The best time to start planning is when your business is doing well—ideally growing, profitable and showing stable ...

And even 20 percent of companies with more than $10 million in revenue lack a formal process. "When you're trying to just bring in revenue every month, formal business planning seems like ...

Success does not happen by chance – businesses need to plan for it. The process of business planning helps you describe the state of your business now, what you want to achieve, and the steps you will ...

Successful fly fishing isn’t just about choosing the right fly; it’s about mastering the entire process. The best fly ...

3. Absence of a succession plan: Many family businesses do not have a formal succession plan. This can lead to significant ...

Simons, Robert L., Antonio Davila, and Afroze A Mohammed. "Becton Dickinson--Designing the New Strategic, Operational, and Financial Planning Process." Harvard Business School Case 197-014, July 1996.

Wheelwright, Steven C., and William Schmidt. "Baria Planning Solutions, Inc.: Fixing the Sales Process (Brief Case)." Harvard Business School Teaching Note 114-569, May 2011.

Timing an exit process for a business requires introspection, strategic planning and thoughtful preparation, while accounting ...