I was growing a company at more than 30% for multiple years. Eventually I started to mess up because I hadn’t followed 2 simple rules. I knew better but I procrastinated. In the end, that procrastination cost me more than a couple million dollars. It was a painful but valuable lesson. To blow away competitors, you’ll want to take these two easy steps now…
The 7 Habits of Highly Effective People tells us that we need to focus on important things before the urgent things. We are all waiting for that elusive, magical moment when we have more time, when things get easier, when today’s crisis is over and done with. That is a fantasy that is never going to happen.
“Everyone Has a Plan, Until They Get Punched in the Face.” Mike Tyson’s brilliant observation may be his greatest contribution to the world. Every year, and at the start of every major initiative, we make plans. Whether you next get punched in the face, or simply fail to land your own blows, you’ve got to come up with a new plan. Or, you’d better get used to the same old results.
No matter how spot on your plans were at the start of the year, you are certainly off-course right now. Mid-year is a time for a course correction—and the best-run companies do it quarterly. If you haven’t done it yet, I’ll share a how to run a great mid year planning session.
If you plant, water, and fertilize your garden, it will grow. We know the same discipline should be applied to our businesses but it’s deferred and neglected all too often. Things that are cared for and tended to, will grow and flourish. Things that are neglected, will whither and waste. It’s a pretty simple concept but hard to find time for against the daily demands of business.
“How do I know if my employees’ priorities align with the organization?” This is a question Andy Bailey gets asked a lot. When an entire company is aligned around a few top priorities, each person on the team understands how his role fits into the bigger picture of the organization’s goals. And the company hits its goals a lot more often.
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Planning meetings range from “completely transformative” to “utter waste of time.” Here’s the key elements of powerful strategy and planning sessions at fast growing companies…