As we are a month into the second half of the fiscal year for most businesses, savvy business owners are already planning for the year ahead, along with continuing to look 3 to 5 years ahead strategically. For decades, the norm for situation analysis within a business plan and strategy is to use SWOT (strengths, weaknesses, opportunities, threats) as a basis for making strategic decisions and prioritizing action. Too often, however, specifically the weaknesses and threats are not effectively...
Have you been told that your expectations are too high? For some business owners, this may make you feel that you should lower your expectations due to pressure felt by these comments, resulting in managing in a “settle-for” mindset to the detriment of your business or what you envision. Another consideration about expectations is in what you as the business owner expect of others and then what you practice and demonstrate to others. If you are not practicing what you preach in your...