The Rich Webster Show

Planning The Rest Of 2023 For My Business (Part 1)

Oct 22, 2023

The speaker discusses their business planning process for the end of 2023, including using the 'Sprint' Method and analyzing data. They share insights from their 80/20 Analysis and reveal their decision to stop newsletter sponsorships, affiliate marketing, coaching, and brand deals. They talk about their plan to spend money to free up their time. They emphasize the importance of focusing on revenue streams, streamlining content creation, and delegating tasks. They share their goal of doubling course enrollment and implementing a singular objective strategy for their business.

54:15

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Quick takeaways

Focusing on the course 'How to Work Less' as the primary revenue generator and dropping or limiting activities with lower returns leads to increased profitability.

Investing in hiring a skilled writer and streamlining the content creation process allows for more time to work on essential business growth tasks and generate new ideas.

Deep dives

Identifying the top revenue-generating areas of the business

By analyzing the financial data, it was discovered that the course 'How to Work Less' generates 86% of the business's revenue. Other areas, such as brand deals, newsletter sponsorships, and coaching only contribute a small percentage. This insight led to the decision to focus primarily on the course and drop or limit activities with lower revenue returns.

Objective Evaluation of Shiny Objects

00:28

Strategic Sprint Start with Business Analysis

00:22

Introduction

2min

Planning Business in Sprints

7min

A Raving Review and Invitation to Join the VIP Waitlist

2min

Financial Analysis and Revenue Tracking

11min

Focusing on Revenue Streams

15min

Streamlining Content Creation and Delegating Tasks

12min

Planning to Double Enrollment and Building a System to Attract More Students

3min

Implementing a Singular Objective Strategy for the Business

2min

In this episode, I discuss:

How I plan my year in 3 sections using my “Sprint” Method (and how you can apply it to your business)
How much I’ve earned from January - October from my education business
The insights I learned from my 80/20 Analysis of my business
Why I’m stopping newsletter sponsorships, affiliate marketing, most coaching, and most brand deals, and what I’m doubling down on instead
How I’m planning to spend money to free up my time before the end of 2023

Show Notes:

Instagram Post on 80/20 Exercise & Runway Calculation: https://www.instagram.com/p/CwVgqXVvI-_/?img_index=1

Ep. 10 - Diversification Is A Distraction: https://therichwebstershow.transistor.fm/episodes/diversification-is-a-distraction

Ep. 6 - 7 Systems I’m Using In My Business: https://therichwebstershow.transistor.fm/episodes/7-systems-i-m-using-in-my-businesses

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Work With Me

How To Work Less (My Signature Course): https://learn.howtoworkless.com

6-Figure Solopreneur Systems (FREE Course): https://startbuildingsystems.com

Work Less Wednesday (My Weekly Newsletter): https://howtoworkless.com/newsletter

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