Do you think that quarterly realignment of strategic initiatives with long-term goals is just for big businesses? Done well, a structured quarterly business plan can serve as a silent, well-informed, and influential business partner to help keep independent retailers on track and accountable.

In this week's trend report I share three tips to help ensure the successful execution of your thoughtful business planning exercise, as well as three pitfalls to avoid.

Trend report topics:

• Basing business priorities around your business values
• The importance of long-term goals to maintaining big-picture perspective
• Using short-term goals to ensure frequent accomplishments and support momentum
• Prioritizing function over form in a planning system
• Leaving room in the plan to maintain both your momentum and your calendar itself
• Setting yourself up for success with structured goals

For more information on this and related retail trends visit MerchantMethod.com.