How to Write A Business Plan In 2021 That Produces Results

so most people write their business plan for the following year in the month of december however if you no longer look at that business plan after february you stopped looking at it you didn't write a business plan you simply wrote a wish list today i'm going to talk about the 206 people make when it comes down to writing their business plans and i'm gonna give you a pdf on exactly how you can write your business plan for 2021. [Music] so look there's three different types of people when it comes down to business planning there are the wingers the thinkers the doers the wingers they just wing everything they do they're not really going to put a lot of time into business planning and everything they do in their lives is kind of like wishful thinking this is why i said that at the beginning most people don't look at their business plan after february because it was just a wish list right then you have the thinkers you have the doers my goal is for you not to just be a thinker thinker are those that actually do the timing and look at it and then doers are the ones that execute what they thought about to get their business plans together i've been doing business plans now since 2002. it used to be very weak it used to be just regular stuff i would write on a piece of paper hoping to be a great year and then i wouldn't hit 80 of goals and i got better and better and better 2016 i shared with many of you the one page business plan if you haven't downloaded it yet i'll give it to you at the end of the pdf here's what it looked like you're looking at it at the screen and one of the things i talked about on the business planning is the fact that you can't just look at a business plan as a business plan it's a life plan you have to look at it from your personal standpoint your financial your health your spiritual if you have an aching tooth that you got something going on with your mouth with your teeth that's bothering you and you're sitting down at appointments and you're annoyed you're probably not going to do a good job that you're because there's a pain there's a pain in your back there's a pain somewhere your health is a part of it you're if you're heavier you gain 50 pounds it's going to affect your business if your marriage isn't good relationships aren't good mom dad brothers sis you got issues that are bothering you spiritual all of that come together so i challenge folks to be looking at their business plan as a life plan matter of fact when you get involved with some of these higher end ceo groups you pay 15 20 000 per year you know what are the things all the ceos talk to each other about they go up on the board and they write down in my business life i'm a 10 right now in my personal life i'm a two right now in my financial life i'm a seven right now am i health i'm a four right now i'd like to talk to you guys about my personal life or my marriage and he says we're going through a divorce my wife told me last week she wants to leave me and we spend one hour talking about divorce amongst 12 other ceos because those who build a big business realize your business plan has a lot to do with your life and everything else you do so i wrote that one page business plan last year i gave to you how i think going into a new year and i shared with you a few different things which i'll put the link for it as well for you to go through we talked about in 2019 i said 20 how to prepare for 2020 with strategies i said number one first to look at 2019 recap what you went through study your trends all this other stuff the good bad ugly then i said looking at potential 20 20 threats i didn't put pandemic in here this tells you i've never been through it so i don't put pandemic but i said industry politics economy regulation family held personal anticipate expected events in your company third i wrote after having looked at your threads you should be looking at things to anticipate they could include the following new hires new products new comp plan all that others the next 15 moves then i said after having looked at threats and business opportunities it is important to shift to looking at numbers to month quarter quarter then i said next would be a list of topics to follow closely in 2020 and the topics are trade war 5g brexit election u.s iran epstein this is what i said last year right pandemic hadn't hit yet this video was shot and was live november 12th i believe 2019 is when it went live then i said people to follow here's what i sent the video last year on what people to follow in the year of 2020. look at the list of nine names i give in the video exactly a year ago so you notice the names trump obviously trump there was a lot of things in 2020 i have to do with trump warren biden biden president-elect hillary kushner kushner uae uh uh israel bezos i mean dominated he was all over the place musk 90 billion dollars he made in six months dorsey controlled election with the new york post because i knew how much control he and zach had you had to watch him and zuck what they did to control the election the influence of the election and that was for last year right list of names and then at the end i talked about calendar i went through the whole thing with calendar so everything i said about the video last year still applies for this year all of it i said last year applies for this year but i got a new list of names for people to follow this year and i got 20 mistakes you can make at the end of the video i'll give you my new list of names to follow for 2020. one but here's some of the mistakes people make when it comes onto business planning number one there is