Have you and your leadership team ever stepped out of a quarterly meeting feeling more defocused or demotivated rather than pumped for next quarter’s business action plans?
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In today’s video, I share an effective way to run a successful quarterly planning session with an agenda that’ll leave you and your team feeling energized, focused, and ready to carry out your business action plans to achieve your priorities over the next quarter.
A quarterly meeting is when you and your leadership team take time to plan for your desired business outcomes over the next quarter, and what you’ll have to do to achieve them. It’s meant to keep your business on track. But where it can go wrong is if there’s no effective quarterly meeting agenda to set the tone for the whole session.
What often happens when there’s no clear direction, is you end up reviewing what happened in the past quarter, and diving deep into some of those problems without really being able to come up with effective strategies to move your business forward. You basically end up wasting your time.
What your business needs is effective quarterly planning through a quarterly meeting agenda that allows your team to come up with business action plans to meet your business goals. Watch until the end of this video to learn exactly how you can do that.
Hey everybody, Dan Holstein here helping your business take flight.
Have you and your leadership team ever set aside time for a quarterly meeting and come out of that meeting maybe defocused or demotivated because of everything that you have to deal with and you don’t come up with an effective plan of action?
If that’s ever happened to you stick around for this video because I’m going to share with you an effective way to run a quarterly planning session where you come out of that meeting energized focused and ready to take action to achieve your priorities over the next quarter.
INTRO with music
We’re talking about how to run an effective quarterly meeting. And so first of all what is a quarterly meeting?
It’s the time that you and the leadership team take away from the business four times a year to plan out what you’re going to accomplish over the next quarter.
And a lot of business owners get it wrong. They don’t have an effective agenda to run this meeting. And what happens is they end up reviewing what happened in the past quarter, getting into the weeds on some of those problems and not really coming up with effective go-forward strategies to move the business forward.
So it can end up being a bit of a waste of time.
I want to share with you an agenda that’s going to help you have an effective meeting so that you can move the business forward.
Here’s some of the things that we want to include:
First of all your environment matters. Get out of your office your shop your plant wherever it is. Go somewhere nice that has lots of natural light and is comfortable so that you can get rid of some of the environmental constraints of doing the thinking that you always do in the environment you’re always in. We want to get somewhere fresh.
That’s number one.
Then we want to review, “How did we do over the last quarter?” Let’s celebrate what are the wins? What are the things that went really well?
What are the challenges that we had? There’s always challenges.
What are the learnings that we got from our wins and from our challenges?
We want to do that review to make sure that we’re capturing those learnings that we can take forward.
The next thing is we want to examine our strategy. “Is our strategy still effective, based on what’s changed over the last quarter, with our target market, with the market in general, the economy, et cetera, is the way we’re going to market still effective?”
Assuming yes, the next thing on our agenda, is we want to set our priority for the next quarter.
“What is it we’re setting out to achieve?” And we want it to be very very specific. One thing.
You might have a lot of things that are important but there’s going to be one key priority that you and the team need to set to be able to achieve over the next quarter.
And that’s going to drive your critical number. And this is the metric that you’re going to focus on achieving measuring and managing throughout the quarter to make sure that you are clear that you’re making progress, and if not, what to do about it.
The next thing is we want to have a plan of action. “What is it that we’re going to do to actually achieve our priority? We need to decide upon three to five “rocks”or subpriorities that we need to focus on executing that when they’re completethe overall priority is achieved.
After that we want to determine how we keep it fun. “How do we keep our priorities and critical number alive?” We want to have a theme and a reward so that everyone is engaged, that the whole team can understand what the priority and the critical number is.
The theme keeps it fun and engaging. And the reward is something to look forward to for when we win.
We want to wrap the meeting up with our top learnings from the day and make sure that we understand what our action plan is moving forward so we commit to who is going to do what by when. And when we break, everyone’s energized, we’re focused, we’re on fire, we know where we need to go. And we have confidence and clarity that we’re going to get where we need to go over the next quarter.
That is an effective quarterly meeting agenda. And it takes about a day to do.
If you’re not sure what you should be doing for your quarterly meeting or you’d like some help, let me know, I can help facilitate that for you or share in a little more detail about what to do so you can run it yourself.
Just reach out to me, I’m happy to help. So have yourself a fantastic week and we’ll catch you next time.