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Lean Business Planning

Get what you want from your business

Lean business planning simple but powerful way to get what you want from your business. Get focused, grow faster, and adjust to change. A lean business plan is an easy and practical way to align strategy, tactics, milestones, assumptions, and essential cash flow without the fuss of a full business plan.

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Beware of the Myth of Persistence

I worry a lot about the myth of persistence. Persistence won’t necessarily make your business successful unless a lot of other things are also right. And persistence alone can turn failure into disaster. But still, people who should know better – people who succeeded – still talk about it all the time. There’s a logical trick...

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Why All Business Has to be More Social

Are trends favoring social businesses over classic “greed is good” businesses? Is all business social business? Or, every day, more business is social? I think so. I hope so. I first heard the term “social venture” in the late 1990s. Back then, social ventures were the odd exception to the norm, making money while making...

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Two Paradoxical TED Talks Every Business Owner Should Watch

My thanks to Hubspot and post author Mike Whitney for today’s two Friday videos. Whitney included these two in his selection of 4 TED Talks Every Marketer Should Watch, from last year. I want to focus today on these two as not just for marketers, but also essential TED talks for business owners. They go...

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True Story: My Worst-Ever Business Plan Consulting Engagement

In more than 30 years with business planning, my worst-ever business plan consulting engagement was for a startup that should have been funded but wasn’t. It was a good business plan. But the business plan process became the fatal flaw. A good plan, excellent team, good startup I learned this lesson while sitting in a series of meetings,...

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Video: Scott Cook: Savor Surprises in Business

Nice short video of Scott Cook giving a great example of how surprises come up in business. My Friday video for this week, from Stanford eCorner. He talks about discovering the value of doing simple bookkeeping for people who aren’t accountants and don’t care about debits and credits. As he tells how Intuit discovered the...

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Tools, Productivity, And Bright Shiny Distractions

Is this you?  Over and over again, you fall off on regular consistent organizational practices like to-do lists, emails, planning, backing up your computer … then you run across some cool new productivity tool. You jump on the bandwagon enthusiastically, promising yourself that you’re finally going to get organized and stay organized. You spend happy...

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What Business to Start? Look in the Mirror. Depends on You.

I’ve always said that what business is right for you depends not on the market, or what’s hot, but on who you are. So look in the mirror. I get a steady flow of questions about what business to start, and I see them almost every day on Quora.com, my favorite question-answer platform. With this...

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True Story: Startup Addict, Chronic Failure

I believe that developing your own business is ultimately a matter of doing the work, getting the store open, returning the phone calls. And I fear that too often people fall into the myth and mystique of the startup and end up doing just the opposite. They are always waiting, never working. This is the story of a...

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5 Management Benefits of Lean Business Planning

Don’t think of a business plan as a formal document that’s hard to do, useful only for startups, bank loan applications, and seeking investment. Think of it as lean business planning that’s just lists and tables and is vital for optimizing business management. You plan, run, review, and revise. It’s a process. A constant cycle....

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Build Yourself a Compatible Goals Filter

Suggestion: on any kind of business relationship, take a step back, open your eyes, and look for compatible goals. For example, one variety of hell is a startup with founders and investors having different goals. Differences on how to achieve goals are hard enough. You can talk out those differences. But when investors want one...

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