You’ve likely heard the old saying before: “Failing to plan is planning to fail.” And while that little phrase may make a for a great motivational poster, developing a usable, practical plan can, in reality, can be a difficult and overwhelming process for businesses and nonprofits who don’t always have the time or resources to plan strategically.
That’s why we turned to Dr. Carol Poore, a strategic planning expert, in this episode of Financial Cents. As the president of Poore & Associates Strategic Planning and the author of “Strategic Impact: A Leader’s Three-Step Framework for the Customized Vital Strategic Plan,” she’s more than qualified to help us understand how small businesses and nonprofits can turn strategic planning into actionable, measurable goals that can take the organization to the next level.
“Strategic planning is vital, as in life-changing and life-giving, for a small business or nonprofit, and it revolves around a shared experience, a shared story and shared outcomes.”
– Dr. Carol Poore
But as Carol and host Brent Cannon discuss in this episode, it’s not simply enough to develop a strategic plan, because even a plan made with the best of intentions can become an obsolete “doorstopper.” Fortunately, Carol shares practical ways for small businesses and nonprofits to keep themselves accountable, measure their success and rally their leadership team, ultimately helping to insure that the future that they envisioned comes to pass.
Financial Cents is hosted by Brent Cannon, executive vice president and director of community banking, and features real answers to the real questions that Arizona businesses and individuals have about money and finance. Featuring veteran bankers from National Bank of Arizona, each episode delivers the kind of insights you could only get from a friend in the business.