Renowned Strategic Planning Facilitator Reveals Keys to Recession Planning

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Strategic planning professional and author shares tips for adjusting strategic plans for economic downturn.

The most significant trends likely to affect the larger world are the driving forces that generally occur in four areas: social dynamics, economic issues, political issues, and technological issues.

Erica Olsen, a veteran strategic planning facilitator, author and developer of the award-winning strategic planning software, MyStrategicPlan, lays out a step-by-step framework for developing a recession plan in her company's newly released Ultimate Recession Planning Toolkit.

Included is her advice to businesses that they begin running a recession plan by identifying possible risks and creating a one-sheet with possible scenarios that could arise in the next few years. According to Olsen, "The most significant trends likely to affect the larger world are the driving forces that generally occur in four areas: social dynamics, economic issues, political issues, and technological issues."

Her company, M3 Planning, recently launched the compilation of articles, expert tips, and tools to help business owners better prepare for an economic downturn and improve their strategic decision making. The Ultimate Recession Planning Toolkit is also intended to assist in scenario planning as well as serve as an essential starting point for creating a strategic plan with MyStrategicPlan.

With advance strategic planning and careful preparation, businesses can help lessen the impact of an economic slowdown and perhaps even identify new opportunities in the midst of economic turmoil. Several complimentary webinars that further address recession proofing and preparing a business to thrive in lean times are also being offered throughout the month of May by M3 Planning. Additional information and registration is available at MyStrategicPlan.com.

Erica Olsen is an owner of M3 Planning, Inc, a nationwide leader in on-demand strategic planning tools and services, and she was named Entrepreneur of the Year by The Business Report of Northern Nevada. Through M3 Planning's online client base and onsite strategic planning facilitation work, Erica has developed and reviewed hundreds of strategic plans for organizations across the country. She has also authored several strategic planning books including Strategic Planning for Dummies and is a developer of MyStrategicPlan, a web-based system that helps organizations develop and manage their strategic plan.                    

M3 Planning is a strategic planning firm that works with growth-oriented organizations to develop and execute their strategic plans and has established itself as a source for everything related to strategic planning. In addition to their strategic planning and implementation software, the company is also a resource for other strategic planning tools, books, articles, workshops, and facilitations.

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Matthew Kennard

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