Already on ArticleSlash?

Forgot your password? Sign Up

Strategic Planning Tip - Bad Luck Is the Result of Not Planning

Leanne Hoagland-Smith

Visitors: 409

The word plan continues to be a four-letter word. Why? Because people buy established businesses without a written action plan and then complain when the business goes south.

For example, today a potential client told me that he had a string of bad luck. After he and his partner purchased an established business, two key employees left and so did a significant part of the revenue. Also, with the retirement of the owner, existing loyal customers left because their loyalty was to the past owner and not to the current ones. This was all contributed to bad luck!

After listening to the individual complain, I asked him: “Would your outcomes be different if you had taken the time to ask yourself this question: What happens if a key employee left?"

The response was “Sure, but I did not think about any employee leaving. The business was over 30 years old and very well established. All the records were in tact and everything looked good on paper.

An old quote states: “Good luck happens when preparedness meets opportunity. "

So possibly the reverse is true that “bad luck happens when no planning meets the unknown. "

Simply speaking, the failure to plan is planned failure. Without an action plan to begin to guide a business or even an individual, the end result is usually walking down the wrong path along with a lot of spraying and praying going on.

This creates a working harder not smarter business environment. The business owners in the earlier story are both discouraged because what they believed to be some easy money now has become a daily effort just to keep the doors open.

If you want luck, then make it part of your action plan. Commit your goals to writing. Work your action plan, plan your work. Then see all of the luck come your way or if you want believe that you have been lucky.

What leadership disconnects do you have in your organization. Take this free self leadership assessment.

What other strategies are you using to in your action plan? This free customer loyalty audit may help better understand how to cultivate loyal customers by turning them into raving fans.

Leanne Hoagland-Smith, chief customer officer with offices in Chicago & Indianapolis, helps organizations through business coaching training services to return to the purpose of business that being building ravings fans while increasing productivity and profitability. Her clients double results in 30 to 90 days. Call 219.759.5601 to schedule a free business coaching training consultation.


Article Source:

Rate this Article: 
Getting into the Core of Strategic Planning
Rated 4 / 5
based on 5 votes

Related Articles:

Strategic Planning Must Include a Strategic Action Plan Filled with WAY SMART ..

by: Leanne Hoagland-Smith (February 09, 2007) 

Strategic Thinking Vs Strategic Planning

by: Brice Alvord (January 07, 2008) 
(Business/Strategic Planning)

Success - The Result of Good Planning

by: Paul Agwu (June 02, 2008) 
(Self Improvement/Success)

Affiliate Marketing is as a result of good planning

by: Tom Morton (July 08, 2010) 
(Home Based Business)

Strategic Planning And What It Can Do

by: Brad Roberts (June 21, 2012) 
(Business/Strategic Planning)

Sales Strategic Planning

by: Gordon Petten (August 06, 2008) 

Strategic Planning - What Does Your Company Mean?

by: Robert W Bradford (June 17, 2007) 
(Business/Strategic Planning)

Strategic Planning and Six Sigma

by: Tony Jacowski (June 26, 2008) 
(Business/Strategic Planning)

You Get What You Measure in Strategic Planning

by: Robert W Bradford (June 13, 2007) 
(Business/Strategic Planning)

Getting into the Core of Strategic Planning

by: Mario R. Churchill (January 25, 2007)