no quiet time meaning they don't have a quiet time where they turn off the kids the wife the husband the family friends the phone everything and you go into a cave and you sit there by yourself and you start thinking you look at everything that happened in the prior year and you think not one hour not two hours not three hours this is an all-day event for you on a saturday or on a sunday away from everybody you gotta plan this you can't wing it it's not one of those things where you go ink and preferably lots of papers lots of data lots of numbers lots of everything 2003 was the first year i started tracking every single thing with my finances november 18th is when i started tracking everything and the reason why i started tracking it on the 18 was my credit score was 484 495 499 okay and if you watch the video the life of an entrepreneur in 90 seconds you see a credit report that's my credit report and credit score from 2004. it's the original credit report score that i got in 2004. so every 18th i had my checking account my saving account my investment my stocks my mutual funds my artifacts my collectibles my cards everything that i had and my credit score at the bottom i tracked all of it every 18 it would update every 18 would update every 18 would update and i did that religiously guess what happened to the credit score went from 484 to 495 499 to 820 822 798 and the rest is history why because quiet time led to measuring my data so the second mistake people make is they don't have their data around them they don't measure their data you got to have like for me everything to me is now about data i want stats i want numbers i want everything to look at this year over last year because if i can look at the history of the numbers that i've done how can i predict what's going to happen if i don't look back how can i predict where we're going to be going if i can't look back and see what things happen last year how can i say the month of january we're going to do this in the month of february we're going to do this and the month of march we're going to be doing this i can't do it so one quiet time go together and start thinking about what's going to happen number two gather all your data number three is sitting there the mistake a lot of people make with their business plan is they overestimate what they're going to do that that year they overestimate and i think gates was the the one that said many people overestimate what they can do on one year and underestimate what they can do in 10 years let me repeat that one more time most people overestimate what they can do in one year and underestimate what they can do in 10 years what does this mean to most people overestimating they'll sit there and they'll say this year i'm going to make a million dollars and the most money they've ever made is fifty thousand dollars how are you gonna go 20 x from 50 to a million dollars good you're being optimistic don't get me wrong it's good you're excited about it but what was your december what did you show in the month of december and what kind of momentum are you going into a new year today i'm going to make a million dollars to go from 52 million dollars that's going from 4 000 a month income to 83 000 all your income that's you're overestimating so what happens is the more you overestimate your goals you eventually stop taking business plans seriously rather sitting there and saying well i think you know i'd like to be here and what is it that i can do this year if i did a hundred thousand dollars this i think if we push i can get to 500 000 because we have a lot of momentum going on right now but i know for a fact we can get to 250. i know for a fact we can get to a number like this so if you don't look at the day if you don't have quiet time if you don't look at your data if you don't look at your numbers and realistically make some numbers i'm not talking about not being positive but tesla's been around for a while yes musk made 90 billion dollars this year in six months or seven months but how long ago was it when everybody's seen tesla's going out of business tesla's going out of business that's what's going out of business amazon may be worth what it's worth today two trillion dollars whatever the number may be and bezos may be worth 200 billion dollars today but do you remember how many times on the calls he would do and investors would say where are the dividends where the dividends everybody else is paying dividends but you're not paying dividends and basos would say on his earnings call i've told you if you want or dividends i'm not the guy but if you want to believe me long term 10 20 years from now i promise you i'm going to make you a lot of money guess what the first group of people that he gave 20 to and they gave him a million dollars you know what that 20 is worth today 400 billion dollars what do you think you think the people that were patient are happy they were patient yes the ones that were not patient they're somewhere telling a story to their kids and grandkids honey your grandpa should be worth a billion dollars today but he's not there's an element of being patient so quiet time data underestimate overestimate don't make that mistake actually based on the data be able to put a better number on what you can do the following year number four is not knowing what numbers to measure here's what i mean by what numbers to measure look there's a lot of different data that you're going to have a lot of data points i mean i have hundreds of thousands of data points that i can look at you know what we sell you know but there is the most important data to measure this is why john doe wrote a book measure