Well, I’ve got something called the Million Pound Processes model, and it’s the 51 things that you have to have in place to have a million pound business. So 51 things. It sounds overwhelming it because that’s a lot of things, right?
If you’re there and you’ve only built 10 of those things, you’re like, hey, I’ve got 41 things to go. You might almost not even start on that journey because you’d be like, it’s just too much. So, dealing with overwhelm when people are growing and scaling their business is a very pressing need especially from an advisor’s point of view and the way we do it for our clients is we build, we have these things called quarterly planning days and the quarterly planning days is the idea behind quarterly planning days is it gives business owners an opportunity to come together and then look through all the things that need to be done to actually grow and scale their businesses. Then prioritize like the three or four things they’re going to work in the next, work on in the next quarter. And the idea behind that is they prioritize three or four things that they want to work on in the next quarter.
And then they forget everything else. While they’re going through that quarter, just getting through the actions needed to get through those three or four things done. Other things will pop up and other opportunities will pop up. But quite often they’re focused off that they will ignore or shelve those other opportunities to continue working on their quarterly plan.
And then once they achieve that, they can then look at those other opportunities and then figure out if they want to work on those opportunities for the next quarter. Sometimes, something comes up and it’s quite urgent, in which case you may have to make adjustments to that quarterly plan and focus on something else.
But quite a lot of the time, having some sort of system where you only focus on a few things at a time and ignore everything else or don’t get distracted by anything else. Then that can be the best way to avoid getting overwhelmed in a business because you’re going from this really top level view where it looks like you’ve got so much to do to only focusing on a few things and just doing them as well as you can.
And before you move on to the next things, if you want to find out a bit more information about our quarterly planning days, then just check out our website and accounting. co.uk and if you found this video useful, just remember to like share, follow, subscribe, and I’ll see you at the next video.
