One Next Step: Management Tips & Tools for Small Business Owners - 010: Michael Hyatt on Why Most Strategic and Annual Plans Fail (and What to Do About It)

010: Michael Hyatt on Why Most Strategic and Annual Plans Fail (and What to Do About It)

09/08/20 • 39 min

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One Next Step: Management Tips & Tools for Small Business Owners

It’s business planning season, which hopefully means you and your team will soon be reviewing recent performance, outlining future initiatives, creating budgets, and listing new hires. While leaders want to build a plan that provides clarity and specificity, the plan should also be so energizing and compelling that our teams want to implement it. It must also contain clear accountabilities, so there’s no confusion about who does what.

Today, we’re going to learn a blindspot or two in the annual business planning process and receive tips on how to overcome them. In this episode, we’ll discuss why most strategic and annual plans fail (and what to do about it). Our guest is Michael Hyatt, the bestselling author and the CEO of Michael Hyatt & Company — a leadership development company.

Welcome to episode ten of One Next Step.

See omnystudio.com/listener for privacy information.

Welcome to episode ten of One Next Step.

See omnystudio.com/listener for privacy information.

Previous Episode

009: How Emotional Intelligence & Soft Skills Produce Hard Sales Results

The number one complaint prospects have about salespeople is they talk too much. Also, business leaders' common complaints about salespeople aren't meeting their sales quote; it's typically related to things like a bad attitude, not being a team player, or being overly aggressive with prospects. Soft skills resolve all of these issues. However, most leaders focus on hiring new sales team members based on hard skills like industry and selling experience.

In this episode, we'll be talking about how emotional intelligence and soft skills produce hard sales results with Colleen Stanley, a sales trainer and the president of SalesLeadership, Inc., a sales development firm. She will talk with us about how to build high-performing sales teams through the power of emotional intelligence.

Welcome to episode nine of One Next Step.

See omnystudio.com/listener for privacy information.

Next Episode

011: The Top 3 Metrics Businesses Need to Measure Financial Health

Many small business owners, especially in their companies' early stages, are experts on the product or service they provide, not the financial numbers. Even experienced business owners may find themselves so busy making sure everything gets done that they rarely have time to sit down and dig into the numbers. We want leaders like you to understand the financial numbers in their business so you can make better decisions and improve the health of your finances.

In this episode, we'll share the top three financial metrics that matter most in your business and how to use them to lead your business. Our guide will be BELAY's financial guru Lisa Zeeveld, the current COO and former CFO of BELAY.

Welcome to episode 11 of One Next Step.

See omnystudio.com/listener for privacy information.