what matters okay and when steve jobs died everybody went to john doerr's house to reflect on the life of steve jobs and john doerr in his book measure what matters talks about okrs and the whole idea about okrs is what is the most important data that you got to measure for you when you're doing business planning you're sitting around saying what do i do the movie moneyball the guy eventually figures that the most important data in baseball it's not rbis not hits it's not home runs it's not tickets sold it's not any of that stuff it's on base percentage he found that the most important one biggest mistake people make going into new year is if you don't know the most important data point that you need to grow your business how are you even going to make any kind of proper guesstimation of what you're going to do you don't because you don't yet know the most important data to measure so you got to sit there with your quiet time and say what is really the most important date is it sales is it calls is it context is it budget is it advertising is it who we hire is it the talents ability is what is it is it number of sales people is a number of phone calls there's a number of outreach i don't know what it is you got to get your data when we got our data my business exploded you got to sit there knowing exactly what is the most important measures uh uh uh to matter what is the most important number for you for for you to measure and then from there it's game changers because you can actually now predict better on what you're going to do in the future next one is simple it's research and let me tell you why research is a very very uh high paid skill for you to have and very few people do it here's why if i wouldn't have done research the day everybody shut down nhl and be all this others i would have panicked but because i came back and i researched and i looked at it and i said okay let's see what the last 10 pandemics have done and i looked at sars mers ebola aids every one of them and like okay the market recovers within six to 12 months ninety percent of the time i was calm i shared that share that level of common data with my peers and the people i work with they looked at the data okay pat this just kind of makes sense well listen guys there's a 90 chance this is going to go away mark is going to recover it's going to come back up to 30 000. we're going to be all right market goes down to 18 200 i'm staying calm 18 500 i'm staying calm the dow announces they're over what 30 000. but my level of calmness came because i did my own research i didn't rely on cnn and fox you when you want to do your business plan for the following year you got to do your own research don't rely on what the media is telling you you go do research on some of the areas you need to be careful with for 2021 so you know how to make that proper audible and maneuver and not be affected like the rest of the people will be affected by just because you decided to do some research and they didn't all right so the next mistake a lot of people may go into new year's are following they go into a new year with the same exact skill sets they've had thinking is plenty in 2021 but it's not meaning if you didn't know how to use zoom in 2019 well you got screwed if you didn't know how to use it in 2020 because you had to learn how to use that skill set right there are a certain set of skill set that you got to learn how to use in 2021 that you don't have right now you don't know how to do it right now could be a lot of different things you may not be a good recruiter you may not be good at the retaining people you may not be good at selling you may not be good at negotiating you may not be good at raising money you don't even know what it is to raise money you don't know the different you know measures that people put and say well here's how we're going to control we're going to put the controls on this you don't know any of this stuff but guess what all of those things are available you can go buy the books from other people that have done it and you can improve yourself and those skill sets so when going into a new year as excited as people are about the numbers you're going to ask who do i need to be to do 10 million this year i've only done 2 million who do i need to be to do a million this year the most i've ever done is 200 000 and what skill sets do i need make a list of three to five skill sets go order every single book on those topics with 500 plus reviews on amazon immerse yourself on those topics take courses whatever you can just to get better at those few different skills because if you don't 20 19 20 20 20 21 20 22 everything's gonna be the same because until you decide to add some new skill set for new times and not a lot gonna change this next one's gonna be a simple one but it's something you gotta be thinking about a lot look cash you need cash no matter what anybody says cash is not king cash is king i understand ray dalio says cash isn't king he's talking about just putting your money in cash and not investing it i'm talking about you having cash to be able to move you having cash in case of emergency taking place you having cash in case the government does another shutdown and there's a new administration they're not aggressive they're very they they actually want to be complete opposite trump wanted to open up the economy biden's going to lock it down biden's going to get people everybody wearing masks they're going to want to get people six weeks to not really go to work and stay home maybe that's going to be eight weeks 10 weeks 12 weeks if you don't have cash and the senate is controlled by the right the house is controlled by