This is day five of the challenge and it’s all about creating your strategic plan.

Day one was all about strategy and overview, day two was measuring progress, day three looked at the strategic thinking about where you are now and day four was the formulation of three critical strategic issues and now Nick explains how to create your strategic plan and at least double your business in 2022

With great content on how to create your plan and make it successful this  episode is a must for any business owner

 

KEY TAKEAWAYS

• Evidence for success are the key measures that will tell you if you have succeeded in the priorities
• Create two or three priorities for the next year and the evidence for success for each
• You can do anything but you can't do everything, this process is about prioritising so you don’t get distracted
• The final part of the process is creating a tactical plan to achieve the measures for success
• The tactical plan is the detail and will be different for every individual
• Most people’s definition of planning is a ‘to do’ list
• Tactics need to be within vision and strategy so that you are doing the right things at the right time
• Growing and scaling a business is about gradually letting go of tasks
• As you grow outsourcing and hiring gives you the capacity to do more
• When you have created the plan ask – is this doable?
• Less is more – you can’t do everything
• Assigning an owner for each part of the plan creates responsibility and accountability
• When there is just you, it can be more challenging to achieve accountability
• Reviewing regularly and having a consistent rhythm is key for success

 

BEST MOMENTS

‘It highlights the priorities and the measures for success’

‘Less is more is a good place to start’

‘The reward for growth is better accountability, the punishment for lack of growth is the need to be super disciplined’

 

VALUABLE RESOURCES

Empire Builders Podcast 

https://keapnow.com/empirebuilders

 

ABOUT THE HOST

Nick James

Nick dropped out of university at the age of 21 and failed spectacularly with his first coaching business, which forced him to take a £16k/yr telesales job. 

Within 12 months he was the top performer and left to start his second business at 24. This time he discovered a winning formula and before long had a multi-six-figure company.

He then made a huge mistake which nearly put him out of business and cost him £50,000 in personal cash!

Fortunately, Nick kept it afloat, turned it around, and sold that business 2 years later in a seven-figure deal. 

He then co-founded a multi-million-pound marketing company, which he exited in 2015, and created Expert Empires.

Today, Expert Empires is known as the UK's number one business event for Experts, with world-renowned celebrity speakers like Gary Vaynerchuk, Grant Cardone, Chalene Johnson, David Goggins, and Lewis Howes gracing the stage.

Nick also specialises in helping Coaches, Consultants, Speakers, Trainers, and Authors take their businesses from zero to six figures and beyond through his Expert Empires Mastermind programme.