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  • Suggest You - What Should Your Executable Strategic Plan Cost in Terms of Money, Time and Results?

    Small Business Opportunity
    Nowadays, it is getting more difficult to land a good job — one that pays well and will allow you to bring home a reasonable amount even after tax deductions. This is one of the main reasons why people would rather put up their own business rather than have to go to work for a company.There are several businesses one could venture into that do not require much capital and investment. These small businesses include setting up a repair shop for cars or appliances, a franchise for burger stands, a day care center, tutorial center, a computer shop, pet g
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  • Time
  • How much time does it take to create an executable strategic plan? From my experience has a business coach, this ranges from 20 to 30 hours to create the plan and then another 10 to 20 hours to monitor the plan so that the business goals are achieved. Two day to three day traditional training seminars or retreats fall short of the basic time necessary to develop a solid strat

    Why The Extra Mile Never Has A Traffic Jam
    We all hear anecdotal stories of horrible customer service. Sadly, many people have come to expect bad customer service as the norm today.If you are starting a business in today’s hyper competitive marketplace, you should realize this acceptance of poor customer service as a real sales opportunity.If people’s service expectations are low and you can provide excellent customer service, you can expect your business to grow. The real question becomes are you willing to do what it takes to provide this level of customer service?Starting a
    Sustainable business success originates from an executable strategic plan. However, creating a strategic plan does have a price tag. The underlying business strategy is to realize a positive return on investment (ROI) by quickly achieving specific and aligned organizational goals.

    Business owners to executives have a plethora of resources from which to select the type of strategic plan along with the numerous business coaches, business consultants or national training organizations who can help them to create strategic plans. Yet, most of the outside resources fail to deliver a quick positive return on investment.

    The creation of a strategic plan has 3 costs: money, time and results. When analyzing the cost of a strategic plan, each of these costs should be reviewed and compared.

    • Money
    • A recent review of a national seminar offering strategic planning 3 day to 2-day workshops indicated a cost ranging between $2,000 and $1,500. These dollar costs do not include travel, lodging along with salaries.

      When compared to business coaches or consultants offering strategic planning on site or off site with fees ranging from $3,000 to $10,000 and up, the national seminars appear to be the best deal, but are they?

      Research suggests that a one time exposure to a learning event. If there are not additional opportunities for performance that being the application of learning, then the money spent whether $1,500 to $12,000 is moot. This is why most traditional training offered through a 2 or 3 day event fails to deliver a positive return on investment.

    • Time
    • How much time does it take to create an executable strategic plan? From my experience has a business coach, this ranges from 20 to 30 hours to create the plan and then another 10 to 20 hours to monitor the plan so that the business goals are achieved. Two day to three day traditional training seminars or retreats fall short of the basic time necessary to develop a solid strate

      Buying a Business is a 'Numbers Game!'
      “A needle in the haystack!” or “A diamond in the rough”, both popular saying’s apply to what’s involved in finding your ideal company to buy! Any seasoned business buyer will tell you that finding viable companies that can be purchased for reasonable terms is a “numbers game”.Thousands of company purchase candidates defined, that lead to hundreds of contacts to be made, resulting in tens of acquisition conversations that hopefully lead to ONE company acquisition! Many merger and acquisition veterans will tell you “It takes 100 potential oppor
      the numerous business coaches, business consultants or national training organizations who can help them to create strategic plans. Yet, most of the outside resources fail to deliver a quick positive return on investment.

      The creation of a strategic plan has 3 costs: money, time and results. When analyzing the cost of a strategic plan, each of these costs should be reviewed and compared.

      • Money
      • A recent review of a national seminar offering strategic planning 3 day to 2-day workshops indicated a cost ranging between $2,000 and $1,500. These dollar costs do not include travel, lodging along with salaries.

        When compared to business coaches or consultants offering strategic planning on site or off site with fees ranging from $3,000 to $10,000 and up, the national seminars appear to be the best deal, but are they?

        Research suggests that a one time exposure to a learning event. If there are not additional opportunities for performance that being the application of learning, then the money spent whether $1,500 to $12,000 is moot. This is why most traditional training offered through a 2 or 3 day event fails to deliver a positive return on investment.

