Who Plans on an Annual Basis?

It always shocks me how many businesses do not formally plan. Recently, at a conference, I asked a group of CEOs, “Who plans on an annual basis?” Only a quarter of them raised their hands. I was shocked. In addition, when pressed on why they did not plan they said they were too busy fighting fires to have time for that.

They then complained about low growth, no profits and blamed the economy for their problems. I felt better at that point with their clearly powerful and insightful analysis. Clearly they were Dunderheads. These CEOs did not make the connection that planning helps you deal with the economy and the issues that challenge your business. I am getting my pointed stick dipped in organic monkey dung to deal with these guys. It is organic dung because they are CEOs after all.

It is true. Many small- to mid-sized companies do not plan formally, just as many adults do not exercise. Yet we know exercise is good for you. It helps you live an improved quality of life. Routine exercise allows your body to maintain its health and vitality. Strategic breakthrough business guessing/planning works for businesses in much the same way as exercise does for the individual. It does not guarantee health, but exercise certainly dramatically increases the likelihood of having it.

For more information about CMI and Business Planning visit our Website: http://www.cmiteamwork.com.