In this episode, Neil explores the psychological trap of treating a business plan as a finished work of art. Using the classic imagery of Wile E. Coyote running off a cliff, Neil reflects on his own experience of ‘running out of plan’ after successfully completing a 10-year business roadmap. He discusses the danger of the ‘inner moron’ taking over when we lack forward momentum and emphasises that a plan should never be a static relic.
KEY TAKEAWAYS
Reaching the end of a long-term plan can lead to accidental stagnation if a successor plan isn't already in place.
Without a clear, written direction, our less-productive impulses tend to take over, leading to business stalls.
A business plan is not a ‘holy relic’ or a final work of art; it must evolve as the business and the owner evolve.
Set a recurring schedule (at least every six months) to revisit, tweak, and refine your master plan.
Always maintain a forecast that extends at least five years past your current milestones to maintain momentum.
BEST MOMENTS
"He was absolutely fine until he realised he’d run out of road."
"The framed plan was my point of reference, but it only went as far as the frame would permit."
"Even on a good day, without a plan, I’m a total cabbage. Most of us are."
"The plan will never be done. It’ll never be finished. It’ll live and it’ll evolve as I live and evolve."
"I hope we continue to dream, to chase those dreams down, endlessly pushing out the limits of what we think is possible for ourselves."
VALUABLE RESOURCES
www.Neilcowmeadow.com
info@neilcowmeadow.com
HOST BIO
Neil Cowmeadow is a maverick peripatetic guitar teacher from Telford with over 19 years’ experience in the business of helping people. Learn how to start, grow and love your business with Neil’s invaluable advice and tips without the buzzwords and BS!
This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/
