Episode 416： 2020 Strategic Business Planning
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Summary
Before I do business planning for the new year, I have to get my mind in the right state. I recap 2019, look at potential 2020 threats I may have, then things to anticipate, numbers to measure, topics to follow, and people to follow in 2020.
Transcript
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This is Patrick Bedevi, your host of Valuetainment, and in this episode, I'm going to talk to
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Before I do business planning for the following year, I've got to get my mind in the right
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So, one, I have a calendar out, two, I recap 2019, I look at potential 2020 threats I may
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have, then things to anticipate, numbers to measure, topics to follow, people to follow
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in 2020 that have to do with where I'm at with my business.
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So, let me get through a couple different things.
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Anything, sales, hires, fires, lost money, technology, anything I can look at with my months, I need.
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You had a great summer, but you had a weak fall, or you had a great start, but you had
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a bad ... I'm looking at all of that good, bad and ugly.
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I'm trying to see if my seasons are changing, and if I'm having any other trends.
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Then, I measured the initiatives I announced last year.
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For three hours, it was about changing one of the initiatives that we've been going for
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How can we adjust it to produce better results?
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Next is obviously missed opportunities by doing a SWOT analysis.
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Last week was a very big insurance week for us.
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I'm in the financial industry, so everybody was in town.
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So we were having very interesting meetings for technology, for speed, for compliance,
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But it's because we recap what happened in 2019.
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I put a couple of them here with industry and regulation, but it's pretty much the same
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What things are changing in your industry that could affect you?
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There are a group of five people I'll call, and I'll say, hey, let's just call him John.
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Hey, John, anything I need to be looking out for for 2020?
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Is there anything that's going on in the financial industry I need to know about?
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On the politics side with 2020, you don't know who's going to get elected.
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So you have to ask yourself, if Trump gets elected, is it good for your business versus
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if Elizabeth Warren gets elected, if there is an impeachment, if there is, you have to
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put all of those things in place because politics is going to affect your business.
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Most people don't look at it that way, but it is going to affect your business.
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What could happen in the economy that's a threat, right?
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We're going to have some topics to go to here in a minute.
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Here's what I mean by family, health, personal.
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Too often, like I had a conversation with one of my guys, and he says, what do you think
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I mean, every time you're going like this, you're trying to cover your stomach.
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And then you go home and you got to take care of your health.
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It has a lot to do with the way you look at yourself when you come out of the shower.
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And at the same time, you're carrying an additional 35-pound dumbbell for 12 months.
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You know how hard it is to do that and work effectively?
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You're annoyed because your health needs to be looked at.
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You got to go get your body checked out to make sure you don't have a potential health
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Anticipate expected events that could come up in 2020.
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Do we have enough pool of people we're looking at?
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We're getting ready to introduce this whole new side of comp.
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All of these company events, you have to be ready for and ask if the right people are leading
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So you got to ask everybody, are we on track on this?
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The entire conversation was, are we on track on hitting these deadlines?
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New hires, new products, new comp, your next 15 moves in every aspect of your life.
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My next 15 moves is first, I got to call those six guys.
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But you got to know your next 15 moves in every area.
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My kid, my daughter was just here right now, running out all over the place, three-year-old
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Everything with her, I have my next 15 moves with her, with my boys, with my marriage,
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It's your 15 moves to know what you're doing next.
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Which records are going to be broken in what month, in what quarter to lay it out on the
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Here's how many new subscribers we're going to have to our monthly subscription that we
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Here's how many new employees we're bringing on board.
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All of that stuff is numbers with goals you got to have.
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Revenue net profits, new subscribers that you may have.
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Topics to follow in 2020 that could affect your business.
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The reason why I put Epstein, this typically is for me around 20 different topics.
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I'm not telling you to follow what's happening with the Epstein scandal.
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I'm putting it here because of the recording that came out of this one guy that's got this
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Project Veritas going on that some of the ABC executives were tied to, and there were
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some powerful entrepreneur, CEO, billionaires that are tied to the name with this.
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If you're in the technology space, that could be a good or bad or an ugly.
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But you got to follow it closely to know how to move so it's not a surprise to everybody.
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Jared Kushner, who is a very, very strong power player for Trump's team.
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He's married to his daughter, so he comes across very polished and strong.
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I got another 15 names because some of it's my industry, but you got to study which people
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This is not how my calendar's going to look like because my calendar's going to be personal.
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On the personal side, I sit down with my wife and I say, which ones I can't attend, what
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Okay, tell me what's going on with the company trips.
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This company wants us to go to Tokyo this year.
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We want to get closer with these guys, so maybe we'll do this.
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Babe, I don't know if I can make to all of these trips.
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And then you have events that could take place.
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For example, I want to know January 1st falls on a Wednesday.
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What are we doing to finish off 2019 solid, right?
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If I'm in a business tied to it, I want to know how they're strategizing going into their
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New Year, because China's a very strategic country, especially with the whole thing that's
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going on with Made in China, you got to kind of watch what they're going to be doing.
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July 6th through the 9th, I'm hosting the Vault Conference.
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I told everybody in Europe, I'm going to do it East Coast, so it's going to be easier
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for Europe and Middle East to show up, and Asia to show up, so we're doing it in Florida.
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It's going to be the largest conference from south of Orlando to rent.
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4,000 people are going to show up, probably from 120, 130 different countries.
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We'll go through our three-day event from 9 a.m. to 9 p.m., which is case studies.
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It's not like one of those things you go to where it's like, buy this product, buy that product.
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You're going to be learning and leaving with exactly what to do, whether you're a CEO,
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That content will be for you, so if you haven't yet registered, click on a link below the Vault
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Tickets are moving fairly quickly, but find out more about that.
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You've got DNC, the Democratic National Convention, the 13th through the 16th of July in Milwaukee,
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We're going to find out who's going to be the candidate, and then July 7th to August 9th is
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the Olympics, Summer Olympics, right, that's taking place, I believe in Tokyo, right, is
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August 24th to the 27th, Republican National Convention.
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So again, you're watching both of them going back and forth.
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October 2020, October 20th of 2020 is Dubai Expo.
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If you haven't kind of seen what's going on with Dubai Expo, they're trying to connect
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They've been preparing for this since November of 2013, by the way.
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And then November 3rd is Vote, new president, U.S., 26th Thanksgiving, 25th Friday, Christmas,
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So you're kind of seeing where I'm going with this, right?
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Like if people come to me and sit down and I do business planning with them, it's very
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much ... I can probably train on this for a full day.
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I'm just giving you an idea on how to be thinking about going into your new year to
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make sure 2020 becomes the beginning of the greatest years of your life because you went
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You're graduating from being the winging person that just talks a lot, but then you never look
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You're becoming a professional because you're doing it right.
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And because you're doing it right, it produces excitement.
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If you execute it, this could be a very special year for you.
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And by the way, if you haven't already subscribed to Valuetainment on iTunes, please do so.
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Give us a five star, write a review if you haven't already.
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And if you have any questions for me that you may have, you can always find me on Snapchat,
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And I actually do respond back when you snap me or send me a message on Instagram.