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Building Billions with Brandon Dawson
EP 188 | How A 10-Year Plan Reduces Stress And Increases Success
Nov 13, 2022
In this discussion, Omar Herrera, the principal and founder of The Engineering Company, shares insights on the power of a 10-year business plan. He explains how strategic planning can alleviate stress for business owners and boost overall success. The conversation delves into the relationship between confidence and decision-making, emphasizing the importance of leveraging actionable data. Omar also highlights how identifying market opportunities can help focus efforts on high-value projects for long-term growth.
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Quick takeaways
- Crafting a 10-year business plan significantly alleviates stress for entrepreneurs by providing focus and direction amid competing tasks.
- Confidence enables entrepreneurs to make faster, more effective decisions, allowing them to achieve their goals with greater efficiency.
Deep dives
The Importance of Confidence in Business Decisions
Confidence plays a crucial role in making effective business decisions. When entrepreneurs are highly confident, they can operate at a rapid pace, often referred to as 'attack speed,' enabling them to achieve their goals more efficiently. The speaker emphasizes that having a well-structured plan, based on current market opportunities, significantly reduces stress and enhances decision-making. This approach allows for clear focus on executing the plan rather than being overwhelmed by competing tasks and data.
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