Building Blocks: Mission/Plan Flashcards

1
Q

What is a mission?

A

You cause or crusade motivating you to correct a specific problem.

Answer this question, “What cause are you fighting for?”
“What injustice are you correcting?”

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2
Q

What is a plan?

A

A detailed set of actions.

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3
Q

What should you be paying attention to when planning?

A

Current and expected trends.

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4
Q

What are some topics to consider in 2023?

A
  1. Supply chain
  2. Trade war with China
  3. Recession/market crash
  4. unemployment
  5. presidential campaigns
  6. Interest rates
  7. Investigations
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5
Q

How far into 2023 should you plan?

A

Plan for the entire year. Calander it out.

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6
Q

What should you examine before developing your plan for 2023?

A

Study YOUR 2022.
These are areas to examine:
1. Trends
2. Your good/bad/ugly
3. 2021 vs. 2022 (year over year comparison)
4. Month to Month
5. Quarter to Quarter
6. Any missed opportunities

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7
Q

What should you be scheduling into your calendar?

A
  • Date nights
  • Personal training
  • Quarterly strategies
  • Monthly biz developing and networking events
  • Lunches/Dinners with key employees
  • Conferences and trade shows
  • Writing time
  • Reading time
  • Strategy time
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8
Q

With respect to planning and mission what is the biggest reason a business plan falls apart?

A

You have the wrong thoughts on your mind.

Minimize distractions.

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9
Q

What is the formula to minimize distractions caused by conflict.

A

Plan, brief, execute, then debrief.

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10
Q

What is the key skill needed to avoid people who could be future distractions?

A

Charming and disarming an enemy.

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11
Q

What are two tips for having difficult conversations?

A
  1. Consider the timing. Don’t give people bad news before a big performance.
  2. Train your team on how to address conflicts.
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12
Q

What can you do to face threats, plug leaks, and seize opportunities?

A

Assess your potential 2023 threats, stay on track to meet deadlines and attend calendared events, watch those on your list of people to pay attention to, quickly determine what leaks need plugging and what opportunities need to be seized.

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13
Q

List the 10 different types of crisis.

A
  1. Health
  2. Technology
  3. Organizational
  4. Violence
  5. Revenge from former employee.
  6. Defamation of character
  7. Financial
  8. Black swan (unlikely event)/White swan (highly certain event)
  9. Personal
  10. Natural
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14
Q

What extends or decreases the lifespan of a crisis?

A
  1. Your strategies
  2. Your level of poise
  3. Over-exaggerating a minor crisis
  4. Down-playing a major crisis.
  5. Your ability to see five steps ahead.
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15
Q

What are some worst case scenarios you should prepare for if applicable?

A
  • If I lose my biggest customer…
  • If I lose my biggest revenue producer…
  • If we get shut down because of Covid…
  • If we are forced to relocate…
  • What’s your cash shortage plan?
  • Who is your immediate replacement?
  • If labor costs go up 30 percent…
  • If I get sick…
  • If my staff tries to unionize or goes on strike…
  • If we get sued…
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16
Q

What are some examples of the building blocks Mission and Plan?

A