It’s been said that 70 percent of “change” (i.e., new) projects in business fail. That’s true. But what is failure, why does it happen and how can you improve your odds of success?
Planning is an extremely useful component of growing your business, as it aligns the organization, focuses limited resources and establishes clear and measurable outcomes for the year. It also establishes action steps, responsibilities and timing for expanding the business. But value is only realized through the shift to action.
In many organizations, annual planning entails senior leaders meeting to decide the initiatives for the year. The challenge is quite often that this approach isn’t driven by analytical insight. Planning without data behind internal operations, performance and external factors tends to be uninformed planning.
The time has finally come. You’ve been saving money consistently over the years, as your child has graduated from elementary school to middle school to high school. Now your child is actually ready to start thinking about exactly where he or she wants to go to college. Selecting a college is no easy task.