EU leaders agree on the need for urgent priority action to boost growth & jobs with special focus on fighting youth unemployment, deepening the single market & helping small businesses.
With leaders agreeing a “Treaty on Stability, Coordination and Governance in EMU” to reinforce stability another piece of the puzzle, a so-called ‘comprehensive response’ to the sovereign debt crisis, falls into place. With other agreements reached such as that every EU country is to prepare a national jobs plan, measures like shifting taxes away from labour and reducing labour market segmentation can improve employment opportunities for the young and low-skilled. Specifically, Action Teams will be created with eight EU countries (Spain, Greece, Italy, Portugal, Slovakia, Lithuania, Latvia, Ireland) with above-average youth unemployment.
As for providing specific help for small businesses, it was agreed that priority action be taken to help Europe‘s 23 million small businesses by increasing access to credit and business funding, reducing administrative burdens and improving access to venture capital. It was also agreed to see how the €82 billion in structural and social funds that have not yet been committed could be redirected to growth and jobs.
Exponential Director, John Moore, said “There is a saying that has stayed with me for many years: plans are nothing, planning is everything. Experience now tells me that the process of planning is more important than the plan itself and even more important is the quality of the execution of the plan. Too many business owners and coaches focus on drafting strategic plan masterpieces rather than swift, efficient and effective execution of the plan”.
Research from the US research consultancy Success Factors, confirms that 85 per cent of the success of a business is the result of the effective implementation of the plan rather than plan itself. “Although I would not advocate having a poor plan, the message seems to be the rapid and effective execution of an average quality plan is better than the slow and late implementation of a perfect plan!”, added Mr Moore.
Changing or improving a situation means taking action. Procrastination, paralysis through analysis, the ‘rabbit caught in the headlights’ syndrome all contribute to inaction. Too many businesses defer taking action and regret missed opportunities, so the message is clear, if you want things to improve decide and act today. One of the great generals of his time, General George S. Patton, once said, “A good plan, violently executed now, is better than a perfect plan next week.”
What challenge or difficult decisions are you putting off that you know you need to take some kind of action?
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