Planning For 2020 With Business Growth Expert, Gavin Preston
Nick Bradley and Gavin Preston of the ‘The Business Mastermind’ podcast are spending time together discussing the next year and decade as we enter the last quarter of this year.
They explore multiple aspects of business planning, structure and customers and offer practical advice so you can create a plan for your business that will take you successfully into the next year.
Find out now if you’re building a high-value, exitable business (even if you have no immediate plans to sell it). You’ll get an instant PDF report with powerful insights specifically tailored to your business in just 4 minutes.
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KEY TAKEAWAYS
When Planning you need to reconnect with the vison what are you trying to achieve. Once you know where you are going then the next question is how? Instead of thinking incrementally you can look at where you want to be, then work backwards planning the steps you need to make to get to where you want to be You can’t have a big enough vision – I have a twenty-year vision, which is huge but every year I look at it then chunk up Goals – set goals for all areas of life including relationship, business and emotions. The goals are formed from what you want to achieve in each area If you are not getting the results you need to change something Change the things that will get you the outcome Look at the environment your customers are working in and find out if their pain points and wants have changed because you may not be meeting their needs You may have a range of products and it may be due to agile innovation that those products are no longer relevant because the world is moving more quickly Even if you’ve had the best year ever you must re-evaluate because it doesn’t mean the next year will be the same. There are many lenses with which you can look at your business the most important thing is to match what the customer wants with what you can provide. If you haven’t got a good insight into your business then you need to seek external support to ensure you have the information required to plan well for the coming year. There are key questions to ask - What am I not seeing at this point that may cause me problems further along the line. If you are a business of a certain scale there are more businesses out there than ever before If you are planning to sell, for private equity to be interested there is a threshold. A planning strategy you can include is one of possible merging with another business of a similar size to make yourself attractive to private equity investment when you are seeking a successful exit.
BEST MOMENTS
‘The power of visualisation is a key to moving forward’
‘It’s the view you have of yourself that can be limiting – your limiting beliefs’
‘What is it I need to change in my objectives to be able to reach my goal?’
You’ve got to have a bold goal with manageable chunks that you can then work towards
VALUABLE RESOURCES
The Business Mastermind Podcast
90 Day Business Growth Accelerator website
ABOUT THE GUEST
Gavin Preston
Gavin is an inspirational Speaker, Business Strategist, Business Growth Mentor, Trainer and
CONTACT METHOD
Gavin Preston Website
Gavin Preston LinkedIn
Gavin Preston Facebook
Gavin Preston Twitter
ABOUT THE HOST
Nick Bradley is a renowned entrepreneur, investor, speaker, and business growth expert.
His background is growing and scaling Venture Capital and Private Equity backed businesses globally. Over the last decade, he has completed 117 acquisitions and 25 business exits with a combined valuation of over $5bn dollars.
His mission is to help business founders build valuable businesses and create life-changing exits so they can realise freedom, wealth, and impact.
CONTACT METHOD
Nick’s Facebook page: https://scaleup.vip/FB
Nick’s LinkedIn: https://scaleup.vip/LI
Nick's Instagram: https://scaleup.vip/IG
Scale Up Your Business, coaching/consulting: https://suyb.global
