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Over at Entrepreneur, Tim Berry says business plans are back.  While planning may have fallen out of favor for some, Berry says his specialty (he's the business plans coach at Entrepreneur.com) is going to be the reason for many turnarounds this year. 

This is the year for getting key planning elements defined and understood, for regular plan review and course correction, and for more focus on the planning process. All of which means, in a nutshell, that more businesses will benefit from better planning processes. Ultimately, that means more businesses, more jobs and more success.

Berry goes on to list three key factors behind his prediction:

1) The natural backlash of the 'don't plan' fad: "The more you see experts harping about the straw-man business plan that wasn't that useful, the more we're going to see people turning to real business planning because they need it."

2) Back to planning fundamentals: "...good planning increases your ability to manage change by providing you clear visibility of how everything links together."

3) New age of accountability: "You can't assume that showing up is enough anymore; things have to get done. And that means getting done remotely, or virtually, or wherever and whenever."

Read the full article here


Posted 01-13-2010 9:15 AM by Graham Griffith

Comments

Global Economic Watch wrote University of Oregon Students Study the Power of the Business Plan
on 06-21-2010 8:10 AM

Tim Berry started off the year by announcing that a resurgence in business planning would help many small

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