The key to your 2010 business plan? Make it a living document

January 13, 2010 | Hospitality Industry

Maximize your performance in 2010 by using your annual business plan as a living document. We must review business plans often and measure against specific goals. Adjust the plan as needed to meet or adjust your goals.

In the uncertainty of today’s economic environment, the old saying, “Plan your work and work your plan,” is not only as good of advice as ever, it takes on a new meaning.

We know the annual process of writing business plans produces our blueprint for achieving maximum performance. In this economy we know any number of economic variables could change from the predictions we made during the planning process.

We have to use our annual plans as living documents—not as an exercise that produces a binder that sits on the shelf and gathers dust all year.

Get the full story at HotelNewsNow.com

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