This episode of the podcast explores the four phases of getting started with business strategy. It discusses the importance of benchmarking financial performance, defining roles and leading meetings, building a supportive and diverse community, and provides a step-by-step guide on implementing a strategy.
30:20
forum Ask episode
web_stories AI Snips
view_agenda Chapters
auto_awesome Transcript
info_circle Episode notes
insights INSIGHT
Intersection of Strategy and Finance
Value is created at the intersection of strategy and finance. Without integrating these two functions, organizations may end up with ineffective plans or budgets.
volunteer_activism ADVICE
Get Benchmark
Start your strategy process by benchmarking your organization's financial performance. Focus on liquidity, margin, growth, leverage, and asset management to gauge competition.
volunteer_activism ADVICE
Measure Performance and Health
Use comprehensive tools to evaluate all parts of your business, including both financial and non-financial metrics. This will help identify areas needing attention before designing your strategy.
Get the Snipd Podcast app to discover more snips from this episode
The Cash Flow Blueprint every contractor wishes they had sooner: coltivar.com/cashflow
Starting a business can be an exhilarating but daunting task. There is no guarantee of success, but there are steps you can take to help guide your company towards growth and profitability. One of the most important steps in this process is creating a solid business strategy. Join us for this episode where we will walk through the four phases of getting started with business strategy.
Disclaimer: The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.
This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.coltivar.com/privacy-policy-and-terms-of-use for additional important information.
Building Margin