Wyoming Business Tips for March 16-22

Thursday, March 12, 2020

A strategic plan is a written document used to focus a small business’s plans for the future. It summarizes its goals and clarifies why they’re important. The strategic planning process also helps small businesses pinpoint the areas in which they need to improve in order to operate at their fullest potential. Put simply, the process of strategic planning is the blueprint for building a small business’s foundation for success.

Despite its importance, only a small percentage of small businesses take the time to consistently plan strategically, due to the widespread belief that strategic planning is a complicated, time-consuming process that is only suited to large companies. Fortunately, this is a misconception. Simple and effective strategic planning methodologies exist for small businesses.

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