      • Time
      • How much time does it take to create an executable strategic plan? From my experience has a business coach, this ranges from 20 to 30 hours to create the plan and then another 10 to 20 hours to monitor the plan so that the business goals are achieved. Two day to three day traditional training seminars or retreats fall short of the basic time necessary to develop a solid strat

        What Not To Do With Your Leads
        Anyone that works in sales knows just how important it is to have lead sources to keep your pipeline filled. But it is not only how we obtain the leads that is important, it’s what we do with them once we get them.One of the most critical mistakes a sales person can make once they receive a lead, is not acting on it immediately.I once worked with a guy who belonged to a networking group, the soul purpose of his joining this group was to receive leads. This group wasn’t cheap either, it cost him $500.00 annually to be a member.He would c
        >
      • Money
      • A recent review of a national seminar offering strategic planning 3 day to 2-day workshops indicated a cost ranging between $2,000 and $1,500. These dollar costs do not include travel, lodging along with salaries.

        When compared to business coaches or consultants offering strategic planning on site or off site with fees ranging from $3,000 to $10,000 and up, the national seminars appear to be the best deal, but are they?

        Research suggests that a one time exposure to a learning event. If there are not additional opportunities for performance that being the application of learning, then the money spent whether $1,500 to $12,000 is moot. This is why most traditional training offered through a 2 or 3 day event fails to deliver a positive return on investment.

      • Time
      • How much time does it take to create an executable strategic plan? From my experience has a business coach, this ranges from 20 to 30 hours to create the plan and then another 10 to 20 hours to monitor the plan so that the business goals are achieved. Two day to three day traditional training seminars or retreats fall short of the basic time necessary to develop a solid strat

        Professional Color Printing
        Are you looking to have professional color printing? The number of products that you can purchase from color printing professionals will amaze you. In fact, with all of the products available, you will find that an array of unique services is on offer that can assist you in a variety of endeavors.Maybe you are looking to have professionally printed brochures for your business. Why struggle with your home printer and panic while you search for just the right kind of paper for your brochures in your local office supply store? Instead, you can specif
        nal seminars appear to be the best deal, but are they?

        Research suggests that a one time exposure to a learning event. If there are not additional opportunities for performance that being the application of learning, then the money spent whether $1,500 to $12,000 is moot. This is why most traditional training offered through a 2 or 3 day event fails to deliver a positive return on investment.

      • Time
      • How much time does it take to create an executable strategic plan? From my experience has a business coach, this ranges from 20 to 30 hours to create the plan and then another 10 to 20 hours to monitor the plan so that the business goals are achieved. Two day to three day traditional training seminars or retreats fall short of the basic time necessary to develop a solid strat

        How to Build a Better Budget in Your Grant: Advice from Grant Makers
        As the Grants Committee Chair on the Board of an Educational Foundation that gives small grants to teachers, I have participated in two grant review sessions. There, I learned more than I could have in two years of simply writing grants. Reading grants was like interviewing candidates to invest the money we spent all year fundraising and taught me the no grant will be funded if it appears financially risky. Here are some tips on creating a budget that will attract funders, rather than scare them off.1. Ask For a Definite Amount of Money
        >
      • Time
      • How much time does it take to create an executable strategic plan? From my experience has a business coach, this ranges from 20 to 30 hours to create the plan and then another 10 to 20 hours to monitor the plan so that the business goals are achieved. Two day to three day traditional training seminars or retreats fall short of the basic time necessary to develop a solid strategic plan. Also, these off site locations do not allow the participants time to do complete the necessary research or answer specific questions necessary to operationalize the strategic plan.

      • Results
      • What results are you getting from the traditional approach to strategic planning? First, the origins of the word strategy mean as a general to deceive the enemy. In today’s world, that means to out think and simultaneously out perform the competition.

        From the initial meeting, a good strategic planning process will begin to deliver immediate results. Additionally every strategic plan should contain a strategic action plan that is everyone works from on a daily basis. In this way the results are almost continuous.

        When a strategic plan is created off site in a few days, the likelihood of immediate results has been greatly diminished because of this learning structure. By crunching some numbers, we can immediately see the advantage for a longer planning cycle

        A 3 days event probably means 6 hours per day planning or a total of 18 hours at an investment of $2,000. Adding in 3 nights of lodging, meals and miscellaneous experiences results in at least another $600. The hourly rate for this seminar per participant is at least $145.00. And what results or deliverables do you have from such an investment?

        Comparing a 10-week (3 hours per week) on site with 6 monthly follow-ups suggests at least 39 hours. Since there are no travel costs, the hourly rate based upon a $5,000 fee is $128.45. And t

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