Business Plan Burnout
Avoid business plan burnout.
It is easy, especially in a small or new organization to invest too much time in business planning. A larger organization may have more resources and people that can devote greater amounts of time to business planning. Figure out the right balance of time and resources that works for your organization between planning and implementation.
One indication of business plan burnout is the attitude of your managers and employees. If people start rolling their eyes you know there is a problem.
Avoid these
- Avoid too much planning and not enough actions to implement
- A complex business planning process that doesn't match the organization and the participants
- Spending too much time writing the business plan and creating a long complex document.
- Too many strategies for the organization to focus on in the coming year
Related Best Practices
- Building a Business Plan – New SBA Online Tool
- Business Plan for a Startup
- Business Plan for an Ongoing Business
Resources
Author
The author of this page is Joe Nordlinger
Joe Nordlinger is founder, President and CEO of Ascent a US based professional staffing firm. Ascent places highly skilled professionals in Technology, Business Professional & Pharma (Clinical & Scientific) positions—both contract and direct hire—at Fortune 1000, mid-size, and startup companies in a range of industries. Prior to Ascent, Joe was a business development manager for Cap Gemini-Ernst & Young and holds w Bachelor of Arts in International Political Economics from the University of California at San Diego.