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Yesterday I posted Why Business Planning is Like Regular Exercise over on Planning Startups Stories, my main blog. I had read Gentle Nudges Work to Get People Exercising on WSJ.com, reporting on research that indicates regular reminders helped people stay consistent with exercise. That’s part of the reason I emphasize setting the review schedule as part of your business plan, and, in general, recognizing that the real win for your business isn’t just a business plan, but a planning process that includes regular plan-vs.-actual review, keeping your plan alive, using your plan as a tool to manage your company. And for that, you want to build in reminders, schedules, and process. Set one day of the month for regular review of your business planning.
Tag Archives: business plan
4 Tips for Giving Your Business Retirement Plan a Check-Up — Before the IRS Does!
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When you think about retirement plans, you don’t tend to think IRS. But if your business operates a retirement plan for its employees then the IRS, and of course your employees, expect that you keep it in good shape and optimized for the best financial return. Giving your business retirement plan a check-up, whether it’s a 401(k), IRA, SEP, or 403(k) can also help you save time, money and paperwork Continue reading