7 Business Plan Mistakes

1. Misunderstanding the purpose: it’s the planning journey that matters, not just the document Planning is a process of setting goals and establishing specific measures of progress, then tracking your progress and following up with course corrections. The plan itself is just the first step; it is reviewed and revised often. Don’t even print it unless you absolutely have to. Leave it on a digital network instead.

2. Doing it in one big push: do it in pieces and steps The plan is a set of connected modules, like blocks. Start anywhere and get going. Do the part that interests you most, or the part that provides the most immediate benefit. That might be strategy, concepts, target markets, business offerings, projections, mantra, vision, whatever. . . just get going.

3. Finishing your plan: your plan is living If your plan is done, then your business is done. That most recent version is just a snapshot of what the plan was then. It should always be alive and changing to reflect changing assumptions & feedback from all levels of your environment.

4. Hiding your plan: be transparent as possible Use common sense about what details you share, keeping some information, such as individual salaries, confidential. But do share the vision, goals and measurements, using the planning to build team spirit, peer collaboration and ventures.

5. Confusing cash with profits: understand both There’s a huge difference between the two. Profits are an accounting concept; cash is money in the bank. You don’t pay your bills with profits. Make sure you take the time to forecast realistically  – this usually means you will have to take the time to throughly understand expenses, cash and profits.

6. Diluting your priorities: pick a few and complete them A plan that stresses three or four priorities is a plan with focus and power. People can understand three or four main points. A plan that lists 20 priorities doesn’t really have any.

7. Sweating the details : having a strategy does not mean you don’t have faith Details are important, especially in the beginning, but remember that your plan is fundamentally an invitation to the universe to play with you. Make it a priority to take the time to breath deeply, meditate and connect with your inner strength & guidance. This will allow you to not get caught up in anxiety & control.

Sourced from Tim Berry entrepreneur.com

Related Post:

Top 10 Reasons to Embark on a Planning Journey


 

 

Shiny & New

Many years ago, when I ran a tax and bookkeeping service, this time of year brought budgets, ledger reviews, and reconciliations. I worked with many small business owners helping them to organize, categorize, and refresh. There is a beauty in this process that starts the tangible completion of the year and a natural fresh-start.

Take a minute and list the top 5 things that come to mind in terms of what it would take to polish your business finances. Think of the finance aspect of your business as a snow globe and polish it up….give it some attention….make it shiny….so that the vision you have for 2012 can be clearly viewed.

Here’s mine:

1. Enter all accumulated receipts into check register and update budget
2. Make sure transfer deposit gets made
3. Burn a 7-day candle to release ANY and ALL past mistakes regarding money
4. Block time on 2012 calendar to complete 2011 books and taxes
5. Take a walk and focus on gratitude for all my needs being met PLUS in 2011

Be spontaneous when you create your list AND also be spontaneous in what shows up for you these next few weeks regarding completing and polishing your finances…..play, have fun, and sit-down-and-do-whatever-you-need-to-do.

Allow and prepare to receive your expectations and beyond.

Here’s a list with some things you can do before the end-of-the-year to potentially cut your taxes for next year:

7 Year-End Financial Tips

 

Welcome !!

Flowing in the Strategy Stream

The Strategy Stream Program is an opportunity to grow and build a business that is successful and prosperous with results that resonate with your authentic self.

When you operate from your authentic self in all aspects of your business, your business naturally becomes

a source of good.

A business that’s a source of good is healthy for you, your loved ones, your community and ultimately has a positive impact globally.

People who

participate in the Strategy Stream Program experience improvement in one or more of the following areas:

Increased bottom-line profitability
Increased customer attraction & satisfaction
Increased personal fulfillment
Increased productivity
Reduction in costs

Here’s how

By establishing and taking action towards achieving authentic goals for every aspect of your business, being accountable for actions and commitments based on reliable measures you design, and accessing your highest consciousness in every moment possible,

You

Communicate more effectively, become more confident, and work more easily and productively with others.

You flow and shimmer.

You become healthier, happier, less distracted and can put your attention on being a source of good that makes the world a better place.

More about the program and our services

When you do things from your soul, you feel a river moving in you, a joy ~Rumi

Glad to have you here!