The 9% Edge Planner (eBook)

A Quarterly Guide to Help You Maintain Clarity, Stay Focused, and Keep You on Track for Success

Candy Valentino (Autor)

eBook Download: EPUB

2024
224 Seiten
Wiley (Verlag)
978-1-394-30954-2 (ISBN)

Infos

Helpful planner to drill down, get organized, and start putting concepts from The 9% Edge into action

The 9% Edge Yearly Planner is a companion to The 9% Edge that gives readers all of the hands-on tools they need to seamlessly implement the proven principles contained in the main book.

Written by Candy Valentino, WSJ bestselling author, business growth expert, and financial analyst with 25 years of experience, this planner contains worksheets, checklists, and other tools for success that readers can use to intelligently create, develop, scale, and exit their enterprises, no matter what stage they're currently at or how big they want to become.

Some of the concepts that this planner helps readers drill down include:

• Identifying and implementing key strategies that have a direct impact on your bottom line
• Navigating each stage of the business development process with a different set of talents and skills
• Expanding your customer base, enhancing average order value, and boosting the frequency of purchases
• Strategically reducing costs without compromise and measuring and evaluating critical revenue drivers

The 9% Edge Yearly Planner is a highly practical planner for driven entrepreneurs and business leaders seeking to access a wealth of business development tools that have been proven to work time and time again.

Candy Valentino is a successful founder, entrepreneur, investor, and philanthropist. She is the Wall Street Journal bestselling author of Wealth Habits and host of the top podcast, The Candy Valentino Show. Valentino started her first company at 19 with no degree, corporate background, or money, and has since successfully built, scaled, and exited businesses throughout her 26-year career. She is highly sought after for training, speaking, and consulting on business and finance, and is a frequent media guest on the economy, business, and investing, known as 'The People's Analyst.'

Textauszug

MONTH
1

"IF YOU ARE NOT INTENTIONALLY BUILDING A BUSINESS, YOU WILL ACCIDENTALLY BUILD YOURSELF A JOB.

—Candy Valentino

Step 1. Perform the monthly goal review.

Refer back to your last month’s goal. Analyze your progress below:

KPI

Target

Actual Result

Difference

What were your wins this month? _________________________________________

________________________________________________________________________

________________________________________________________________________

What gave you the most trouble this month? _________________________________

________________________________________________________________________

________________________________________________________________________

What do you want to improve for next month? ________________________________

________________________________________________________________________

________________________________________________________________________

Step 2. Set next month’s goal.

Refer back to your Quarterly Goal. Rewrite it below:

I will increase my ____________ from _______________ to ______________________

What three KPIs would best track that goal?

KPI

Current Result

Target Result

Who Is Responsible

STATE OF THE UNION MEETING

The State of the Union Meeting is the best way to master your finances and radically change your business. During this two-hour meeting, you simply review the numbers from the prior month. For example, if today is November 8, you’ll review October 1-31.

To learn more about the State of the Union Meeting, go to Chapter 7 of The 9% Edge and/or The Candy Valentino Show, available wherever you listen to podcasts.

Step 1. Prepare for your State of the Union Meeting.

• Prepare (or have your bookkeeper prepare) the required business financial documents.
  • These three critical business statements with three time periods each, for a total of nine:
    • Financial Reports: Income Statement, Cash Flow Statement, Balance Sheet
    • Time Periods: Monthly, Quarter to Date Comparison, Year to Date Comparison
  • Business Bank Statements for the month
  • Current Bank Reconciliations for the month
  • Business Software Reports
• Block out two hours with a change of environment. You want to be in a different location from your normal working hours, where you are comfortable and productive.

Step 2. Execute your State of the Union Meeting.

• Determine if you need to hold meeting minutes based on your state and business structure. If so, take notes on your findings from this meeting.
• Analyze your documents.
• Use Financial Ratios to measure the data.
• Ask yourself the following questions:
  • People: Do you need to establish performance reviews with any of your team members?
  • Profit: Do you need to run a profit optimization on your expenses?
  • Process: Do you need to create a process or system around any repetitive task?

Step 3. Determine why this goal is important to you. And why now?

Based on your State of the Union Meeting, do you need to revise your KPIs for the coming month? If so, how?________________________________________________________________________

Delegate and calendar necessary actions.

Expense Optimization

Trim the fat on your expenses to immediately impact your bottom line, find clarity, and increase stability!

Step 1. Reduce nonessential expenses.

What expenses are truly essential and which are nonessential costs? ___________________________________________________________________

Reduce nonessential expenses to immediately increase profitability.

Step 2. Renegotiate vendor contracts.

Which vendor contract terms would you like to improve? How so? _______________________________________________________________________

How will you meet that outcome?

• Renegotiate terms.
• Shop out competitive bids.
• Consolidate and combine suppliers to receive bulk or volume discounts.
• Renegotiate vendor contracts to significantly reduce expenses.

Step 3. Review overhead expenses.

Which overhead expenses could you reduce? (utilities, office supplies, rent, insurance, etc.) ____________________________________________________________________________

Renegotiate overhead expenses to save thousands over time.

Step 4. Reevaluate subscriptions and software charges.

Which subscriptions and softwares are costing you? (cloud storage, website hosting, cybersecurity, etc.) _______________________________________________________________________________

Reevaluate subscriptions and software charges by eliminating what’s possible and exploring options for what’s necessary.

Step 1. Capture and Collect any task or idea that’s on your mind.

Simply transfer these items out of your head and onto the page. This is especially important as you consider your Monthly Goals. What do you need to do this week to be successful?

“If you learn to fall in love with the process, success is no longer a destination, it becomes a way of life.”

— Candy Valentino

Step 2. Categorize your tasks or ideas.

Group like tasks or ideas together to create easier visualization and execution.

Step 3. DEA: Delegate, Eliminate, and Automate.

• Delegate: Delegate any item possible to your team.
• Eliminate: Strikethrough any item that doesn’t meet Pareto’s Principle: 20% of your action creates 80% of your results.
• Automate: Write an "A” next to any items that you can use a system to automate.

PREPARE & PLAN™ (AM)

Five Things I’m Grateful for Today… 1. ________________________ 2. ________________________ 3. ________________________ 4. ________________________ 5. ________________________

3x3 How I want to show up today in one word: ____________________________ How I want to feel today in one word: ____________________________ If I only got one thing done today, it must be: ____________________________

5 AM

6 AM

7 AM

8 AM

9 AM

10 AM

11 AM

12 PM

1 PM

2 PM

3 PM

4 PM

5 PM

6 PM

7 PM

8 PM

9 PM

REFLECT & RESET™ (PM)

I drank _______________ ounces of water. I moved my body for ______________ minutes.

Something I realized or a lesson I learned today: ______________________________________________________________

Something that happened today that I really appreciated: _________________________________________________________

Shut off all electronics 30 minutes before bed.

Accomplishments:

_____________________________________________________________
_____________________________________________________________
_____________________________________________________________
_____________________________________________________________

Plans for...

Produkt-Details

• Erscheint lt. Verlag: 11.12.2024
• Sprache: englisch
• Themenwelt: Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Bewerbung / Karriere
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management
• Schlagworte: average order value • Business Development • Business Growth • business skills • Business Strategy • create business • customer base • exit business • growth strategy • launch business • purchase frequency • revenue drivers • scale business
• ISBN-10: 1-394-30954-6 / 1394309546
• ISBN-13: 978-1-394-30954-2 / 9781394309542