The Strategic Builder; What is Your Plan?
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Transcript of The Strategic Builder; What is Your Plan?
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LegacyBizLeaders.com
THE STRATEGIC BUILDER:WHAT IS YOUR PLAN?
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WANT GREAT PROFITS, PEACE OF MIND ANDTIME FOR THE THINGS AND PEOPLE THAT
REALLY MATTER TO YOU? THEN DISCIPLINEDSTRATEGY IS YOUR ANSWER.
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HERE ARE SOME PROVEN STRATEGIES TOINITIATE IMMEDIATE AND LASTING CHANGE:
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1. Get a fresh start. Take yourself outof the line of fire, isolated from people,problems and distractions in order tojust think – for one hour per day.
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Try blocking out the time on yourcalendar, the same way you do for adoctor’s appointment or client meeting.
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Invest that precious time to write outthe answers to some compellingquestions like:
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"Why do we exist?""How much net profit do I really wantand need to make from this businessin a year?""What will that goal require in terms ofsales revenue and gross profit marginachieve it?"
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"Who is my ideal customer?""How will we engage with them andconvert them into customers?""What positions need to be hired tofree up my time for leadership?"
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In one week, you will have completedfive hours of disciplined planning andlikely will have a sense that you’veaccomplished more than the past fiveyears!
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Personal discipline and strategicthinking are undeniably powerful andrewarding.
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2. Determine exactly what yourbreak-even revenue is.
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How much you should be marking upyour building costs (labor, materialsand sub-contractors) to achieve yournet profit goal?
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Make this an epic turning point in yourbusiness life. Go find help! Call yourCPA, business coach, or QuickBooksadvisor.
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3. Document the action steps thatneed to be taken, the personresponsible for each step andcompletion dates for implementing theneeded changes.
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Considered as the hardest part ofstrategic planning and the only waybusinesses succeed long-term. Why?
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It may meanchanging peopleincreasing pricessaying no to problematic customershiring a project or office managerdoing away with employee benefitsand/or expensive equipmentor just getting more focused onhow you will do business
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If you want a business coach,call 330-470-1300.LegacyBizLeaders.com