www.marketmagic.com Market Magic's Small Business Blog - Management - Planning

Market Magic's Small Business Blog

Concepts, Ideas, and Advice for Small Business

About the author

Author Name is someone.
E-mail me Send mail

Recent posts

Recent comments

    Authors

    Disclaimer

    The opinions expressed herein are my own personal opinions and do not represent my employer's view in anyway.

    © Copyright 2010

    Distinction: Goals Vs Shoulds

    Distinction: Goals Vs Shoulds
    Definitions
    Goals - something you want and are willing to work towards
    Shoulds - something you think you have to get to get what you really want
    Comparisons
    comes from your being vs. comes from outside
    Example
    Irene set goals at the beginning of the year to exercise daily, to produce a new brochure for her business, and to pay off debt. These were things she thought would make her happier, but the goals didn't inspire her or connect with her at a deep level. When she set a goal to double the value she gave her clients and another to plan a dream vacation, she started having a lot more fun pursuing them.
    Key Point
    A goal is a result worth pursuing. With an authentic goal, you enjoy pursuing it, but you don't feel driven or attached to it. You feel fine about changing it or letting go of it. A should is what you've heard is the right things to do, or something which seems like the means to an end. A should goal has risk, potential consequences, and significance if you don't get it. A should-based goal is usually a little dull. It doesn't light you up.
    Benefits
    Shoulds are either hard to get or unfulfilling when you get them.

    Be the first to rate this post

    • Currently 0/5 Stars.
    • 1
    • 2
    • 3
    • 4
    • 5

    Posted by jeff120749 on Monday, January 11, 2010 8:22 AM
    Permalink | Comments (0) | Post RSSRSS comment feed

    The How and Why of Planning For Growth

    Why and how to Plan for Growth


    1. Over the past few years have you done very much long-range planning for growth?
     Yes   No
    If you are forward looking and flexible in your thinking, more than likely you will be continually planning and executing changes - for change is a dominant aspect of modern competitive life. Although a wise businessperson respects the past, he should never be bound by it. Your long-range planning should take into consideration all of the following: merchandise assortments, selling methods and sales training, sales promotion media and devices, customer services (especially credit), addition of income bringing services, building modernization (fixtures and equipment), branch development or location change, financing (especially the reinvestment of earnings).

    2. Do day-by-day activities involve you so much that you find no opportunity for advance planning?
      Yes  No
    The small merchant must be both a planner and a doer. Day-to-day activities can be delegated so that you can do more important planning.

    3. When you find that change is called for, do you act decisively and creatively?
     Yes   No
    Risk is always present in business. Some of it can be reduced by insurance. But there is no way to hedge on long-range planning. Once you have decided to make a change - based on all available facts - you should enter into the project wholeheartedly.

    4. Do you find that recurring crises force you to make most of your changes before you have been able to give them thoughtful analysis?
      Yes   No
    The failure to plan for changes that must be made if you are to hold your customers and attract new ones leads to great waste and poor management practices. Sudden changes add unnecessarily to your expenses, they disturb your established customers, and they upset your employees' morale.
    When you determine that you must make a change in some policy or practice, plan ahead carefully and give all those involved a clear account of what is going to be done. By planning ahead, you lessen the possibility of crises and the need for snap judgments.

    5. Do you have someone ready to take your place in case of emergency?
      Yes   No
    The uncertainties of life are many. You should have someone ready to keep the business running smoothly, if something should happen to you, until such time as a long-range decision can be made.

    6. Are you grooming someone to succeed you as manager in the not too distant future?
     Yes   No
    No matter how young the management of a business is, unforeseen disabilities can occur at any time. Someone should always be in training as a manager; otherwise, the business is no more secure than the health of its owner-manager. Furthermore, you should have a management reservoir for business expansion.

    Jeff@marketmagic.com

    Be the first to rate this post

    • Currently 0/5 Stars.
    • 1
    • 2
    • 3
    • 4
    • 5

    Posted by jeff120749 on Wednesday, January 06, 2010 8:37 AM
    Permalink | Comments (0) | Post RSSRSS comment feed