the left the stimulus is not going to be three and a half trillion dollar stimulus that they wanted to go out they can't because they got to get through senate depending on what happens in georgia which means what the two two point whatever trillion dollar stimulus that we send where the economy came back up that was approved by both sides when that money went back out this time around if you don't have cash you may be affected by it so you got to make sure you have a big big emphasis in 2021 of increasing the amount of cash you have so you can make pivots and decisions and you're not controlled by what a complete new regime could do in america all right so next point here's a very important one look none of us were expecting a pandemic in 2020 you got a beautiful year 2020 everything was nice the number 20 20 vision 2020 dubai is going to do 2020 expo they've been planning for 10 years they spent billions of dollars expecting millions of people to go to dubai to see what this expo is going to be pandemic kids everything got cancelled you know the 2020 wasn't 20 20 olympics or you know it's it's a i don't know everybody forgot if it's supposed to be olympic year everybody forgot about it no one even thought about it everything got canceled everything got postponed so if you got hit hard by the pandemic and you were shocked and it was surprised fine it's the first time you and i can be surprised the first time but second time around if you get hit by the same exact thing and you were not prepared for it it's no longer a shocker you didn't prepare for it meaning you have to be ready for a lot of different weird things to happen in 2021 not as saying it's going to happen i don't know if it's going to happen but you got to go out there and study what are the biggest surprises or setbacks i can have in business what are they how will i react to it one of them you need to have a standard operating procedure on how to react when there's a next pandemic in shutdown with your staff with your clients with your employees with your partner with your vendors with schooling with your kids put everything because it could most likely happen again in 2021 but if it happens again you cannot get caught it's not 2020 anymore let me tell you why this is a subtle one but it's a very powerful one i have a lot of people that i mentor around the country around the world and one of the things i notice is people's reward punishment program is fully out of whack and here's what i mean by it i see people that reward themselves their families their peers their sales people without any kind of earning and what do i mean by this i've always gone off of a reward punishment program meaning i went to new york i said if i cross six figure your income i'm gonna go to new york because i wanna watch the ball drop and i wanna be there on new year's eve you know what i did i went there i said if i have a hundred thousand dollars i'm gonna go to guatemala with a friend of mine and i'm gonna go give away bibles and all this other stuff and went to guatemala city i had a great time in guatemala my buddy leo wanted to give away bibles we went there had a great time it was phenomenal i went there from december 26th day after christmas to december 30th four days we went to uh you know uh puerto barrios livingston we went all over the place grand hague which was a beautiful place all the water volcanoes had a great time then i said if i have a quarter million dollars in savings i'm gonna go buy myself a harley davidson got a quarter million dollar in savings i went to the dealership i've never ridden a motorcycle before a friend of mine god bless the soul is no longer with us anymore i call jim jim ride the motorcycle he brought it to my office at 11 o'clock at night i learned how to ride a motorcycle five minutes afterwards i was on the freeway going 100 miles an hour not recommending it i'm just telling you what i did right but everything's been about reward and punishment so guess what happened my kids everything's about reward and punishment people come to my house and they'll see on the wall 200 books that my son's already finished oh this one eight years old and then they'll see my youngest one is at about 40 books or 30 books right now that he's going through and my daughter's going to go through it as well and they say how do you get your kids to read books how do you do it i can't can you talk to my kids i'm like can i talk to your kids i don't need to talk to your kids i need to talk to your kids parents why here's why i'm at neiman mark is shopping my middle one dylan is wrestling all over my head okay climbing all we love doing this stuff together here and i right the lady looks at me she says oh my gosh that's so sweet i remember when my kids were that age i'm like oh cool how many of you guys she tells me you guys what are they doing now their doctor they're this their lawyer i'm like dang you raise them good yes three tips on parenting we're sitting right there she's watching her husband get changed she says uh um i'll give you one tip i won't give you three of them i said what's that she says you know when you ever threaten your kids and you tell them if they don't do this you're not going to get ice cream or whatever i said yeah what about it when you threat them keep your word i say why it's just because if you don't they won't believe you again what a freaking powerful thing she said to me what so meaning we're going to somewhere i tell my daughter if you don't do that i thought i'm not going to buy you ice cream i have to keep it as much as i want to give her ice cream that day and i have to keep it it's very hard to do when it comes