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Operations

Writing vs Executing the Business Plan

Writing vs Executing the Business Plan

Do you know the reason for your success?  Was it the brilliant business plan that anyone could make money on or was it the employee's amazing execution on a mediocre plan?  Or what if your company isn't doing well?  Do you know what should be blamed... the plan or the execution?  The "5 Things" matrix can help you figure that out.

Internal vs. External Constraints

Internal vs. External Constraints

There are two types of constraints that a business can have: internal and external.  External constraints are those that are thrust upon a company and you have no choice but to adapt to them.  Internal constraints come in two forms: good and bad.  Good constraints keep you focused by removing those things that are distractions.  Bad constraints are limitations in your service or product that just tick off your customers.