Author page: Victoria Nukire

5 Mistakes with Annual Strategic Planning

  As the year wraps up, does thinking about your finances trigger anxiety? Is your business slowly plunging into debt or have you lost track of your business strategy?   If you answered yes to any of these questions, you may be making one of these 5 mistakes: Creating a strategy just once in a year: Strategy is a continuous process. Most businesses make the mistake of creating that strategy once, and think the work is done. However, building an effective strategy is a continuous process of going back to the drawing board and re-strategizing as you go.   Strategy is not top down: It is not a dictation from the owner or manager Effective strategy is a collective effort of team members with similar mind sets. Are you a CEO who thinks you can throw out the plan and wait for it to be executed? If yes, then your…

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