12.08.2023 - By Roland Frasier
Dive into an engaging and humorous episode of Business Lunch. The hosts kick things off with a light-hearted banter about asking rich people for money and a fictional lawsuit against Apple, setting the stage for a deeper conversation about annual planning—or rather, why they believe it's ineffective. Drawing from personal experiences and business insights, they advocate for a more dynamic approach, suggesting a shift towards three-year visions broken down into 90-day sprints.
This episode is a must-listen for anyone looking to revolutionize their approach to business and personal planning, delivered with a mix of humor, practical advice, and relatable anecdotes. Tune in to rethink your planning strategies and set yourself up for success in manageable, achievable segments!
Highlights: "This is the time of year when companies and entrepreneurs... start thinking about next year. And I gotta tell you, I think it's a gigantic mistake." "The annual plan is a giant mistake... You have no freaking clue where you're gonna be in 10 years." "Every single quarter, I take about a half day to say what are my habits like? What are my inputs like? What resources do I need to acquire so that I can stay up on my next quarter's goal?"
Timestamps: 00:00 Apple Stole Ryan's Voice 01:25 Planning for Next Year 03:17 The Problem with Annual Planning 04:46 Thinking Three Years Ahead 05:42 Quarterly Sprint Planning 06:41 Applying the Planning Methodology Personally 08:41 Monitoring Progress and Making Adjustments 10:03 Setting Good, Better, Best Goals 12:29 Lead Measures vs Lag Measures
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