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Current DateTime: 10:51:00 24 Nov 2009
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THE BIG IDEA: VIDEO


Current DateTime: 10:51:00 24 Nov 2009
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    • A Secondary Financial System?  11 Nov 2008

        America speaks out with their solutions to the country's economic crisis and Jeremy from New York offers an unconventional, although historically relevant solution.

    • The Need for Transparency  05 Nov 2008

        Donny Deutsch, Jim Cramer and Dylan Ratigan debate the possibilities for transparency and suggest solutions for the country's struggling housing market and unprecedented government actions.

    • Senator John Kerry  23 Oct 2008

        Donny Deutsch and Larry Kudlow question Senator John Kerry (D-MA) Chairman of the Senate Committee on Small Business and Entrepreneurship, on the state of the economy and the outlook for small businesses.

THE BIG RECAP


Current DateTime: 10:51:00 24 Nov 2009
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Jun.04
12:04 PM ET
Wednesday, 4 Jun 2008
The Top Ten Questions For Any Plan

By Jon Ward, a member of Amilya's Lucky Napkin experts. For more information, see the end of this article!
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Whether you are planning a business, a wedding or an invasion — you need a strategy. But how do you go about crafting a plan that’s more than a daydream?

The secret to successful planning is to stretch your thinking skills.  Good strategists have a gift f
John Ward

or seeing the BIG picture. Great strategists have something more — they can zoom back and forth between the big picture and the gritty details.

The more fluid your thinking — the more “zoom” it has — the better your planning will be. One fail-safe technique for expanding your vision is to ask yourself strong questions. As a consultant to entrepreneurs, I’ve been in situations where just hitting on the right question has changed everything.

Another key is to write your plan down. That may seem obvious, but you’d be amazed by how many business people are running around without any kind of written strategy. They are probably daunted by the idea of filling 50 pages with text and tables. Quite right, too! Take your inspiration from Lucky Napkin, the name of Amilya Antonetti’s new company. Practice the art of brevity and write your plan in a few short bullet points.

So now take a look at The Top Ten Questions For Any Plan. Here’s a chance to challenge yourself with a new approach to planning. Answer these ten tough questions as honestly as you can. Then write down your strategy on a single piece of paper. With that in hand, you’re already ahead of most entrepreneurs, wedding planners and governments!

#1 - What’s My Outcome?

Your outcome should be simple, clear and measurable. What’s more it should have a date pinned to it — six months from now, three years from now, before I’m 80... You need to be able to revisit your outcome and say “Yes we did,” or “No we didn’t.”

#2 - What’s My Reason?

A reason is different from a goal. You can have a goal to make a million dollars next year but without a reason to attain it, you will never get there. Only a powerful, personal  motivation will carry you through the inevitable frustrations and setbacks you will face. Your reason is the fuel that drives your strategy and turns ideas into results.

#3 - Where Am I Now?

Next time you’re lost in a shopping mall, notice what you look for first on the map — “You Are Here.”  Whatever your goal, you must begin with the all important (and often missed) reality check. Take a cold, hard look at every aspect of your present situation. Then measure the distance between where you are now and where you want to go.

#4 - What Is The Context?

No strategy is executed in a vacuum. There’s an environment that will hugely impact how well you succeed. If you’re in business, that will include the economy, competitors, industry trends, new technologies… you get the picture. Sum up the context as simply as you can.

#5 - What Are My Resources?

If it’s big enough to demand a strategy, it’s probably too big to do alone.  So first take a look at your team. Who do you have, and who is missing? Then look at money, materials, space, etc. Remember to include intangibles like expertise as well as physical stuff. You may be surprised by how many resources you have, or by how much you still need.


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