EPISODE A6.004 Review Stage VI Plan - Scenario Planning About the NEW ROI

Introduction
Good day and hope you are looking forward to a productive week.
This week we are announcing our new community - The Community of Commerce for all insiders. Everyone who has JOINED US and become an inside we are moving off of the weebly web platform to a community site on Tribe. 

This will provide an opportunity to share information, ask questions, and gain support for starting, growing, or exiting your business.

It is our version of the Chamber of Commerce - what it could have been instead of what it has become. This community has one goal - your success as a business owner to build generational wealth for your family. That growth will create more and better jobs in your local community.

It is a stand alone (outside the control of the arbitrary large providers) platform that provides entrepreneurs and business owners a space for the free and open exchange of ideas.

As a member of IBGR's Community of Commerce you can:

1. Follow other users including the OnAir Talent and Executive Team at the station.
2. Ask and answer questions about starting, growing, and exiting the business from our OnAir team and each other.
3. Follow any member of the Community to stay abreast of their latest business insights as well as building your own following.
4. Start discussions to stimulate input from other members of the Community.
5. Create and vote in Community polls.
6. Post and comment on posts and blogs.
7. Access and share content entrepreneurs and business owners can use.

We built this beyond the reach of the 'masters of the universe' so you can speak your mind.

On a closing note, if you want to know what drives everything we do - checkout this article: usatoday.com/story/tech/2020/07/23/yelp-says-half-restaurants-brought-down-covid-19-wont-reopen/5492283002/

And that is just restaurants - what about everybody else?
Have a great business week.
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Show Objectives
You are finally joining the Executive Ranks. Want to know where the C Suite (CEO, CFO, CIO, etc.) spend their time? Looking at a series of decision options and scenario planning each to determine the highest ROI at lowest risk. The most essential lesson to learn is most of your decisions are irreversible - meaning bad decisions lead to the company's demise.
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Key Issues - ​Owner/Manager Perspective:

1. Planning tool - allows you look at various potential outcomes and the requirements for each.
2. Risk management tool - identifies key assumptions and tests it against real events.
3. Break even and failure tool - identifies the minimal level of success needed and potential failure risks.

What You Need to Know

• How to build a spreadsheet.
• Your Value Proposition & Business Model.
• Your yearly Business Strategy.
• The Assumptions and Knowns that the Business Strategy was based on. 
• EPISODE A6.002 ANALYSIS OF STAGE V PERFORMANCE
• EPISODE A6.003 REVIEW STAGE VI PLAN - FOCUS ON PLANNED INVESTMENTS - EQUIPMENT, PLATFORM, AND  PEOPLE​

What You Need to Do​

1. Build a spreadsheet for each potential scenario.
2. Ensure your knowns (information that is verified) is isolated from the assumptions (unknowns with educated guesses or SWAG's).
3. Run the numbers for each scenario to identify potential ROI and Risks.
4. Identify how and whom is going to track the known information and update the spreadsheet
5. Identify how and whom is going to track the assumptions and update the spreadsheet.
6. What mechanism will be used to advise of information updates to the spreadsheet.
7. Whenever information is updated - rerun the numbers for each scenario.

Shows

• Previous: EPISODE A6.003 REVIEW STAGE VI PLAN - FOCUS ON PLANNED INVESTMENTS - EQUIPMENT, PLATFORM, AND  PEOPLE
• Next: A6.005 Focus on Business Configuration