Ron Gauci from 24 Hour Business Plan talks about ways to overcome typical barriers to planning that unfortunately often lead to business failure.

@RonGauci has a rich experience base including as a #CEO #Director #Chair and #Adviser.  As a #CEO he has overseen major transformations of organisations like @fedsquare @melbournepolytechnic and @melbournestorm

Another of his roles is as a senior adviser @24HRBP (24 Hour Business Plan).

In this discussion we talk widely about why #smeowners should plan, how they can plan more easily and what the real cost  is when you don't. We cover;

• why #now is the time to start (whether it's the beginning, the middle or the end of the year)
• how to get the most from your business planning
• the core elements of business planning and the #24hourbusinessplan
• the founder @AndrewBaxter who developed the methodology behind the whole 24-hour business plan approach
• a plan on a page
• the importance #industrytrends and #marketresearch
• understanding  your #business, #market, #objectives, #vision, and #purpose - and how they drive the #strategicplan
• planning and then #implementing
• the major problem with #smes - working in the business instead of on the business
• why it's so important to take time out to work on the business to a strategic plan, and
• to bring in a new set of #fresheyes and ears (with a good understanding of your industry)
• avoiding losing sight of why you got into the business in the first place
• rememebring what you want out of it
• the  #2simplechoices

1. plan
2. don't plan

• planning to find new and better ways of doing business, and keep and find new customers
• differentiating yourself
• why just working harder doesn't make sense
• the importance of going back to your #purpose and the reasons why you set up the business in the beginning
• using a #businessplan when you go to a #financier, or are looking to #sellyourbusiness
• the three types of people
  • those that actually go out and make things happen (#disruptors)
  • those that have things happen to them (#disrupted)
  • those who just watch things happen (#passengers)
• reaching out to #trustedadvisors #coaches #mentors #advisoryboards
• the common objections to not planning
  • we already have a plan
  • don't have time or have the money
• the resulting cost is the business failing 
  
  @kerrcapital      @michaelkerr 

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Reach out to Michael Kerr via the website if you need personal assistance or advice for your small business.

michael.kerr@kerrcapital.com.au

www.ownertoownerpodcast.com.au