down to your own rewards and punishment don't reward yourself if you don't hit the whole goal do not do it you are weakening yourself and don't do it if the company your team or your family also doesn't hit it with that mindset going into new year you will work twice as hard to hit your goals and when you earn them it'll feel so good when you earn them okay so this next one's got a lot of power behind it it's about cutting the fat with some people in your life let me explain to what i mean by this you gotta unfollow certain people go on your instagram again your twitter account go and see who you follow unfollow some of them and i'm not talking about unfollow oh i don't agree with them politically i follow obama i follow trump i follow i follow people on all sides not talking about political or opposition i'm talking about people in your life that are negative that are toxic you got to eliminate those people out of your life you got to sit there and say um who do i talk to the most this year let me see is the most negative people in my life that are sucking the best out of my life my energy who are they that cousin i'm sorry bobby i love you we're not gonna have a relationship together anymore like we used to i can't talk to anybody as much as we did i'm cutting you every year i've cut the fat it's the hardest thing to do and it gets easier and easier as you age and by the way the results and the reward becomes bigger and bigger as you age because the compounding effect so you got to make a list of people you got to cut i know you don't want to do it you got to cut some fat this you know i'm not talking about just fatty i'm talking about fat is in your relationship and people around you because they're holding you back here's the next one when you write a business plan here's a mistake people make they'll go to the smallest thinking people and say what do you think about my business plan oh it's impossible oh i don't like it oh i hate it oh it's great oh it's awesome oh it's amazing why get the council of small thinkers on your business plan go to somebody that's going to talk to you and it's going to hold you accountable to your business plan and critique you and say i don't know about this i don't know about this you sure about this why'd you write this what's this all about i don't understand this part how do you come up with this number how did you come up with this formula how did you come up with this number and you all of a sudden are going to sit there and like oh my gosh this is uncomfortable i don't want to be able to talk to somebody that's going to ask me how to come up with the number on how i'm going to make a million dollars in 2021 yes how'd you come up with the math well i just thought you know it's kind of a number because if i double it twice and if i guys give me like are you writing a real business plan or wish list i'm writing a business plan this is not a business plan you're wishing for this to happen it ain't going to happen you got to go back to realizing what's going to happen with your business plan not something like this so don't share your business plan with small thinkers go sit down with somebody that's going to be tough with you honest with you gentle with you respectful with you but is willing to challenge you and you'll be able to find leaks in your business plan that others will not tell there's gonna be a lot of your mom or dad or brother and sister some of them are gonna be like oh my gosh it's so awesome you don't need that you need somebody that knows what they're talking about that's going to give you direct counsel all right so when it comes down to business planning a lot of times people spend way too much time thinking about their competitors okay competitors constant competition for me i got to tell you um you know if you work with me in the insurance company and you ask the people that work directly with me how often does pat measure and talk about other competitors other companies and they'll tell you i'd be more than happy for you to ask them and they'll tell you pat never talks about competitors he doesn't bring them up and say well this is what they're doing this is what they're doing that's what they're doing i don't sit there and say we gotta go beat them we gotta no i know what people are doing because i know the market i'm not telling you i don't look at the market of course i know what's going on with the markets i have to study the market i'm responsible as a seo and a founder to be thinking about that but uh i look at things that we need to be improving when i was small and i was looking one of the competitors i'm gonna look at that as one of the mistakes people make is this is two in one because sometimes you compare yourself to a person that's got 20 years experience on you you can that's not a good thing to do because you're going to get this discouraged there's no way i can beat him he's 20 years ahead of you she's 15 years ahead of you right that's a mistake people make but you ought to be inspired by your competition where they're at because if you're willing to do the work and improve that could be you one day but sometimes people spend way too much time on the outside of what everybody else is doing and way too little time on what you need to be doing what you need to improve and not everybody else they don't make or break you yes they wake up every morning hoping to put you out of business don't think i'm telling you they're sweethearts and they're nice people and they love you and they want all your dreams to become a reality they want your dreams to become a reality as long as you take no market share away from them go take it from other people