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Rhino University EP 9: Mindset in a Crisis
Rhino University EP7: Profit Forecast in a Crisis
The most dangerous thing you can do right now in this crisis is be overly optimistic and assume it’s going to be done in a couple weeks. You have to plan as if this is going to go on for months and months and months. Plan for that, and if it doesn’t, GREAT, if it does, you’re ready for it.
So you need to Profit Forecast – Where are you going to be, if you continue to run like you’re running, where are you going to be in 1 month, 2 months, 3 months, 5 months…
So you need to know your numbers. We have a 6 week average excel sheet we send to our Rhinos for them to plug their numbers in. If this is your first time figuring your 6 week averages out, start with the 6 weeks just prior to this crisis starting. Compare your “normal running” 6 week average with your last few weeks in this crisis. You’ll then know, “okay, I’m operating at 50%”. Okay now let’s forecast that out in 5, 6 , 7, 8 weeks operating at 50 % (or whatever that looks like for you) and see what that looks like. Okay, now these are our costs, this is where we’re operating, are we profiting? So you got to know your numbers and you have to forecast out. Don’t be overly optimistic!
Then you want to look at your missed
Rhino University EP 6: Productivity Strategy #2
Awareness.
This will help you first get aware of what you're doing, your actions on a day-to-day basis.
If you're not aware of them that you can't change them.
The first thing you got to know is, there's a problem, or there's an issue.
>>You feel really busy, and you want to know how do I get less busy, right? How effective are you? Are you getting a lot done in that business? Usually not.
Now, 9 years into my own practice and probably for the first 5 or 6 years felt so busy, working so many hours. Doing well, but now I look at what we do and it’s just amazing how I’m working so much less, doing so much less and our office is so much more successful, so much more productive, things are getting done so much faster, we’re getting more projects happening, more effectively than I could have done, you know, what we're doing now in a month, used to take a 6 months to a year to get done, and this is one of the keys to that.
What this is called an action analysis.
Rhino University EP4: Financial Presentation
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