Episode 019 – Chess, Checkmate and Cash – EP 019

The 2 Cents Business Podcast

The 2 Cents Business Podcast with Joyce M. Washington, CPA:

Money isn’t the easiest topic to talk about, especially when there’s misinformation and a bunch of jargon to contend with.

That’s why I created the 2 Cents Business Podcast to bust money myths and cover business money topics like budgeting, business planning, business growth, cloud bookkeeping, team building and profitability without all of the bookkeeping and accounting jargon.

Join me every Monday to dive into the money & metrics matters for business owners & entrepreneurs.

What do chess and business strategy have in common? A heck of a lot if you ask me…

In this episode, I walk through my process of treating strategic business planning like a game of chess…thinking more than 3 moves ahead and you’ll win at successfully achieving any business goal you set for yourself.

Highlights of this episode:

01:18 Why strategic planning is a lot like planning and playing a game of chess
03:33 What 3-4 moves you’ll make to set and achieve your business goals
04:20 Why you need to start with your long term goals
06:45 Why you need a WHY as your starting point
07:35 Why the B-word (budget) shouldn’t freak you out
08:49 How to break down your goals into a strategy and an action plan
10:27 What to consider and the questions to ask yourself when reviewing and breaking down your goals
11:15 Why you have to keep asking yourself questions and making adjustments to your action plan
13:50 What two KPIs determine your conversion “runway”
18:02 What strategies should you include in your action plan
20:03 How often you should check-in and when you should pivot or stay the course

RESOURCES

Kill The Vanity Metrics Challenge

Money Matters Checklist

Resources List

WORK WITH COMMON CENTS

Virtual Accounting, Bookkeeping & CFO Services

Courses & Programs

Templates

Planners & Printables

Thanks for listening. Don’t miss an episode – subscribe on: Anchor, iTunes, Spotify, Stitcher

Want to chat and hangout with me, Joyce? You can find me onFacebook,Instagram orTwitter…as @thecommoncents.

You can find all the links and additional show notes at: https://www.thecommoncents.com/podcast

What do chess and business strategy have in common? A heck of a lot if you ask me…

Mentioned in today’s episode:

Why strategic planning is a lot like planning and playing a game of chess
What 3-4 moves you’ll make to set and achieve your business goals
Why you need to start with your long term goals
Why you need a WHY as your starting point
Why the B-word (budget) shouldn’t freak you out
How to break down your goals into a strategy and an action plan
How often you should check-in and when you should pivot or stay the course
Where you can get reinforcements

Additional resources:

Remember, this is an open discussion. If you have a question that you’d like me to answer on an upcoming episode, send an email to [email protected].

If you’re hanging out on social media, you can find me on Facebook, Instagram or Twitter…as @thecommoncents.

Episode 019 – Chess, Checkmate and Cash – EP 019

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