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The Importance of a Business/Life Plan

December 30, 2013

I recently read this on Daymond John Academy’s website, and found it to be relevant not only for business, but for life and relationships as well.  “Fail to Plan, Plan to Fail”.

“Many people have a great idea for a new business, but fail to make a proper plan of action to follow and think they can simply start the business and money will start flowing in. I’ll relate it to learning how to play an instrument. Everyone wants to be able to play a guitar like a rock star or play a piano like Billy Joel, but nobody wants to take the time on the fundamentals of learning to play an instrument. Everyone wants to sit behind a drum set and start banging away on the drums without worrying about how to properly hold the drumsticks…it’s human nature.”

That’s why we need to get our plans and goals in writing!  Vocalizing your goals and concretize a plan of action, in order to demonstrate that you have thought things through.  It will hardly ever turn out exactly the way you plan it, but that’s not the main point or a cause for concern.  Making adjustments and revisions to your plan along the way are critical.  Do not let your plans become stale, one-time inspired efforts.  Instead, schedule a periodic (at least twice per year) review. 

#ceoofme #timebug

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