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Failing to plan, planning to fail: Part one Strategic planning is the roadmap to your firm’s success. Without it, you might get knocked down and never get back up.
I have a lot on my mind this week, so get ready, buckle up, and let’s go! We can start with a famous quote from Mike Tyson: “Everybody has a plan until they get punched in the mouth.” Similar sentiments were shared by the likes of Dwight Eisenhower and Winston Churchill. Even if those guys were right – we get punched and circumstances change – it doesn’t mean we shouldn’t plan in the first place.
Phil Keil
about once a month. There are several reasons to go through this process and I’ll highlight a couple. Have you been operating under the assumption that every partner and principal are on the same “Like financial projections looking out five or more years, it is not the strategic plan as written that is important, but the strategic planning process itself.”
We’re all extremely busy. It can seem like bombs are going off everywhere. The world doesn’t stop for us to plan. Business is a dynamic, unpredictable, and ever-changing environment. Nonetheless, strategic planning is vital to the growth of your firm. And if you’re not doing it, you need to, because if you’re not growing, you’re failing. Like financial projections looking out five or more years, it is not the strategic plan as written that is important, but the strategic planning process itself. You may be thinking, “It’s May. I’ve finished strategic planning for the year.” But your strategic plan is a fluid document that should be revisited
See PHIL KEIL, page 10
THE ZWEIG LETTER May 1, 2017, ISSUE 1198
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