Here are 3 steps to take when your business plan doesn’t match the actual

I’ve said many times that what really matters in business planning is the planning, not just the plan. This time around I’d like to go into more detail about that moment of truth when you’re working your plan, time has passed, but the plan is out of synch with reality. What do you do then?

Just asking this question means you’re already on the right track. You can’t get to this point without having done several things right: Read more

This article was originally written by Tim Berry and published on entrepreneur.com

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11 Ways to Think Outside the Box

Thinking outside the box is more than just a business cliché. It means approaching problems in new, innovative ways; conceptualizing problems differently; and understanding your position in relation to any particular situation in a way you’d never thought of before. Ironically, its a cliché that means to think of clichéd situations in ways that aren’t clichéd.

We’re told to “think outside the box” all the time, but how exactly do we do that? How do we develop the ability to confront problems in ways other than the ways we normally confront problems? How do we cultivate the ability to look at things differently from the way we typically look at things?

Thinking outside the box starts well before we’re “boxed in” – that is, well before we confront a unique situation and start forcing it into a familiar “box” that we already know how to deal with. Or at least think we know how to deal with.

Here are 11 ways to beef up your out-of-the-box thinking skills. Make an effort to push your thinking up to and beyond its limit every now and again – the talents you develop may come in handy the next time you face a situation that “everybody knows” how to solve. Read more

This article was originally published on lifehack.org and written by Dustin Wax

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Is a Business Plan Necessary?

Before you dedicate your life to crafting a business plan the length of a book, read these two paragraphs from the 1/9/07 edition of the Wall Street Journal in an article called “Enterprise: Do Start-ups Really Need Formal Business Plans

A study recently released by Babson College analyzed 116 businesses started by alumni who graduated between 1985 and 2003. Comparing success measures such as annual revenue, employee numbers and net income, the study found no statistical difference in success between those businesses started with formal written plans and those without them… Read more

This article was originally written by Guy Kawasaki and appeared on his blog: http://blog.guykawasaki.com

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