Page 4 - NBIZ Magazine 2022 February

FALL IN
Love

WITH YOUR PLANNING

By Leanne Hoagland-Smith, M.S

T he month of February is known for Valentine’s
Day. This day, despite its gory origins, has
evolved into a day of love, romance, cards, and
a plethora of gifts. In some instances, people
begin planning in January, if not earlier, for special events
ranging from a dinner out to marriage proposals.
This may be a good time to appreciate the wisdom of
President General Dwight Eisenhower who believed, “Plans
are worthless; planning is everything.”
Planning is a verb, and the word “plans” is a noun. In
business and life, actions are what generate results and
thoughtful (predetermined) actions have the immediate
benefit of generating better results.
There are many business planning models available. Yet,
beyond having a consultant work through a potentially
expensive strategic thinking and business planning
investment, I have discovered a simple business model
specially designed for single entrepreneurs and mid-size
companies. What this model does is encourage thinking
while keeping the overlook concise and easy to manage.
This business planning model was licensed under
Creative Commons CC BY-SA 3.0. One can utilize the model
provided he/she includes the name of the licensee and a
reference to BusinessModelGeneration.com.
The two reasons I appreciate the Business Model
Generation are #1 - It’s a one-page visual representation of
your current business; #2 – It provides exceptional clarity
as to where one’s business currently operates. Within nine
areas, one can dive deeper into his/her business and analyze
each area and its impact on daily operations.

4 NBIZ ■ February 2022