Entrepreneurs' Blog

22 Feb, 2011

If you fail to plan, you are planning to fail

Posted by: Bev James In: Business Tips|EBA News|EBA Seminar|Mentoring|Millionaire Mentors|Tips For Success

If you fail to plan, you are planning to fail

At the heart of all financially and reputationally successful businesses is business planning. There are different systems and approaches people use or adapt over time but, essentially, playing your business forward with great business planning skills not only gives you the path to follow but it also keeps you on track and stops you being seduced or sidetracked by a new big idea or opportunity!

If all of today’s decisions count towards tomorrows success, you must adopt strategic planning into your business.

If you fall into the percentage of business owners with no plan at all, well, you might count yourself lucky to still be in business.

‘Being in business’ yet struggling to keep your head about water isn’t the picture of being in business we’d like you to have.

It’s not the type of business we want you to have!

No, our ideal picture is of you thriving in your business, keeping a healthy cashflow, making profit, retaining your customers, growing and expanding and living a good life!

If you adopt business planning, you can:

  • Appraise the ideas you have with less pressure to make a quick decision
  • Budget for them accordingly – even discounting what seemed a great action when you work out the costs
  • Plan better for the future with ideas, projects and build in appropriate lead times
  • Schedule PR/marketing/advertising with more time and negotiate better
  • Keep on track

Gill Fielding, one of our Millionaire Mentors, wrote a super blog for us about the concept of  White Rooming which many people loved – if you missed it’s well worth the read

If business planning skills (as well as many others) elude you, then welcome to the EBA – the home of entrepreneurial business coaching excellence.

Our next one day TOTAL Business Mastery Seminar is taking place on Saturday 19th March in Central London. We have James Caan presenting, together with Bev James and the Millionaire Mentors.

Find out if the EBA can turn your mindset and skillset around .. check us out via www.the-eba.com.

Don’t get an MBA – get an EBA.

“If running a business was easy more people would do it. The reason entrepreneurs get excited about business and being their own boss is because it represents personal challenge but results aren’t guaranteed. Increase your success with a top skillset and sharp mindset.”

We look forward to seeing you.

EBA HQ

2 Responses to "If you fail to plan, you are planning to fail"

1 | Tweets that mention If you fail to plan, you are planning to fail | Entrepreneurs' Business Academy Blog -- Topsy.com

February 22nd, 2011 at 11:54

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[...] This post was mentioned on Twitter by tallulah love and bevjames, Entrepreneurs BA. Entrepreneurs BA said: If you fail to plan, you are planning to fail – http://bit.ly/eAXjfG #ebauk [...]

2 | The Show Must Go On | Entrepreneurs' Business Academy Blog

January 25th, 2012 at 10:01

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[...] The important thing is not to put your head in the sand – and to either work out a strategy to maximise the potential that the increased footfall might bring, or work out a plan to minimise any potential negative impact. [...]

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  • Morgan Grage: I like this post, enjoyed this one regards for putting up. "No man is wise enough by himself." by Titus Maccius Plautus.
  • Derek: Brilliant article Bev, thanks for sharing. coincidentally the kilimamjaro example used is on my 2014 to do list! Ps thanks for the tips you gave me
  • jackson: thanks for your great article about developing your business idea to great business Jackson mutebi

About EBA

The Entrepreneurs' Business Academy is a unique and highly practical one stop resource for business owners and aspiring entrepreneurs, providing a range of courses , EVENTS and materials that give step-by-step guidance for entrepreneurs on their business journey. The EBA's courses have been put together by James Caan and Bev James MD of EBA and The Coaching Academy, and specifically designed to teach its participants the skills required to take an idea and turn it into a reality. Read more...

 

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