New Year Business Resolutions Opps I Mean Strategic Planning

The year 2010 promises to offer many new opportunities. While many are making their New Year's "Resoluations", it would be good to work on this year Strategtic Plan. Good questions would be:

• Are the Strategic Goals still viable in this next year's market place?
• Is the SWOT still current or does it need updated?
• Is the Action Plan for this year adequate?
• How can the Return on Equity (ROE) improve?
• Are there new products/services that need added?
• What products/services need dropped?
• Does the business have a competitive advantage?
• Can the business improve its Sustainability goal?
• Does the business have enough cash reserves?

Reviewing the direction of the business is important. It might be a good time to take a deep breath and spend some time working on the Strategic Plan.

Enjoy your planning and Happy New Year!

Judy