The Lorraine Murphy Show

How I Do My Annual Business Planning


Listen Later

For Season 8 of the podcast, I'm focusing on one of my greatest passions: business!  

I've had my own business since 2012 and entrepreneurship is a pursuit I devote a tonne of time, energy and focus to - whether it's growing my own business, or mentoring others in theirs. In this season, I'm taking you behind the scenes in my business - as well as interviewing business owners I respect enormously.

Effective business planning is one of the earliest lessons I had when I started my first business eight years ago, and making the time to create a solid annual plan, and devoting time each quarter to designing my quarterly plan, has been something I’ve been religious about over those years.

After a LOT of “yes pleases” on my Instagram this week, I recorded this episode: a step-by-step guide to how I do my own business planning. It was a super fun one to do as I recorded it in my hotel room while still in the zone of my own planning getaway in Bondi!

I share:

  • Why business planning is so important, and the pitfalls it keeps me out of
  • How to set the scene for a kickass planning session
  • Why I believe we need both a “feminine” and “masculine” approach to planning
  • The realisation I had at the beach in Bondi that became the launch pad (and blueprint) for my entire planning day
  • Why - and how! - our businesses should serve our overall lives… and not the other way around
  • The four horizons of planning and how they layer onto each other
  • What to do when you don’t know where to start with setting financial targets
  • The trick my kinesiologist Jacqui taught me to always stay open to more financial abundance
  • My Business Pyramid model, and why I believe every business needs one
  • A sneak peek at my own Business Pyramid
  • How to translate our grand plans into daily actions 
  • The hack I use to kickstart my planning, and how I’m putting it into action this week

The resources I mention in this episode:

  • You can access the Five Year Vision and Quarterly Plan templates on the Resources page of my website: https://lorrainemurphy.com.au/resources/
  • My kinesiologist is Jacqui Prydie: https://jacquiprydie.com/
  • The sprays I mention are from Resonate Essences: resonateessences.com
  • The two Verne Harnish books I mention are Mastering The Rockefeller Habits and Scaling Up

And finally, if you’d like to explore diving deeper into business mentoring with me:

  • Register your name here to be first to hear about 2021 business accelerators: lorrainemurphy.com.au/business-accelerators-roi/ 
  • Find out about my Power Quarter Mentoring here: lorrainemurphy.com.au/work-with-me/mentoring/

See omnystudio.com/listener for privacy information.

...more
View all episodesView all episodes
Download on the App Store

The Lorraine Murphy ShowBy Lorraine Murphy

  • 5
  • 5
  • 5
  • 5
  • 5

5

2 ratings


More shows like The Lorraine Murphy Show

View all
Let's Get Dressed by Liv Perez

Let's Get Dressed

274 Listeners

The Hoffman Podcast by Hoffman Institute Foundation

The Hoffman Podcast

105 Listeners

The Mel Robbins Podcast by Mel Robbins

The Mel Robbins Podcast

20,847 Listeners

Transform by Dear Media

Transform

416 Listeners

The Wellness Process by Dear Media

The Wellness Process

380 Listeners

Undomesticate by Evan Meyer

Undomesticate

28 Listeners