What Will It Cost?

It can be tempting to think that if you develop your own strategic plan, it will cost nothing. That is not the case. For businesses that conduct their own strategic planning activities, the primary cost is staff time required to gather information and participate in planning sessions. This cost is not insignificant and should not be downplayed simply because it is less visible than out-of-pocket costs that might be required to hire a consultant to help with the process.
Additional costs involved could include room rental (if the business doesn’t have a room large or private enough to accommodate the planning group), supplies such as flip chart paper and markers, food and beverages to serve participants during the meetings, ...

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