I believe strongly in the value of a company operating daily to the beat of a well thought out strategic plan. Without the plan beat, a CEO is left with daily activities being driven by the beat of short term need, i.e. reactive fire fighting. This mode is myopic by nature and becomes all consuming leaving little time for anything else. Companies in this state are generally mediocre at best and often times fail.
With a plan driving daily company activities, there's purpose and time to function with peace of mind; one knows they're doing right by themselves, employees, customers and other stake holders. Quality of personal life also benefits as well . . . one is usually a much more productive person across the board. The daily purpose that results from this mode makes it much easier to say no to those demands and people that are inconsistent with purpose.
While the above is not rocket science, many small business owners, especially, fall prey to the time dilemma created by lack of a plan that drives daily activities.
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