David Potts reminds small business owners that while luck may take you a ways, nothing trumps a good plan. In his article ‘Luck, Planning and Failure‘, published this week in The City Wire, David discusses the top reasons business owners neglect their business plans and reasons to get back on course.
Planning is a tool that can reduce a business’s uncertainty and risk. The activity of planning allows an owner to focus on the company’s future and to ask questions that might lead to a change in priorities that increase profitability or assist in the identification of stress points that if overlooked could lead to financial loss. It isn’t the final product, “a plan,” that is important to business success. What is important is the thinking required to create a plan.
Read David’s article at The City Wire.