5 Day Strategic Planning Challenge – Day 4

As you move from chaos and confusion to confidence and clarity Nick explains, on day 4, of the challenge, the importance of creating strategic priorities. Vision, strategy, and tactics are the three key elements for structuring your business and asking the right strategic questions will give you the best chance of finding the right answer Nick goes through the strategic thinking process so you can identify  the issues and prioritise solving the ones that will have the biggest impact on moving your business forward   KEY TAKEAWAYS A well-formed strategy is how you are going to fulfil the vision and comprises of annual priorities, quarterly priorities, and evidence of success The priority is the area of the business you want to focus on The evidence for success is the measurable that tells you if you have succeeded A strategic issue is created in the form of a question What would make the biggest difference and impact on your business, if you could solve it right now? Strategic thinking focuses on identifying and working with the priorities Step back and effectively use strategic thinking to see the biggest issue   BEST MOMENTS ‘We take all of the information and we create the key strategic issues’ ‘What is the number one issue in your business right now?’ ‘Identify the issue, because knowing what the problem is, gives you a better chance of solving it’   VALUABLE RESOURCES Empire Builders Podcast  https://keapnow.com/empirebuilders   ABOUT THE HOST Nick James Nick dropped out of university at the age of 21 and failed spectacularly with his first coaching business, which forced him to take a £16k/yr telesales job.  Within 12 months he was the top performer and left to start his second business at 24. This time he discovered a winning formula and before long had a multi-six-figure company. He then made a huge mistake which nearly put him out of business and cost him £50,000 in personal cash! Fortunately, Nick kept it afloat, turned it around, and sold that business 2 years later in a seven-figure deal.  He then co-founded a multi-million-pound marketing company, which he exited in 2015, and created Expert Empires. Today, Expert Empires is known as the UK's number one business event for Experts, with world-renowned celebrity speakers like Gary Vaynerchuk, Grant Cardone, Chalene Johnson, David Goggins, and Lewis Howes gracing the stage. Nick also specialises in helping Coaches, Consultants, Speakers, Trainers, and Authors take their businesses from zero to six figures and beyond through his Expert Empires Mastermind programme.