disk crash had already been blocked out to work on my three-year vision and budget to get there and the detailed plans for 2006. My schedule was already cleared of appointments, deadlines or correspondence.

As business owners, we all need some reflection time to lift our sights and take a longer view of where we are going, otherwise, it's possible to short-change yourself and the business.

The silver lining of my system crash was that without my own computer, I couldn't be tempted to procrastinate or avoid the soul-searching and reflection this process requires. I was able to really concentrate on what I want to do professionally and personally for the next 12-36 months.

Putting a timeline to the vision and goals accelerates the business momentum and recharges my batteries for the next 90 days to set it all in motion. Try it.

About the author:

Kerri Salls, MBA runs a virtual business school to train, consult and coach small business CEO's and entrepreneurs in 10 key strategies to make more profit in less time. Learn more at http://www.breakthrough-business-school.com/products.html or sign up for a free weekly newsletter at http://www.breakthrough-business-school.com/newsletter.shtml

 

Strategic Planning (in nonprofit or for-profit organizations)
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Basic Description of Strategic Planning (including key terms to know)
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Strategic planning advice with free strategic planner & sample strategic plan covering mission statement, SWOT analysis with business plan software for cash ...
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Strategic Planning
FAQs regarding strategic planning - geared primarily toward non-profit organizations but with enough detail and general information to provide useful ...
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Strategic planning - Wikipedia, the free encyclopedia
Strategic planning involves defining objectives and developing ... Strategic planning uses "the big picture" to pursue large scale, long term objectives. ...
en.wikipedia.org
 
08/26/96 STRATEGIC PLANNING
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Dr. Strategy - Dr. Pete Johnson, Keynote Speaker, Marketing ...
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Strategic Planning Society: Strategy Development and Implementation
Strategic Planning Society: Strategy Development and Implementation.
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Guide 7
Strategic Planning in Smaller Nonprofit Organizations ... In short, as a result of a strategic planning process, an organization will have a clearer idea of ...
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STRATEGIC PLANNING MANUAL
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BPubs.com: Strategic Planning & Business Planning Articles
Business Publications related to Corporate Strategic Planning.
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Strategic Planning Tools
Strategic Planning is a method for positioning an organization to take ... A strategic planning process incorporates an in-depth planning model that takes ...
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Center for Simplified Strategic Planning, Inc.
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LEADERSHIP: Strategic Planning and Strategic Management
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HEFCE : Publications : 2000 : 00/24 - Strategic planning in higher ...
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The Association for Strategic Planning
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Amazon.com: Strategic Planning for Nonprofit Organizations: A ...
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