Business Plans, Products and the Horse Race

I recently revisited my business plan (something I do about every 4 months…). My goal is to see (a) how/what I’m doing regarding how/what I THOUGHT I’d be doing, (b) note any changes, and (c) update the plan accordingly. This combined backward- and forward-cast of consideration reminded me of a post I made awhile back about the parallels of enterprise performance review processes and horse races. While that post focused on the willingness to engage in developing and enriching team members that are forced into a strictly hierarchical and ‘winner-takes-most’ structure, it made me consider the dynamism of the processes, products and services that entrepreneurs work with. We work in the middle of a whirlwind every day.

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Laser-focused Business Goals!

There are a lot of ways for business owners to formulate, define and drive to their business goals. A mentor I had while I worked at Microsoft had three goals he printed on a 3 x 5 note card and taped that to his monitor. He told me that if what he was doing didn’t directly impact any of those three things, he would not do it (where he was in the pecking order allowed him that kind of choice…). He was relentless and laser-focused on those goals every day. They were something of a mantra for him.

Seriously interested in being as successful in my career as he was in his, I gave this a try. While my place in the pecking order didn’t allow me the kind of flexibility to say “No.” to some activities that didn’t map to my goals, I gave it my best shot. What I began to find was that, while my goals may have been well-written and clear, the day-to-day required to get there became more difficult and a lot less fun. Needless to say, this was frustrating….

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Is Innovation Dead?

Innovation” has become a flat buzz-word in business. I think we may have finally beat it into unremitting grayness, which is unfortunate. If ever we have been in need of creative and unusual solutions to problems, it is this moment in which we find ourselves. Even the concept of “disruptive innovation” has become something of a totem that has lost meaning.

I have been in discussions of how some organizations choose to approach this kind of process. Some pat themselves on the back if they can manage to agree on changing the color of the cloth covering the cubicles, and others destroy productivity and morale by nuking the team, process and business plan almost monthly. Certainly, what works for one may not work for another, but taking well-written best practices and lessons learned from an book or article (or motivational speaker…) and then rounding your team into a room and delivering it as this quarter’s way out of a business problem without due research and context probably won’t work.

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Sustainability, Triple Bottom Line and the Solopreneur

English: Balance of Sustainability

English: Balance of Sustainability (Photo credit: Wikipedia)

A business forum I attended a while back consisted of a panel of folks from various kinds of businesses, including a local bank, a cafe’/bakery, an architectural firm and local health care. The discussion revolved around how they each approached the overall idea of sustainability and the Triple Bottom Line (TBL) of People, Planet and Profit (or as they were presented: Social, Environmental and Economical). Each have very interesting and unique approaches, and the challenges they encountered (and still work through…) were instructive.

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