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Ep 87: Geoff Day - EVOLVE Upperlimits Mastermind
Manage episode 347585488 series 1521681
Content provided by Nick Psaila. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nick Psaila or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Time Code/Show Notes
0.35 In this episode from the Evolve Upper Limits Mastermind, Chris introduces Geoff Day. Today’s topic covers how to implement strategic planning for accelerated, exponential growth.
1.46 Geoff’s opens with a story about a business turning over 30 million – and over four years, how he helped them grow revenue to 60 million by facilitating a clever, strategic plan.
Define where you are now - define a clear vision forward - review and adapt as you go.
4.00 The four phases of strategic planning begin with assessing your situation right now. Take the time to ‘get out of the canoe’ and ask the question. 2. Determine a strategy to get you where you need to go. 3 Build a plan. 4 Manage performance
6.10 Geoff gets granular on identifying challenges and strategic issues. Do this immediately. Get customer insights. Why do clients like doing business with you. Similarly, employee input is hugely important. SWOT analysis’ are still just as valuable today.
11.30 Take the time to delve into your strengths and weaknesses.
13.25 Geoff shares the story of progressing a football club by looking seriously at weaknesses and involving more people in the planning process.
18.00 Do not underestimate the power of the collective brain's trust.
20.23 Threats. Look at what is likely to happen in your external environment. What’s happening now – what’s coming for you? Be honest. Will artificial intelligence impact your industry?
22.20 Put your team in front of a whiteboard, ask for zero judgement, and record what you hear.
24.00 Key focus points should also include diving into your mission, and determining your values. Use your business vision to answer these questions.
27.45 Competitive advantage. What is your competition doing – be aware but not obsessed. Stay in your lane and identify your competitive advantage to solidify your position.
30.50 Value statement and plan building is all about deconstructing your SWOT and setting your goals.
32.36 Give some thought as to how you will monitor your progress and adjust as you go.
32.53 Build your budget to support the strategic plan.
33.15 Once you’ve reached this stage, you must learn to manage your performance effectively. Ensure it is well communicated amongst the group and that the review process is either monthly or quarterly.
36.20 Seek out new tools and apps that exist to help you build and track your strategic plan’s success.
37.00 Geoff recaps how you develop a strategic plan over four phases. You need formal perimeters within your own business to achieve more success than you are now.
39.25 Strategic planning is a two to three-year horizon. Start now.
40.00 Inspired? Hit up upcoach.com.au for more great content.
146 episodes
Share
Manage episode 347585488 series 1521681
Content provided by Nick Psaila. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Nick Psaila or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.
Time Code/Show Notes
0.35 In this episode from the Evolve Upper Limits Mastermind, Chris introduces Geoff Day. Today’s topic covers how to implement strategic planning for accelerated, exponential growth.
1.46 Geoff’s opens with a story about a business turning over 30 million – and over four years, how he helped them grow revenue to 60 million by facilitating a clever, strategic plan.
Define where you are now - define a clear vision forward - review and adapt as you go.
4.00 The four phases of strategic planning begin with assessing your situation right now. Take the time to ‘get out of the canoe’ and ask the question. 2. Determine a strategy to get you where you need to go. 3 Build a plan. 4 Manage performance
6.10 Geoff gets granular on identifying challenges and strategic issues. Do this immediately. Get customer insights. Why do clients like doing business with you. Similarly, employee input is hugely important. SWOT analysis’ are still just as valuable today.
11.30 Take the time to delve into your strengths and weaknesses.
13.25 Geoff shares the story of progressing a football club by looking seriously at weaknesses and involving more people in the planning process.
18.00 Do not underestimate the power of the collective brain's trust.
20.23 Threats. Look at what is likely to happen in your external environment. What’s happening now – what’s coming for you? Be honest. Will artificial intelligence impact your industry?
22.20 Put your team in front of a whiteboard, ask for zero judgement, and record what you hear.
24.00 Key focus points should also include diving into your mission, and determining your values. Use your business vision to answer these questions.
27.45 Competitive advantage. What is your competition doing – be aware but not obsessed. Stay in your lane and identify your competitive advantage to solidify your position.
30.50 Value statement and plan building is all about deconstructing your SWOT and setting your goals.
32.36 Give some thought as to how you will monitor your progress and adjust as you go.
32.53 Build your budget to support the strategic plan.
33.15 Once you’ve reached this stage, you must learn to manage your performance effectively. Ensure it is well communicated amongst the group and that the review process is either monthly or quarterly.
36.20 Seek out new tools and apps that exist to help you build and track your strategic plan’s success.
37.00 Geoff recaps how you develop a strategic plan over four phases. You need formal perimeters within your own business to achieve more success than you are now.
39.25 Strategic planning is a two to three-year horizon. Start now.
40.00 Inspired? Hit up upcoach.com.au for more great content.
146 episodes
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Similar to The Upperlimits Show
The daily drama of money and work from the BBC.
…
continue reading
The #1 podcast for agents. We talk with Real Estate Agents who sell more than 50 Million dollars a year in volume and find out how they do it. We uncover their stories, secrets and tips & tricks. We bring on top producers, coaches and authors and do a deep dive
…
continue reading
Tim Reid (AKA Timbo) interviews the most innovative founders in the world of small business. In this award winning podcast business owners share where their original business idea came from, how they got it to market and the strategies they used that led to their business’s unprecedented growth. Tim Reid's curiosity for what makes business owners tick and his passion for small business success means that every episode is chock full of marketing gold that will help you build that beautiful bu ...
…
continue reading
The definitive business podcast from the BBC. Each week, the BBC's Evan Davis is joined by bosses, entrepreneurs and industry experts, to lift the lid on how their businesses work, and what it’s like to be in charge. They discuss a big issue, a big challenge, or a big question facing their industry. From managing AI to managing millennials, from supermarkets to supercharging a new product. And our guests will share their stories of success and failure along the way. Podcasts are published ev ...
…
continue reading
How do I start an online business? How do I build a brand online? How do I get traffic and attention to my online business? The biggest question is, can I start a business online and replace my current JOB? Welcome to The Rock Your Brand podcast show where we answer ALL of these questions and a ton MORE! Scott Voelker, the host will share with you everything you need to know and help you to build a Future Proof Business that will allow you the ultimate Freedom. Scott shares tips and strategi ...
…
continue reading
Getting real about what it takes. The Amy Porterfield Show is a podcast devoted to helping online business owners grow their revenue, audience, and team in a sustainable way that doesn’t just require more time and hustle. Host Amy Porterfield, New York Times bestselling author and $130MM online business owner, shares insights from her own 16+ years in business, as well as candid conversations with leaders in the industry, captivating experts, and the unexpected entrepreneurs who’ve cracked t ...
…
continue reading
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