An often offered comment to me when I speak about strategic planning to small business owners and managers is that their company or organization is too small for strategic planning. Or they will offer any number of other excuses why they do not use strategic planning for their business. In my opinion, this is a sad commentary on the thinking of these small business people. They do not realize or comprehend that their business or organization is on the pathway to the business graveyard without a strategic plan.
Well, I really believe if the truth were told, the real reason they do not do strategic planning is related more to fear than anything else. And so I ask this question: “why are so many of these businesses strategically challenged, strategically averse and/or just plain scared or fearful of strategic planning?” Your Strategic Thinking Business Coach reviewed and reflected upon experiences with this type of small business thinking and offers the following ten major fears that drive small businesses away from strategic planning.
Fear #1: Fear of being intimidated and overwhelmed by the strategic planning process.
Many small business owners and leaders have pre-conceived an idea of what strategic planning is and fear that the process of strategic planning will be too overwhelming for them. Therefore, they feel intimidated by the process and do not want to even start the process.
Fear #2: Fear of repeated past bad experiences with strategic planning.
Small business leaders may have had some extremely negative and possibly harmful experiences with strategic planning in the past. They may have had a very poor consultant that was brought in and nearly ruined the business. Maybe they spent weeks in meetings without accomplishing one thing because they did not use a professional facilitator. Or maybe they launched a plan without any means of accountability.
Fear #3: Fear of the amount of anticipated time and commitment to develop a strategic plan.
Small businesses do not have a large corporate staff and are so busy putting out fires and managing day-to-day activities that they believe they will not have time to focus on long-term and strategic thinking. They want to keep working “in the business” but avoid working “on he business.” And this translates to a basic fear that if they divert time to strategic planning, the business will fall apart in the meantime.
Fear #4: Fear of academic or the ivory tower thinking.
Many small business owners are distrustful of theories, systems, generalizations and formulas. There is the fear of “this is fine in theory but I does not work in the real world.”
Fear #5: Fear of the facilitation process.
The most effective strategic planning meetings use the skills of a professional facilitator. Small business owners and mangers may fear that the meetings, no matter how well intended, will end up as gripe sessions or hours of aimless wandering without a clear agenda or purpose.
Fear #6: Fear of commitment.
A benefit of strategic planning is that it leads to decisive action. So, in companies where the owner and management likes to “hold back” or “hedge bets,” work on many things at the same time and “keep all options open,” this can be a real problem. This stems from a fear of making a decision and following through with commitment to carry out that decision.
Fear #7: Fear of accountability.
Most small business owners are only accountable to themselves and many times that really means they are “not accountable to anyone” and are not really held accountable. With strategic planning, there is a system of accountability built into the plan and this causes some real fear and distress to some small business people.
Fear #8: Fear of failure.
In small businesses the cost of failure is high and the personal risks are great. In large companies, the management is really dealing with someone else’s money. In small business and especially with entrepreneurs, one's livelihood is at stake. A winning strategic plan could help the entrepreneur realize his dream, but a losing plan could result in a nightmare.
Fear #9: Fear of the cost of strategic planning.
This fear arises when there is no strategic thinking used to look at the value of strategic planning to the business compared to the cost. Fear also arises when strategic planning is viewed as an expense rather than as an investment.
Fear #10: Fear of discomfort and confrontation during the strategic planning process.
Many small business owners and managers are very fearful and uncomfortable with “confrontations” and they go to great lengths to avoid them. They are very uncomfortable in any confrontation and are fearful that they will be confronted with some issue or problem during the strategic planning process that they would rather avoid. Therefore, they decide to not engage in the strategic planning process.
Your strategic thinking business coach strongly encourages you to fully realize the benefits of strategically thinking and planning to manage and grow your business. If you would like to learn more about how a strategic thinking business coach can facilitate and guide you in that endeavor, please contact Glenn Ebersole today through his website at www.businesscoach4u.com or by email at jgecoach@aol.com
Ten Major Fears That Scare Small Businesses Away From Strategic Planning - To learn more about this author, visit Glenn Ebersole's Website.
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