Is Your SOS for Your Small Business Because You Are Suffering ...

In speaking with a new client, he made this observation about small business owners suffering from SOS that being ?stubborn or stupid.?? His comment reminded me of another consultant who shared that she had interviewed 100 small businesses and 100% of them had no strategic plan.

Credit www.sxc.hu

Since I established my executive coaching and organizational development consultant firm over 15 years ago, I can offer these observations with 100% full confidence about small businesses with 99 employees or less and entrepreneurs:

• 90% do not engaged in strategic thinking or business planning
• 96% of small business owners will not make an investment in their own firms, but expect customers to invest in theirs by the purchase of products or services
• 97% that have a strategic plan do not review it on a regular basis (weekly or monthly)
• 98% of small business owners do not consistently set and achieve their own personal goals less alone their business goals
• 99% have a mission statement that is not goal driven with key metrics in place
• 100% of small business owners know they need planning, but make excuses about not taking action

These statements appear to validate my client?s observation that small business owners including entrepreneurs are stubborn, stupid or worse yet both.

Most probably 99.9% of all adults know the consequences of going to the grocery store without a written grocery list.? They agree this small piece of paper has significant value because of the lost resources of time, energy, money and emotions. However, most do not invest the same time for planning their lives and consequently that written grocery list literally and figuratively has more value than the rest of their futures.

With the year quickly coming to an end, now is the time to attend a workshop on strategic planning or hire a small business coach or engage an organizational development consultant to put your business goals to writing and chart a course of action towards the finish line for 2013.? The secret within the written grocery list is not the plan, but rather the planning, all the thinking you engaged to ensure your trip to the store was successful.

President Dwight Eisenhower said it best:

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Source: http://processspecialist.com/increasesales/small-business/small-business-sos/

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