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Three Planning Myths  by: Denise O'Berry Are you -- like 70% of business owners -- working without a plan? Here are three myths that need to be dispelled about strategic planning for small business. 1. It has to be formal -- Not so. The value of a strategic plan for your small business is in putting the ideas on paper, creating action steps that will get you where you want to go and implementing those action steps. 2. I'm too small -- Not so. Even a one-person business can benefit from a strategic plan. A strategic plan can help you make decisions about time management and budget. Use your strategic plan to help you determine whether to attend an event or advertise in a publication. It's a check and balance tool. 3. A strategic plan is like a ball and chain -- Not so. It's your plan. Too many business owners feel like once it's on paper, it can't be changed. Wrong! It should be an active document that gets reviewed and updated at least monthly, if not weekly. You're the business owner, you wrote it, you know what's happening in your market -- adjust as necessary. About The Author Denise O'Berry helps small business owners take action to grow their business. Find out more at http://www.whatspossible.com This article was posted on May 09, 2004   View More Videos from the "Business and Finance" category: Small Business Stories - Life Skills Training Institute Sun Microsystems Bill Joy on Technology and Ethics Understanding Principle And Interest Loan Learn about the S and P 500 Index   Read More Articles from the "Business and Finance" Category: Spinning Gold from Straw: Low Cost Employee Retention and Motivation Tools by Jennifer Loftus Looking For the Debt Settlement Program That's Right For You? by Jason Niesen Ninety-Five Percent Fail - Trying Useless Internet Advertising by Kenneth G. Dockins STOP! Your Commercial Porperty May Not Be As Valuable As You Thought! by Paul Kelly Improve Credit Score - Bad Credit Debt Consolidation Loan by Olivia Maaret Using Videos and Vlogs as Internet Strategy to get Visitors by Ajay Prasad Leadership Lessons from the US Marines by Wally Bock Online Brokers Offer Traders Faster Trade Execution & Better Reliability by Andy Richards Customer Service Is Dying- and I'm Not Feeling So Good Myself by Garrison Wynn Credit Score Lowered When You Cancel Credit Cards by Charles Essmeier << Back to "Business And Finance" Index

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