they're okay with that but as long as you're in their industry they don't want you to grow as fast as you're growing they'll say all the nice things to you in your face but behind closed doors they're saying i'd love to whoop his ass and put him out of business that's normal the way you beat that and defeat that is you focus on we got a leak here we got to improve here we got to get better here the more you stay in that mindset eventually things will work itself out because odds are the people you're competing with right now are not big enough anyways you really got to get used to competing with some of the bigger dogs you're not there yet all right so the next one is uh your calendar you don't do a calendar people just do business plan and they don't do a calendar they don't know what's going on january versus take out a calendar and kind of see what's going on general what events do i have in january what travel time do i have with the family what am i doing what's the kid's birthday where's my everything write it down christmas thanksgiving what do you celebrate and then conventions conferences i'm going to go to this i'm going to go to that election whatever that's going on have all of that written out in your calendar when does the close out if you have a close-up your close outs on thursday what date does it fall on what date does 31st fall on does it follow on sundays saturdays what day is a good day for you to be closed out i look at all of those dates together month week quarter year and then i start coming back and saying well i'm going to do this and this court i'm going to do this and this month i'm going to do this in this month i'm going to do this and this week every one of those things is part of you strategizing by writing out your calendar while you're doing your entire business plan very few as weird as it sounds very few people look at their calendar when they're doing their business planning it's a big mistake people make this next one's probably in my top five list every year it's who i need to recruit i know a lot of people don't think about this for me it's all about recruiting right now i got a long list of people i'm recruiting low-level mid-level c-suite executives new chairman of the board new investors i'm i'm recruiting so many people right now circle of people i need to be around different types of people i'm trying to get into different communities i'm trying to get into and it's all about recruiting you're trying to recruit friends you're trying to recruit an assistant you're trying to recruit you're trying to recruit advisors mentor everything is about recruiting so you got to sit there and think about who you want to recruit i want to recruit a wife many years ago you know you're trying to recruit a girlfriend a real steady girlfriend that's also part of recruiting last time we're having dinner at the house on thanksgiving and tikran who's pretty much family to us him and his wife morale he said something he says in armenian they say something they say you don't have a choice on family you're born into family it's not by choice you don't you don't choose your mom and dad you don't choose your brother and sister you don't choose your cousins you're just in that family he says but when it comes on to friends you get to choose and many of the friends you end up choosing become family they end up becoming family to you you also get to choose your friends you get to choose who to recruit at this next phase of your life and this by far is one of the top five most important things you got to do going into a new year and very few people think about who they want to recruit going into a new year every year needs a theme what do i mean by every year needs a theme every year needs a theme every single year needs a theme you know a movie has a name right rambo rocky gone with the wind you know schindler's list every every movie has a name its own say here go watch it's a good movie go watch it every year needs a new theme you know you're in the year of redemption the year of recovery do you rather come back the year of whatever the year of creating wealth the year of creating leaders the year of being a leader whatever it is every year needs a theme when you have a theme you're emotionally connected to that year for you you got to have a theme i've had a year of something something since 2003. every year the year of something and that's got to be something for you to be thinking about when it comes down to your theme so as you're still sitting around doing your thinking and you're coming up with all the data everything that you're doing words will stick out boom boom that's a people that's how people come up with titles to books right like your next five moves originally was solve for x and solve for y then it was you know uh uh all these other this your next 15 moves and your next five moves everything's coming together theme you got to come up with a theme for next year and it gets you so excited if it has a lot of meaning to it and especially if you're excited if you're married your husband and wife are excited and your team gets excited you're on top of the world so you know how we talk about earlier the life plan we talk about personal financial health all this stuff in every area you write down your next 5 10 15 moves every area come up with your next 5 10 15 moves health i want to get to 220 pounds i'm 260 right now what's your next five moves to get there marriage man i'm single i don't have a girlfriend i've been on enough in a relationship for the last six years i'm sick of it i'm 29. i'd like to find a real good girl great what are your next five ten moves to get i don't