Mini Episode: The Biggest Failure I See in Business Planning - Don't Make This Mistake

Episode Summary

In this mini episode of the Free to Grow CFO Podcast, Jon Blair discusses the critical importance of effective business planning, emphasizing that planning should not be an exercise in prediction but rather in understanding the cause and effect relationships between inputs and outputs. He highlights the risks associated with aligning business inputs around predicted outputs and advocates for a more flexible approach that allows for scenario planning and adaptability in the face of changing business conditions.

Key Takeaways:

-The biggest failure in business planning is not anticipating failures.

-Planning should focus on cause and effect, not just predictions.

-Aligning inputs around a predicted output is risky.

Episode Links

Jon Blair - https://www.linkedin.com/in/jonathon-albert-blair/

Free to Grow CFO - https://freetogrowcfo.com/

Transcript

00:00 The Importance of Planning in Business

03:37 Understanding Inputs and Outputs in Planning