The G8 is a forum for the governments of the world’s largest nations to get together. The goal of the G8 is not about quick fixes for complex problems, rather it’s an opportunity to raise issues and plan how to tackle them. While on a different scale, businesses also have complex problems that require thought and planning. When you own your own business, planning is essential. As a business owner, it’s very easy to drift off-course, reacting to daily business life without thinking about the bigger picture. We are strong believers in writing a business plan. (Never did one? Take the time now – there are lots of resources online to help you get started, like
ongoing planning. When we started our first company, we didn’t hit our stride right away. There was so much we had to learn just to get a product out the door – how to make it, how to ship it, where to find our customers. And while we had spent the time on a comprehensive business plan out of the gate, regular ongoing planning definitely took a back seat. Then, about two years in, we had what we called the G2 Summit. (That would be the two of us!) We sat down and talked about our priorities for the business and began to look at our business in a new way. We made a plan for the coming 12 months and then executed it. A year later, we had another G2 Summit and made a new to-do list for the year ahead. Annual planning was a huge change for us. It helped us clarify our goals, which meant we were better prepared for whatever came our way. Down the road, we moved to monthly plans and weekly check-ins. We set goals. Armagnac We assigned responsibility. And we moved forward. Don’t have a partner? Have a G1 Summit. It helps you learn about your business, how the various parts work together, and how it might evolve. Running a business is definitely a trip – and we all know that trips are a lot more fun when you’ve got a road map. All you need to do is follow it.