#379: 2024 Planning: Leveraging EOS, Strategic Planning, Budgeting & Forecasting to Hit Your Target Equity Valuation [Part 1]

In this episode with Steve Quello we talk about adopting a holistic approach to planning and budgeting. This approach involves setting clear, long-term goals, involving the leadership team, making contextual decisions, and regularly reviewing and adapting plans. This episode will guide you towards sustainable growth and success in 2024 and beyond by making informed and strategic decisions.

THREE BIG IDEAS FROM THE INTERVIEW:

1. The Importance of Structured Frameworks in Business Growth: These frameworks provide a disciplined approach to managing and scaling businesses, focusing on vision, data, process, and traction.

2. Role of Financial Literacy and Integration in Decision-Making: By understanding and aligning the income statement, balance sheet, and cash flow statement, businesses can make more informed decisions that are aligned with their long-term financial goals, particularly focusing on normalized EBITDA rather than short-term revenue targets.

3. Utilizing Peer Groups and Regular Review for Effective Planning: This episode highlights the value of peer groups, such as CEO Nexus, in providing support and external insights for better decision-making.

ABOUT STEVE QUELLO:

A career, like any journey, is subject to chance encounters and events that influence the choices and ultimate course of that journey. It was such an encounter that changed the career path for Steve Quello when he met Edward Lowe, an entrepreneur’s entrepreneur — the inventor of Kitty Litter, Tidy Cat and a host of other successful business ventures. The introduction to Lowe and subsequent working relationship gave Quello a deep understanding of exactly what it takes for entrepreneurs to start, grow and scale a business. This understanding is what ultimately led Quello to his current position as president of CEO Nexus, a consulting business dedicated to providing the resources and networks leaders of second-stage businesses need to sustain and scale a company.

INTENTIONAL GROWTH™ RESOURCES:

• Intentional Growth™ Podcast Archives: Archive of 356+ episodes and counting. Get access to the entire library HERE. We'll be adding a searchable tagging feature later on this year.
• IG Financial Scorecard: Get your Intentional Growth™ Score that grades you on how well you are viewing - and running your business like a financial asset. Get your results and 5 case study videos HERE.
• Intentional Growth™ Academy: 71 Videos, 9.5 hours of content, 20+ exercises. $995 for subscribers [normally $1,495] HERE
• Q4 Nov. 2024 Intentional Growth™ Boot Camp: Two-day workshop with 25 other owners on November 8th and 9th in Minnesota at Bethel University. Learn more HERE.
• Minnesota CEO Exchange: Content + Panel, Networking, and Happy Hour with 100 Entrepreneurs. Mark your calendar, it's September 20th. Topic and location TBD. We'll keep you posted and let you know mid July.
• Q3 2023 Economic and M&A Update: with ITR Economics, ButcherJoseph, and the National Center for the Middle Market HERE