Taking Action

Taking Action

Identify the tasks that must be accomplished. You need to know: what, who, when, how and how well.

The most common mistake here is stopping with the What and Who. 

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Mistakes You Make When Planning

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Your Destination

Before you do any more detailed planning, before beginning to discuss or actually take action, determine what success would look like, what needs to be accomplished.

What will success look like? What problem are we trying to solve? What will be different when we are done?

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Your Roadmap

Write down the big picture Roadmap (the various dimensions of the project) so important components will not be forgotten and unnecessary steps will be eliminated.

You will be able to work backward from the destination, review your objectives, and debate various approaches before getting bogged down in the detailed steps. 

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Warnings

Ask the important question: What might go wrong?

Most plans fail and the reasons for those failures are not usually all that surprising. The problem is that few people stop to ask what could go wrong.

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  1. In the simplest terms, the strategic planning process is the method that organizations use to develop plans to achieve overall, long-term goals.
  2. The strategic planning process is broad — it helps you create a roadmap for which strategic objectives you should put effort into achieving and which initiatives will be less helpful to the business.
  3. The strategic planning process steps are outlined below.

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Savings and investments should be part of a monthly budget even when young or just starting a career.

You cannot save enough if you are waiting until your late 30's before thinking about savings and investments.  Then credit cards and loans will drag the savings with added responsibilities like marriage, children, care of parents, etc.

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