How to run an effective strategic planning meeting, with Michael Haynes

Comments? Suggestions? Text the show here! As the world evolves, it brings new markets, technology, and consumer preferences that will impact your business. To succeed, you need to adapt and keep up. With strategic planning, you develop a roadmap for business success. It's a deep dive into your business operations to find standards that boost work efficiency and productivity.But what happens during a strategic planning session?How do you conduct a successful session where you define your business strategy and develop actionable plans so things get done? In this episode, guest Michael Haynes outlines the essential steps, people involved, and general methodology of running a successful strategic planning session to hit your goals. Michael Haynes is an SMB Business Growth Specialist and author. His focus and passion are empowering CEOs of service-based companies to acquire business (B2B) clients and achieve the growth and impact they seek through BUSINESS innovation and sales.Michael is based in Sydney, Australia, and works with companies globally.We break down the specific steps on how to conduct a strategic planning session:04:17 Schedule your strategic planning session.  06:27 Identify the participants.  10:04 Do the Pre-Work.           - 07:54: Company analysis:          - 09:13: Listening summary          - 12:07: Assign various team members to put this together about a week before.          - 12:22: Send this information out, as pre-reading, to everyone who will attend so everyone's up to speed16:37 Nominate a facilitator to guide the discussions. 20:42 Start with a company overview. 21:31 Present the business overview.22:07 Go over the listening summary piece.22:34 Key in on your customers or buyers.25:38 Determine your priorities in terms of business growth and customer needs. 27:06 Identify your overall objectives and the key strategic initiatives to make them happen.31:19 Develop action plans using the five innovation initiatives.33:23 Develop criteria for each innovation/action plan. 36:46 Schedule breakaway sessions for each action plan if needed. 39:14 End of Session.Resources:Michael Haynes, Founder and Principal Consultant of Listen, Innovate, and Grow: https://listeninnovategrow.com/LinkedIn: https://www.linkedin.com/in/michaelhhaynes/Email: [email protected]'s Book | Listen, Innovate, Grow:https://www.amazon.com/dp/B07F6RQNLX/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1Strategy Execution Framework:https://listeninnovategrow.com/resources-b2b-library/ Innovation Initiative Checklist:https://listeninnovategrow.com/resources-b2b-library/Episode 4 | How to Innovate: a Blueprint for Your Businesshttps://podcasts.apple.com/hu/podcast/how-to-innovate-a-blueprint-for-your-business/id1579116066?i=1000535665348Kathy Svetina, Fractional CFO:https://www.newcastlefinance.us/Blog post | How To Run an Effective Strategic Planning Meetinghttps://www.newcastlefinance.us/post/how-to-run-an-effective-strategic-planning-meetingIs your growth causing financial headaches? Sales up, but profits lagging? Financial practices stuck in entry level mode?Don't worry, it's not you—it's your financial setup.Introducing NextGen Finance Blueprint by NewCastle Finance. This CFO-led roadmap: • Brings fuzzy finances into focus • Gives you a clear money picture • Creates a step-by-step action planReady to level up? Visit newcastle.finance/blueprint