I recently had the pleasure of sitting down with Dakota Business Lending of Fargo, ND, to talk through what makes an effective strategic plan. Check out the interview below:
Whether you own a business or are looking at starting one, there has probably come a time where someone has advised you to develop a strategic plan.
But with the constant changes that owning a business brings, along with the current business climate, the temptation to put a plan aside and wing it is stronger now more than ever. To get a better understanding of what a strategic plan really is and why it is important, we sat down with Patrick Metzger – a Certified Entrepreneurial Operating System (EOS) Implementer and business coach – and talked to him about why we cannot rely on our own luck to grow a successful business.
Dakota Business Lending: What IS a strategic plan and how does it differ from a business plan?