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TAG: Strategic Planning

High Performance: Offense or defense?

October 30, 2015By

When I was a young boy, I played organized football. I was relatively smart, quick and athletic, but small—especially for football. I ended up playing in the defensive backfield as a safety—in a position where I wouldn’t be much of a factor in the game. At least that’s how I saw it. My job was to make sure nothing got... read more

Let your vision guide your strategy

January 24, 2013By

Imagine that you spent a great deal of time planning the perfect vacation. You rented a beautiful house, the car is loaded, the kids are excited and everyone is eager to get on the road. You start the car and hit the gas. But as the car takes off, you realize you have no steering wheel. You’re going to end... read more

Five steps for successful strategic planning in 2013

November 8, 2012By

Now is the time to assess this past year and make plans for improved performance next year. Involve your staff and create a strategic plan that everyone can support. Here are 5 steps towards improved profits. 1. Assess your financials. Compare your numbers to last year, and of course, to your budget.  But don’t stop there! Assess each of your... read more

Sizing up the challenge

September 1, 2010By

We talk a lot about strategic plans, but rarely about strategy. A successful strategy increases enterprise value. Enterprise value is the financial worth of your business. It is calculated by multiplying earnings before interest, taxes, depreciation and amortization (EBITDA) by an EBITDA multiple. Therefore, your strategy must address a simple mathematical truth: Increase both EBITDA and the multiple. So far,... read more