Why is it that business plans never come to life? Why do almost all of them, once written, sit on a shelf and gather dust, while the futures they describe never see the light of day, and the businesses they lay out wobble their way into uncertain futures?
I continue to be confused as to why so many small to mid-sized business owners do not take the time to develop a strategic plan. When asked, the responses I hear are consistent; “Don’t know how”, or “I know where I am going so why do a strategic plan?” One business owner had enough courage to admit that he did not know what a strategic plan really is. Well, what ever the reason, the fact remains that the majority of business owners have not, or will not, develop a strategic plan. So, why is that a problem?
‘Mastermind Group’ is a phrase that is being bandied around so loosely that it seems to be losing all sense of its original meaning.
The phrase alludes to some kind of group, an alliance of some form, which meets for a specific purpose, the benefit of its members. It usually focuses on sharing or exchanging business knowledge, experience and ideas with a view to improving business performance. It uses the power of partnerships to create massive productivity gains and prosperity for its members.