know number one maybe you need to get your stuff in the right place spiritual you gotta get clear on who you're looking for number two number three when you get clear who you're looking for maybe you gotta get some finances in order maybe you got to go in the right place to meet the right girls the places you're going to is you know the wrong places i got to find a better place then you got to tell everybody what you're looking maybe you're going to come up with your moves right but in every area of your life come up with your next 5 10 15 moves i guarantee you 99 of you watching this will not do it only one percent of you will and fortunately 41 the world tends to give you what you want especially to those who know clearly what they want i hope that's you this is a tough one and i'm also hesitant about not sharing this with you but i kind of have to share this with you because i don't know any other way but to kind of tell you what's on my mind and that is sometimes you got to cut the wrong person out of your life especially the last appointment that you have this could be a boyfriend girlfriend i hope you're not married because i do not support any of this stuff when it comes down to marriage and all that stuff but if you're dating the wrong girl the wrong boyfriend and you maybe even engage and it's just not going the right way maybe it's time you've been in it for a year two years three years you have a vision this big he or she has a vision this big you're clashing you have to make your vision this big for this relationship to work and she or he is now willing to go like this for you just so you know it's not going to work out i remember one time i'm talking to a pastor of mine and we went to claim jumpers this is with a guy named pastor dudley and i was in a relationship and i always tell him i said you know here's what's going on with this here's what he says look let me just tell you this here whatever you don't like about the person you're with right now is going gonna get worse it's gonna get bigger if you don't like it can you live with that i said no way in the world this is not gonna get better it's just gonna get worse just so you know that boom that was ended that relationship was very easy and it was so hard to do so hard to do because there was love there was fun there was all of that but both of us knew i wanted to live this life she wanted to live this life one of the hardest things to do one of the best things we ever did she's happy i'm happy yeah it's not an easy one to say but your last appointment is holding you back not all of you some of you you got to kind of move on so this next part is only for those of you guys that have people that report to you if you have people that report to you you got an additional step and here's what it is so you got your preliminary business plan that you write a business plan is not just one that you write it you write it you put time into it and then two weeks later you're like okay it's solid i'm good this is what i'm going to the bank with right then you during that time you're doing business plan with your key direct reports or your key leaders and you do business plan with them i said okay let me see where this guy's oh he's not in a good place oh she's definitely in a bad place they're having a bad relationship she's not good okay i don't know what's going to happen over here maybe i need to hire somebody else to help ride out the sun because she's not a good season then you're doing the business plan then one of the people you sit down where you're like oh this guy's really trying to accelerate his life in this next year where is this guy going this changes the game for your company remember a company becomes a great company based on the right people they hire and identify and build then all of a sudden you sit there and say this guy can take the company or next level the business plan changes and adjusts could even go higher could go lower or you need to hire better people you know fire some of the people but you got to do your business planning to get a pulse of where your people ride way before new year comes around so if you got direct reports you need to go do business planning with all your direct reports to those of you that have direct reports did you kind of skim together very quickly did you kind of write it down like okay go by just so you know you got to schedule time and go through your direct reports and do their business plan very very big i promise you most will not do it this is the last part of the business plan the mistake people make you ready here's the last mistake the mistake is they come out with their numbers they come up with their goals they come out with their commitments you know what they do they keep it a secret and when you keep it a secret what's the level of accountability nothing you are not held accountable pressure is less it's okay if you don't hit it you don't feel like a disappointment if you don't hit it so let's keep it a secret when you come out with a business plan tell the world that put some pressure on to you what does that do you have to take it more seriously and in a team it's great to share pressure it's bad if it's only on you if you keep it a secret to yourself you ain't sharing that pressure with anybody but if you share it and say guys this is what we want to do this year who's in who thinks we can have this what part of it can you do what part of it can you do can i count on you on this can i count on you can i count on this now we're all sharing the pressure and you've declared your intention big mistake most people spend hours and days writing their business plan and then don't share it