Coaching Your Business To The Next Level Series Part 4 – Strategic Plan, Strategic Planning : iPedia

Consider the following scenario that happens thousands of time every day in America.

You go to the grocery store. Upon entering the store, you grab your grocery list and realize you left it at home or in the office. As you are walking up and down the aisles, you try to remember everything you need. When you come home, you check what you purchased against the list and discover the following:

Based upon this scenario, the every day simple grocery list has significant value because of the expenditures of time, energy and dollars. So since this simple, common list has significant value, then where is the plan for your

Budget generally refers to a list of all planned expenses and revenues. A budget is an important concept in microeconomics, which uses a budget line to illustrate the trade-offs between two or more goods. A personal budget is among the most important concepts of personal finance. In a personal or family budget all sources of income (inflows) are identified and expenses (outflows) are planned with the intent of matching outflows to inflows. There are a wide variety of personal budgeting methods and tools that can be employed to help individuals and families with the budgeting process.
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Mistake: If you don't have a plan, you are on someone else's plan. A strategic plan indicates who does what by when. Remember, hope is not a strategy.

Think back to that grocery experience. Whose plan were you on? Who made more money? Answer: The grocery store, of course. And let's not forget the oil companies and all those other related companies because it costs money to travel from the home or office to the grocery store.

A solid strategic plan is really a systematic, higher order thinking process and includes the following characteristics:

If you think this is a lot of work, you are absolutely correct. Yet, returning to the grocery list scenario. If you determine that you save an estimated $10 per week or $520 annually in

In economics, business is the social science of managing people to organize and maintain collective productivity toward accomplishing particular creative and productive goals, usually to generate revenue.

The etymology of "business" refers to the state of being busy, in the context of the individual as well as the community or society. In other words, to be busy is to be doing commercially viable and profitable work.
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Investment or investing1 is a term with several closely-related meanings in finance and economics, related to saving or deferring consumption. An asset is usually purchased, or equivalently a deposit is made in a bank, in hopes of getting a future return or interest from it. Literally, the word means the "action of putting something in to somewhere else" (perhaps originally related to a person's garment or 'vestment').
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P.S. If you missed the previous article, click here EzineArticles.com/?id=158170">Coaching Your Business To The Next Level Series Part 3 - Assessments

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An ezine is a periodic publication distributed by email or posted on a website. CULT OF THE DEAD COW claims to have published the first ezine, starting in 1984, with its ezine still in production more than 20 years later. While this claim is hotly debated, the ezine craze certainly began in the BBS days of the 1980s. Phrack, which opened its doors in 1985, is another surviving ezine of unparalelled technical quality. Unlike CULT OF THE DEAD COW, which publishes articles individually, Phrack published collections of articles in a manner that was more similar to a print magazine.
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Coaching Your Business To The Next Level Series Part 4 – Strategic Plan

Consider the following scenario that happens thousands of time every day in America.

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