How much time do you spend on strategy and business development for your business?
Think about this for a moment: The CEOs of Inc. 500 companies regularly spend 50 to 90 percent of their time on strategy and business development1.
Even if you aren’t an Inc. 500 company, you can benefit from some of the same tools that successful business owners use to grow their businesses. Putting a little time into strategic planning for the year (or for any 12-month cycle) is well worth the effort.
The strategic planning process doesn’t have to be complicated, but it does require that you set aside a little time from your regular work schedule. Remember the adage: failing to plan is planning to fail.