Design Your Own Predictable Profit Plan – Part 2 - RJ Lewis

RJ Lewis – Planning Out Loud Show

IBGR.Network - PROFIT Radio. Everything a business owner needs to start, grow, or exit a business. GROW WITH US.

The Objectives + Opportunities + Challenges Presented.
Last week, I shared a Projections Worksheet that you can use to start your annual strategic plan by clarifying your revenue projections. This worksheet is a baseline for the plan because it helps you make key decisions about your service offering and thus the revenue-generating activities around those offers.

THIS week for Episode 3, we're going to talk about using shorter-term planning to reinforce your annual plan...

...OF COURSE THERE'S A WORKSHEET!

By the end of our time together you will have the tools to execute your Annual Strategic Plan for Sustainability and Momentum.
Grab your copy and a cuppa and let's breakdown that big ole' spreadsheet into 90-day success strategies.
🎙 Listen → Apply → Engage

Check.
Understand what the differences are between SMART(ER) Goals – Specific. Measurable. Actionable. Realistic. Timebound – and OKR (Objectives & Key Results) and which methodology is for you.

Think.
The key factor in sticking to your plan:

Make the time to plan your work AND to work your plan.
I think of this in a "getting things done" kind of way — which actually fits well with our emphasis on operational productivity here at IBGR and provides a framework for setting up top-level goals that make it easier to plan around.

Act.
Specific actions:

1. Clarify - Take the time to write down the vision and refine it so that it is at its most clear version of itself.
2. Document - Write down the steps (benchmarks, milestones, action steps) that will incrementally move you towards that overarching goal.
3. Implement - Design and execute an implementation plan. A series of sprints where you [+ your team] will work through this plan.
4. Reflect - Set up a series of review meetings that correspond to your milestones and document...how it went.
5. Report - Create a summary so that you can use it in later plans.

Resources.

1. Profit Projection Worksheet – IBGR Agilean Operations Group
2. SMART Goals: How to make your goals achievable - Mindtools
3. What is an OKR? Definition and examples - What Matters
4. Getting Things Done: The Art of Stress-Free Productivity - David Allen

Shows.
← Previous show : 🔗 Listen to Episode 2 – Design your predictable profit plan Part 1

• This topic, forecasting and goal setting, is broken up over both episodes 2 AND 3! Last week on the Planning Out Loud Radio Show with RJ Lewis, we talked about creating a strategic plan that empowers you to do business, BETTER by exploring benchmarks and metrics that'll turn you into a soothsayer. ..or maybe just a savvy entrepreneur that deals in hard facts and probability.
  🔗 Read the show notes
  
  
  

Next show → : Episode 4 Productizing Your Services

• As we continue our emphasis on building a sustainable business, we're going to spend the next 3 weeks of Season 4 discussing rapid development of your business model starting with this talk about productizing your service-based business ... so that YOU can get back to work!

Written by Rahgna J. Lewis
An Army wife and mother of 3 living in the Richmond area of Virginia, USA, RJ is a digital experience strategist.

RJ Lewis Digital is a consultancy that is helping CEOs like you simplify and streamline their business operating system strategy by peeking at the digital systems you use to deliver your programs, communicate with teams, organize workflow, onboard staff and convert lurkers to clients. This agency's specialty is to ALIGN ALL THESE SYSTEMS so you and your company can flourish.

Videos and social media posts are all fun and sexy, but WHAT'S HAPPENING BEHIND THE SCENES IS GONNA MAKE (or break) your company BANK.

Visit justrjlewis.com to learn more about designing a business operating system strategy – an audience-focused digital ecosystem for your business.

Instagram: @talk2rj | Facebook: @RJLewisDigital | LinkedIn: @talk2rj

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