Tuesday, June 6th, 2017

Strategic Plans and Fairy Tales

“Never look back unless you are planning to go that way.” – Henry David Thoreau

I really enjoyed a recent post by Jeffrey Gitomer titled, Business Plans, Five-Year Spreadsheets, and other fairy tales.

How about your strategic plan? Have you looked at it recently? Have all your partners looked at it often over the last year and talked among themselves about how well you are doing with the plan? I bet not.

What about the¬†business plans for a new niche inside your firm?¬†You had a young partner anxious to specialize in business valuation, for example. You asked him to bring a business plan to the partner group for discussion and approval. The group like it, approved it and…. it hasn’t been looked at since. It hasn’t been monitored nor has it been followed. Perhaps, it was just a fairy tale!

I think you will enjoy Gitomer’s article. Much of it sounds familiar to those of you working in a CPA firm. He also includes some great suggestions.

  • "Plans are nothing; planning is everything."
  • Dwight D. Eisenhower

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