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Friday, August 25, 2006

Planning and Execution

From the "School of Doing Business":

Running a small business can be boiled down to TWO activities:

  1. PLANNING
  2. EXECUTION

There are only 4 possible combinations to the above formula, and two possible outcomes:

  • GOOD execution of a BAD plan ----> leads to failure.
  • BAD execution of a GOOD plan----> leads to failure.
  • BAD execution of a BAD plan----> leads to failure.
  • GOOD execution of a GOOD plan----> leads to success.

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