 |
Functioning safely in an interdependent environment requires that every team possess a holistic understanding of the interaction between all the moving parts. Everyone has to see the system in its entirety for the plan to work.
|
141 |
 |
Bootstrapping involves managing for cash flow, not profitability. That isn’t a long-term plan, but until you are sitting on a pile of cash, it’s the way to go.
|
087 |
 |
In practice, the days of writing business plans are gone. Few sophisticated investors will read one as the first step – everyone wants to hear your pitch, not read your plan.
|
159 |
 |
What’s more important than planning is grinding – that is, working long and hard and experimenting.
|
215 |
 |
The art of good leadership is the ability to look beyond the growth plan and the willingness to act prudently when something is not ready or not right, even if it means slowing things down.
|
080 |
 |
Know your tolerance for risks. Have a plan and a backup plan.
|
191 |
 |
When you share your plan with others, you increase your chances of finding supporters who can help you achieve your breakthrough.
|
160 |
 |
Every Experiment risks failing; the goal is to plan for a risk you can absorb. Start small.
|
149 |
 |
Strategic planning is not the application of scientific methods to business decision. It is the application of thought, analysis, imagination, and judgment. Its is responsibility, rather than technique.
|
124 |
 |
…forecasting is not a respectable human activity and not worthwhile beyond the shortest of periods. Strategic planning is necessary precisely because we cannot forecast.
|
124 |
