Many businessmen laugh at those who do long term planning. They feel that in an uncertain market what is the point of planning.
But the truth is long term planning gives us focus. It gives us strength to stay on path when extra ordinary good or bad things happen to our business. It's gives us the direction.
This does not mean we should never change our plan. We should have a long term goal, mentioned in specific terms like 10 showrooms in 10 years or so. And we should review our action plan every quarter to ensure new internal or external conditions is not putting us off track.
There are reasons why businessmen who wants to grow, still don't plan long term.
They are either afraid of their plans not realising hence a sense of failure or do not know how to plan. Businessman should not have fear of failure. He should be brave.
But if they do not know how to plan, then engage strategy consultants or experts who can help you plan.
Business Insights by Ameen Ahsan @
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