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where can you buy antabuseThere’s never enough time to do it right the first time, but always time to go back and do it again.

This is an adage often said in project management. And it is sadly true.

Ideas are catalysts. And catalysts often breed excitement. People want to get going on the new venture or idea. This often happens at the cost of planning.

Taking the appropriate time to plan allows adequate research to ensure the venture pencils out. This is the time where important questions can be answered. Questions such as:

  • Are there enough team members to conduct work on this?
  • Is there enough budget?
  • Are there any upcoming things that may affect progress on the venture (such as pending legislation)?
  • What are the potential risks?
  • What are the potential benefits?
  • Does the team possess all the necessary skills to execute on the venture or will training or hiring need to happen?

Planning is essential. Once action begins on a project, meaning actual work by team members on the venture is started, costs go up exponentially. Planning provides the opportunity to gut check and see if the venture should proceed PRIOR to entering the phase where the majority of money is spent. It is always cheaper to make decisions during planning than during the execution of the venture.

Planning is a time to look at the bigger picture. This gives great perspective on the long term progress and reward of the venture. Are there risks to be considered? Are there additional benefits to be capitalized upon? Is there better timing for the project?

Planning can be the difference between a higher return and a higher loss. Contingency plans can be developed during planning. Taking a proactive approach is much better than being reactive. When we are reactive, stress from an impending situation places blinders on our outlook. Time is of the essence and a corrective stance must be created ASAP. Options are less likely to be weighed. The focus is on getting the fix in place rather than the best way to fix a situation.

Planning also ensures that the appropriate people are readied to work on the venture. Again, a proactive approach is better than a reactive approach. If needed skills are not present, perhaps a training plan can be put in place. In reactive mode, outside consultants usually need to be hired in a hurry. This lowers the ability to be able to negotiate better rates.

If you are leading the venture, know that it can be difficult to keep your team(s) calm during planning. They usually want to do, not plan. But teams should be actively involved in planning the venture. This guarantees a more rounded viewpoint of what the venture will need.

There is no venture too small to need planning. Even something seemingly benign as dinner must have planning. You need to know how many people will be there so you cook enough food. You need to know what people eat to create the perfect dish. You need to know what you are cooking ahead of time to know that you have all the necessary ingredients. You need to know people’s schedule to know when to start cooking.

Larger initiatives need planning too! If you are executing a project on behalf of someone, they want to know that their funds and assets are being used to the best of their ability. If you are paying for the project, you want to know that your money is being spent wisely. This all happens through adequate planning.

Now I say adequate planning because there is such a thing called “analysis paralysis.” This is where a team can get stuck in planning and never get to executing on the project. Each project is different. Each project will take a different level of planning. You will require less planning for a meal you make frequently than a meal using a brand new recipe you’ve never made before. You will need to be the judge on the amount of planning required. But never skip planning!

Set yourself up for success. Plan accordingly and then proceed!

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  1. I remember when the whole concept of strategic planning developed out of the work of a few business professors (I believe at Harvard Business School) and we all jumped on new techniques and philosophies around the planning. A whole new vocabulary was developed. What an exciting time that was! And business has never been as “on track”!

    • So true Sharon. It is so important to be able to focus on the near future, but yet an eye must be kept on the long term. I see strategic planning as the rudder that will steer you on a long journey.

  2. Planning is essential for any business. I just launched a 60 day challenge.. I thought we had all the bugs worked out.. but with each success we see something that we missed.
    We are focused on helping others and the opportunity to do this is great!
    Thank you for an insightful post. 🙂

    • You are welcome Katrina. Continual learning is a great way to keep going on strategic planning. Incorporating lessons learned is critical in making sure your planning is still in line with your vision. (This comes from my project management days! Hehe).

  3. Gina Binder says:

    I like the caution to avoid “analysis paralysis”. Balanced planning is essential to any successful change – in a business, in a diet, or in a troubled relationship. It’s amazing how many attainable goals we miss by failing to adequately plan. Thanks for laying it out!

    • You are welcome Gina! Analysis paralysis quickly turns into procrastination of we aren’t careful! It is tough to always know when to move ahead. The great thing is that planning is not a static activity and can change as you go. But you have to be able to get going! Hehe.

  4. bestrealhealth says:

    Planning is critical. One of my associates is known for saying, “When you fail to plan, you plan to fail.” That is so true.

  5. Planning and strategizing is such an important part of any business venture. I need to do more of it

    • It is a very crucial piece to business. The great thing is that you can always do more of it as planning is dynamic and should move with your business growth and needs. It’s never too late to start or incorporate! 🙂

  6. Rochefel says:

    It is indeed true, Planning is an important part of every business. next is the action you put on those plans…

  7. Pamela says:

    Planning is very essential in every business. Without it, your business has no direction. Thanks for all the tips here! Gotta re-check all my plans, LoL!

  8. Thanks for sharing these helpful business tips. I agree…”There is no venture too small to need planning.” I’m working on becoming an efficient planner. Sometimes I get so overwhelmed, I stay stuck! 🙁 That’s when I do something to relieve the stress and calmly start over. So far, so good!

  9. Diana Foree says:

    Your list of questions to answer before preparing for your venture are key to the first steps. Many times it’s Leap before looking and everything should come out alright. Some failures aren’t easy to fix. Your advice on how to plan, taking time to research are essential for business.

    • Thanks Diana. You bring up a great point – some failures aren’t easy to fix. And those unnecessary failures (due to lack of planning) take precious time from moving your business forward. Time is much better spent working on new initiatives that bring a higher return than fixing stuff that didn’t need to fail in the first place!

  10. Nate says:

    Wow, I never thought what you said about not having time to do it right the first time, but always find time to do it right the second and third time. That is something I need to consider moving forward. Thank you!

  11. The value of a community, a team, is so important to take a business’ plans out wider and more effectively A. Lynn. Over-planning can definitely hold you back from taking your message out to the world. Having a plan and then being flexible enough to be open to what comes towards you, is also a key to staying flexible and moving in the direction that can bring wonderful results.

  12. Great Article for any business, thanks!

  13. Jessica says:

    great post–this flowchart and the sequential posts on this topic are very helpful!

  14. Kungphoo says:

    Planning is extremely important. You can never plan out too much, but you can plan out too little. Thanks for the advice and the great post!

    • You are welcome. It is finding the sweet spot between planning, then getting into action while continuing to plan. It’s a dance, but when it is in step your business can make beautiful movement and music. 🙂

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