4 tips for small businesses developing a strategic plan

As we enter the summer, many small business owners are concerned with what will happen to their business once they run out of their Paycheck Protection Program (PPP) funds especially given the economic impact that the coronavirus pandemic has caused to our local economy.

Based on my experience as an entrepreneur, as a consultant advising companies about strategic planning, and as an interim CEO when a rapid turnaround is required, the first step management needs to take is to develop a strategic…