Milestones and metrics are the key to successfully growing and funding startups. Backwards Planning is a useful tool for determining those milestones and metrics.
Topic: How to Create a Strategy, Vision and Mission
How to Build a Winning Team
How to Create a Strategy, Vision and Mission
How to Create an Advisory Board
How to Get Funding
How to Improve Your Company
How to Improve Your Pitch
How to Start Your Company
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Assessing the competitive environment allows you to determine if your idea is truly unique.
The military has developed a procedure for developing a plan, analyzing it and making a decision- the MET-T analysis is an effective, efficient way to evaluate your business and accomplish objectives.
Strategic thought requires thinking “conceptually” as opposed to “sequentially.” Sequential thinking weighs the pros and cons of each step against its immediate surroundings. Conceptual thinking requires that each step be measured against the larger goal. Perhaps this is best understood with an analogy. Imagine going on a trip from point “A” to point “B.”
There has been a trend to try to create one overarching company mission statement. However, they often become “wall art” hanging in the office of little practical use in operating the company.
An entrepreneur’s favorite word is “yes.” We are perpetual optimists. Success is always possible. If you ever stop believing that, shut your operation down immediately and find something else to do that will make money.
How do we get there? Remember that your organization’s vision is the destination.
Earlier this year, I talked about The Value of Vision… Notice I didn’t say the “value of a Vision statement.” It is essential to understand your organization’s dreams for the future, prior to coming up with the pretty words you put on paper and hang in conference rooms. So, how does an organization clarify its vision?
The words were NOT an accurate reflection of the company I worked for.