In this episode, Byron and Ron discuss:
- Seeing the big picture in your business when you’re stuck in the day to day.
- Creating your business plan, then navigating existing conditions.
- Navigating the changing rules in business.
- The power of the 80/20 Rule.
Key Takeaways:
- Focus on the what, not the how, when you are creating your business plan. The how comes after you know your goal.
- People are running their businesses way too fat. Especially in the current situation, you need to redline non-essentials.
- You have to look at the long term. Sometimes you have to let people go to save others or even the business.
- Take the time we have now to streamline and clean up those things that you’ve been meaning to do (like subscriptions, finding deals, etc.)
"When in doubt, cut it out. If you hesitate at all, cut it." — Ron Douglas
Connect with Ron Douglas:
Twitter: @Colorado_Ron
Facebook: Ron Douglas & Mentoring Giants
Facebook Group: Mentoring Giants (Local Business Assist Closed Group) - Use “The Turnaround Podcast” as the City to get in!
Website: LocalBusinessAssist.com & MentoringGiants.com
YouTube: Ron Douglas - Mentoring Giants
LinkedIn: Ron Douglas
Connect with Byron Walker:
Website: TheTurnaroundPlan.com
Email: Byron@SurvivalFrog.com
LinkedIn:
Byron Walker