Question: What’s the difference between a business plan and strategic planning? Answer: To some, there’s no difference, and both play a critical role. But to me, it’s a difference in focus between planning and action and strategic plans are the better choice when the goal is to get out of the starting gate and win the race. A full, formal business plan is great if you’re a start-up at square one, you’re going for funding or it’s a contractual mandate, or you’re at a major turning … [Read more...]
