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Plans are Worthless - But Planning is Everything

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Residence Inn by Marriott Boston Needham

80 B Street

Needham, MA 02494

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Plans are Worthless - But Planning is Everything

Working "on" the business rather than "in" the business

Simplistically, the strategic planning process in a family business is similar to non-family businesses-- except for having to integrate the family into the plan. That's a big exception.

Family Business Panel:

Join us for a conversation with a panel of three family business leaders, each of whom chose to implement different types of strategic planning: Jim Kaloyanides from New England Coffee, Dirk Koopman from Koopman Lumber, and Tony Roscillo from Piantedosi Baking Co. Discussion will be facilitated by Venkat Kuppuswamy, Assistant Professor of Entrepreneurship & Innovation at Northeastern University.

It's about getting the founder's vision down on paper and inviting (trusting) others to be involved in the planning process in a collaborative way. It does stir up sensitive issues like sibling rivalry, family conflict, leadership decisions and estate planning. This is why some consider the planning process to be even more important than the actual final plan, because it forces the family to discuss the un-discussable.

In this program, we'll show you how to:

  • Get into the planning mindset and carve out time from the day-to-day operations of your business
  • Get the family's vision down on paper
  • Invite (trust) others to be involved in the planning process in a collaborative way
  • Start the planning process with a top-level, 1-page strategic plan
  • Create a continuous planning process rather than a one-time planning event

Strategic planning seems like such a big process, but it doesn't have to be. Once you get srated, you'll find it's one of the most fun parts of your business. Going through the "strategic planning" process is actually more important than the final "strategic plan" document.

For more information about the event, please contact Koreena Geisler-Wagner, k.geisler-wagner@neu.edu | 617-373-3718.

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Residence Inn by Marriott Boston Needham

80 B Street

Needham, MA 02494

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