with anybody you know what happens it creates this much pressure for them and others and that is why i said at the beginning if you don't look at your business plan after the month of february it was not a business plan it was a wish list those are the 20 mistakes most people make when it comes down to doing business planning so i promise you pdf and i promise you some names that i'll give you to be looking out for to follow on you let me give you some of the names here these are not all of them i'll just give you some of them that i have here and you can do what you want to do with them let me go through them number one is uh trump jr i'd say watch trump jr very very closely i think sometimes when a father gets hit let's say trump loses and he concedes i don't know if he's going to concede or not and you have a son with that big of a personality with a chip on his shoulder he's going to want to do something i don't know what it's going to be i have a feeling this is going to be very vocal uh season in 2021 with trump jr and he's not going to be biden's favorite person in 2021 i may be wrong but i think that's what's going to be one of the names nexus g china watching very closely they're probably going to be happy because a lot of those tariffs are going to change you're going to hear a lot more conversations with china in my opinion obviously biden kamala harris depending on what's going to happen is it going to finish this term or not are we all of a sudden going to see because when biden won if you notice kamala didn't give any acceptance speeches or nothing she was all the way on the side biden didn't even say kamala do you want to say anything she was completely on the other side trump when he wanted to say pence you want to say something said a couple words so this may be one of those situations if all of a sudden you see more kamala on tv then biden it may be a sign that hey get get used to all of a sudden kamala being the president because he's going to be 82 so watch that part very closely i think aoc is going to push a lot i think aoc and democrats are going to have a lot of wars and there's going to be a lot of division between aoc and the dems because biden is not showing anybody on the cabinet side that he's choosing uh he didn't choose elizabeth warren or bernie sanders or aoc maybe his message is i'm not going all the way to the social side i'm glad you guys helped us to get elected but i'm not putting any of you guys inside so they're going to be upset they're going like wait a minute we helped elect you you don't want to support us so there's going to be some kind of a division i think this is going to be a big part of it watch michael ulster him uh he will be more influential as influential as potentially fauci i think he's going to have some choices on what we're going to be doing with his job i think the rock may make a move if he's ever had any kind of plans of running for office which i think he may have you may see some kind of involvement with him more this year to kind of p you know start showing signs of it i don't know he may do one of those interviews that the rocked it with oprah winfrey where you know oprah winfrey said hey do you have any plans of running for office one day he may do one of those with uh rogan he may do one of those with allen he may do one of those so just kind of keep that part of him when it happened i'm kind of letting you know he may one day be the president of the united states john roberts is another one to watch uh uh he may be very very important because he may be republican but he votes against republicans a lot of the democratic supreme court justices they always vote democrat pretty much 99 percent of the time but john roberts doesn't he he goes left as well sometimes and so you're gonna have to watch him because if they decided to pack the court and some of the stuff that they do he may have some involvement in that i'd be watching powell closely because of interest rates supreme court justice going to be very very important this uh this time around 2021 to watch and i'm going to put lebron in there because if lebron has any plans this is where the opening of blm involvement some of that stuff his new spring kill media i don't know he may somehow get in the biden administration and do something it may not be this time or maybe in the next three years but he may be somebody that's going to want to get involved in those areas so having said that if you want this whole thing in pdf today what word do we want to use do you want to use just 2021 text 2021 to 310-340-1132 again 310-340-1132 the number 2021 and we will send you back the business plan all of it the one-page business plan the other one i told you about that i created last year and the 20 mistakes people make for you to have as you're preparing for your business plan and if you haven't watched either of those videos the one page business plan or strategies going into 2020 i highly recommend you click on either one of these things to watch and if you're not in the states where you can't get texts go on the link below subscribe to our newsletter and we will email you all the notes of the business plan take care everybody bye [Music]

Channel: Valuetainment

Views: 284,638

Rating: 4.9547234 out of 5

Keywords: Entrepreneur, Entrepreneurs, Entrepreneurship, Entrepreneur Motivation, Entrepreneur Advice, Startup Entrepreneurs, valuetainment, patrick bet david, business plan, life plan, one page business plan, how to plan the year, end of year planning, how to plan your year, planning a business plan, business planning

Id: V-a-nW0Frx8

Length: 37min 40sec (2260 seconds)

Published: Tue Dec 01 2020