Too many leaders fail to execute their plans because they are not connected to any longer term strategy. Too often, they waste precious hours constructing the plan, only to throw it out the window when the next crisis or opportunity comes knocking.
If your Business Plan is not grounded in a compelling Vision, consider this:
As an executive coach, I have seen clients spend countless hours building impressive plans, only to throw them out the window when the first big challenge or opportunity hits. What a waste!
Don’t waste your time putting together an annual Business Plan if you don’t also have a plan to review it, assess your progress, and make adjustments. Don’t waste your time creating a plan for next year if you don’t end it with clear objectives for each quarter.
At times, I have failed in this way with my own company, Building Champions.
A few years back, our team gathered to work on our business plan for the upcoming year. We were in the early days of this economic crisis, and our numbers were falling like never before. It was a very tough time for us champion builders.
One of our Executive Coaches by the name of Raymond Gleason asked, “Do we need to make incremental or radical changes in order for us to pull out of this?” It was a great question, and it helped to frame much of our conversation as we continued to work on our plan.
In the past two weeks, I have had conversations with two different business leaders from different industries who are asking themselves this same question, but in two unique ways.
