Create a Small Business Bucket List to Get What You Want

'Designing Strategies' Newsletter September - October 2016                      Volume 13 -- Issue 73 Have any of you written a personal bucket list? A bucket list is pretty simple, it is just a list of things you want to do and places you want to see during your lifetime. It’s a matter of putting down in written form those hopes and dreams you don’t want to miss out on. Writing them down improves the likelihood they will actually become a part of your reality. Wait! How about creating a Small Business Bucket List for your firm? Interesting concept, no? Back in 2007, 'The Bucket List' movie came out. Jack Nicholson's character, Edward Cole, was filthy rich, a [...]

Small Business Growth: 5 Important Stages

'Designing Strategies' Newsletter July - Aug 2016                      Volume 13 -- Issue 72 Do you ever think about the stage, or phase, your small business enterprise is in, or has passed through? We are all aware of when our family members and friends birthdays are. We celebrate anniversaries, graduations and other of life's watershed moments. We celebrate in a big way with parties, gifts and major events to celebrate these great moments as we move through different stages of our lives. Small business growth stages aren't much different. It seems that our small businesses, into which we have poured our hearts, souls, time, energy and money, deserve at least the same milestone recognition. After all, it [...]

Strategic Planning According to Dilbert – Dilbert Asks: “Why Bother?”

'Designing Strategies' Newsletter May - June, 2016                      Volume 13 - Issue 71 One of my favorite comic strips is 'Dilbert' by Scott Adams. Day to day, Dilbert represents corporate America in a way that has never been done before in a syndicated comic strip. My take on the strip is Dilbert represents Generation X, dealing with management in a corporate world run by Baby Boomers.  He has all kinds of opinions, most of which are ignored by his supervisors.  Of course he would have an opinion on strategic planning and how effective it is - or isn't. He is frustrated on a daily basis by his superior, Pointy-haired Boss, and coworkers. Dilbert is often drawn [...]

About Strategy and Strategic Planning

Most successful small businesses owe their growth and success in large part to use of strategy and strategic planning.  This is accomplished through a combination of strategic thinking, planning and management.  Adopting a strategic approach to business operations clearly defines the direction a firm needs to take to achieve leadership's vision of success. So, exactly what is this concept called Strategic Planning?  It is an organized system that begins with envisioning the firm as it will be when it is all grown up. That Vision of your company in its long-term ideal state is further defined in terms of its Mission.  In a few sentences, a mission statement clearly addresses every facet of your business:  the products and services you offer, pricing, quality, service, marketplace position, growth [...]

By | January 28th, 2016|Strategic Management, Strategic Planning, Strategy|0 Comments

Small Business Systems and Processes: Improve Yours Now

'Designing Strategies' Newsletter September – October 2013                                                Volume 10 – Issue 55 I’m not a huge fan of what is marketed today as 'reality' television.  That said, there is a lot to be learned from some of the business‐themed reality shows on cable television channels.  Over the years, as this genre of entertainment has grown in popularity, we've learned there is not a lot of reality involved in most of these shows. Like all entertainment venues, drama, surprise, emotion, scripting and editing are all pulled together to produce a product that will attract viewers and paid advertisers. The premise of these shows [...]

By | September 18th, 2013|Employees, Leadership, Newsletter, Strategic Management|0 Comments

Embrace Opportunities for Change to Grow Your Company

Did you ever think about just using change to grow and move your business forward or to a new level? There is no doubt that businesses have faced a lot of change over the past several years. There is no way that all of the change we have experienced will correct itself and return to what we considered normal or business as usual. Change is just that: change - the act of becoming different. Rather than waiting hopelessly for normal, or whatever you were used to, to come back, a wiser strategy would be to use seize change to grow and to move your small business forward. As the saying goes, the only constant in life is change. You can either deal with change, using [...]

By | August 8th, 2013|Growth, Strategic Management|0 Comments

A Business Continuity Plan May Save Your Small Business

'Designing Strategies' Newsletter  March – April 2013                           Volume 10 --  Issue 52   For those paying attention, you probably noticed over the past several years, an increase in news of disasters.  We have been inundated by  news and weather reports of a growing number of natural disasters. You name the type - hurricanes, earthquakes, wild fires, tsunamis, typhoons, floods, mud slides, blizzards or drought. Regardless of your personal beliefs regarding global warming, climate change or natural cycles here on Earth, news coverage indicates that natural disasters have increased 400% over the past three decades.  All of these catastrophic news reports makes a small business owner begin to see the value of a [...]

Transform Your Business With Minor Changes

  I just read a great article in Fast Company about the importance of making  very minor changes within your company.  Small changes can transform your business and its culture.  Minor changes and also transform your business by changing its direction and levels of success.  All it takes is one or two small changes in behavior.  Lisa Earle McLeod, the author, related a story about her family delivering their college-aged daughter to Boston University to begin her college experience.   It's Easy to Transform a Business The family was standing at one of those large public maps of the campus - probably with confused looks on their faces.  Soon they were approached by no one less than a dean of the university.  He introduced himself and [...]

Know What Business You Are In – Then Tell Your Customers

Some time ago, I read a posting in the Successful and Outstanding Blog(gers)  blog that really impressed me.  It impressed me enough to bookmark it in my laptop to review from time to time.   The post was written by Liz Strauss, a well-known business strategist.  Liz related the story of a businessman who owned businesses in the fields of newspapers, magazines and books.  She was hired to develop strategy to turn the book business around and refocus it on success. Several months into her assignment, one of those great 'Ah-ha!' moments occurred.  She reminded the owner that while his three businesses are similar, they are clearly not exactly the same and needed different approaches in strategy to be successful.   What makes one company successful will not necessarily work for other businesses, regardless of any [...]

By | May 23rd, 2012|Strategic Management, Strategic Planning|0 Comments

Succession and Exit Strategy at Startup

Succession and Exit Strategy at Startup   As strange as it might sound to someone starting a new business, the beginning is when you need to plan for the end.  OK, you might be thinking: 'What is this dim-wit talking about?  I want to know what to do today, tomorrow, next week and next month to get my new business off the ground.  I'll worry about the end part later - much later.'   There is no time like the present to get to work on your ideas for succession and exit strategy -- before you need them.   Waiting to develop key management concepts in the midst of a leadership crisis is definitely not the way to go. Having a vision of what you want your company to become when [...]

By | April 2nd, 2012|Strategic Management, Strategic Planning|0 Comments