In today’s episode, Pete Mohr, dives deep into the importance of planning and projections. Think of it as setting your business GPS. Too often, entrepreneurs dismiss planning as a corporate luxury. But here’s the thing: without it, you’re a ship without navigation—bound for disaster. Planning doesn’t just set your course; it adds flexibility, allowing you to adjust your sails when the wind changes.

Here are a few things Pete covers:

• Why planning is essential for all businesses, big or small
• The concept of a “clothesline” plan: a definitive start and end
• Guiding principles your plan must include
• How to adapt your plans to a changing market
• Why you need both plans and projections

It’s time to take action:

After listening, your first move is to sit down and evaluate your current business plan. Is it a static document or a dynamic tool? If you’ve been sidelining planning, now is the time to course-correct. Take the first step and schedule a planning session with your team this week.