Why you NEED a strategy for your small business

Do you know why your small business needs a strategy to succeed? If not, you’ve come to the right place because in this video, I reveal exactly why your small business needs a strategy and how you can implement one using a three-step process.
If you think you don’t need to worry about strategy because you’re a small business, think again. When it comes to creating a strategy for business, size doesn’t matter. I don’t care if you have a massive team, a small team, or you’re riding the business waves solo, if you want to enjoy the sweet taste of success, your small business needs a strategy.
Businesses without a strategy are setting themselves up for disappointment and I’m sorry to say it, inevitable failure.
So, why is it so crucial that your business has a strategy? And, what does a strategy even mean?
Watch the full video to find out!
In this video, I cover:
• Why it is so important to plan your small business strategy
• What a strategy for a small business means and why strategy DOES NOT mean goals!
• 3-steps to build a successful strategy for small businesses
Skip straight to the bit you want to know about strategy the most:
0:00 - Intro
1:52 - Ready to learn how to create a strategy?
3:26 - "Why we need this strategy thing..."
3:59 - Definition of Strategy.
5:16 - Understand this before you start creating your strategy.
6:34 - Step #1 of creating a small business strategy.
7:38 - Step #2 towards a small business strategy.
8:28 - Strategies Steve Jobs took to restart Apple.
12:43 - Step #3: strategy and goals!
13:54 - Outtake! What word can't I seem to be able to say! Guess.
Read Richard Rumelt’s book, Good Strategy/Bad Strategy: amzn.to/35gueGT
Have you started working on your business strategy yet? Or, maybe you already have one? - Let me know, I read and appreciate every single comment!
I post a new video every Wednesday, so please subscribe to this channel (CEO Entrepreneur by Tamer Shahin) NOW
/ @ceoentrepreneur
Don’t forget that you can also read the blog post on this topic if you prefer, just head over to ceoentrepreneur.com/why-your-... and read the post titled - Why Your Small Business Needs A Strategy.
This video is Why Your Small Business Needs A Strategy ( • Why you NEED a strateg... )
ABOUT ME
Hi! I’m Dr. Tamer Shahin, the Founder & CEO of CEO Entrepreneur, where we help small business owners scale their businesses, without sacrificing their lifestyle, wellbeing, or freedom. I’m also a Serial Entrepreneur, TEDx speaker, Executive Coach, Consultant, Author, Speaker, Investor, and now… I'm a ‘KZbinr.’
I’ve grown several multi-million-dollar businesses from scratch. Some of these businesses were massively successful and others turned out to be catastrophic failures! Nonetheless, I picked myself up and learned a lot from all of my extraordinary success and catastrophic adversity.
Now, I’m taking everything I’ve learned and leveraging it to create this KZbin channel and help people like YOU scale your business to astronomical heights. Each week, I’ll be sharing tactics, tips, tools, and insights to help transform you into a “cool as a cucumber” CEO.
*Disclaimer*
Results are not typical nor guaranteed. You are responsible for your own actions and decisions. Neither Tamer Shahin nor CEO Entrepreneur can be held liable for any results you may or may not get as a result of decisions you take during or after watching these videos. Links may be affiliate links where may I receive a small commission.
#CEOEntrepreneur #smallbusinessstrategy #businessgrowthstrategy

[@CEOEntrepreneur]

Do you have a strategy for you business? Or are they a bunch of goals? Don't forget you can take the Business Clarity Quiz here bit.ly/3hE5mxi to find out your no1 problem you need to focus on in your business right now

[@PurpleSquareVideo]

oh my gosh, guilty!

[@CEOEntrepreneur]

@@PurpleSquareVideo Noooo! You need a small business strategy. Luckily there's a video about it right here ;)

[@MuhamadFayez]

It's really mad how some businesses go on without a strategy, it's just like blindly making your decision and expecting to get to the right place!!! Thanks for sharing! This a really important video for every business!

[@CEOEntrepreneur]

You will be surprised how many do. It's like Mike Tyson once said. Everyone has a plan until you get punched in the face. Business is no different! Thanks for your comment

[@BlackWidowdetailing]

I've watched like 10 of your videos today and took notes and now on my phone in bed still taking notes now on my phone 😂 I went full time in my business in August and man it has been stressful trying to manage everything by myself and learn everything. I didn't have a back up plan or a business plan or a strategy I just went all in on my side hustle detailing but now that it's getting colder and I'm less busy I'm just trying to make sure I start to get all of the sops and my strategy dialed In so I can give my clients an even better experience. I appreciate these videos ❤

[@CEOEntrepreneur]

Taking notes in bed? Now that's what I call dedication! Glad you're getting valuable insights from my videos. Just make sure you don't fall asleep with your phone on your face! Keep up the hard work and keep those notes coming.

[@RachelLovelaceLive]

Your videos have been so helpful in formulating my business plan. I'm a systems person myself, but you've broadened my understanding and quite literally "scaled" my knowledge of how to build systems from a preexisting strategy that sets the parameters for how to execute my own business. Working corporately sort of siloed me into "departmental systems" thinking after college. When I decided to open my own business, I couldn't figure out how to capture what was needed to point the needle (even multiple needles) in the right direction. So thank you very much for the education you're providing. From broad strokes to granular, everything you share is pure gold.

[@s41r]

I've probably watched this particular video at least 3 times this week alone. The information I get from your channel is invaluable! Thank you so much!

[@CEOEntrepreneur]

3 times this week? Are you trying to memorise it word for word? 😄 Glad our content is helping you! Strategy is CRUCIAL in a business.

[@llm5673]

I'm so grateful to you for these teachings! I have been racking y brain for a couple years now trying to figure out what is missing? what is it that I don't know that I need to know to make my business like a real business? I have been praying for an answer for a long time and This is it! I have said I need systems... but I I didn't know what that looked like and would ask and it seems I got all the peripheral advice but didn't pinpoint my exact need. YOU get it! I could cry i'm so grateful!!... I couldn't figure it out or even what to search for to get some help! Thank You! Thank You!! Thank You!!!

[@CEOEntrepreneur]

You're more than welcome! :). Comments like these is why we do this. So my turn to thank you!

[@RealEstateShortlets]

This was really helpful and enlightening. Thank you.💯🙏

[@CEOEntrepreneur]

Glad it was helpful!

[@OmarZagloul--]

Very powerful video, defining the strategy and roadmaps isn't a luxury for bussnies owners. I love the book suggested and as always looking forward for next week's video ❤️👌

[@CEOEntrepreneur]

Thank you Omar! You're right ... It isn't a luxury. It isn't an option. It really is an absolute must! Thanks for your comment!

[@samyaibrahim2156]

Thank you for your tremendous help in your new video

[@CEOEntrepreneur]

You're very welcome! It's always my pleasure! :)

[@paperlessmovement]

I love that video!! Just in time! Now things are so clear.

[@CEOEntrepreneur]

Awesome! Thank you for leaving a great comment!

[@kashifrana6798]

Amazing content

[@CEOEntrepreneur]

Thank you!

[@HighMindsetHM]

Nice video. Thank you

[@CEOEntrepreneur]

Glad you liked it

[@Neige700]

The best KZbin channel !!

[@CEOEntrepreneur]

Thank you! Please share with others you feel may find valuable too!

[@kingsolomon4103]

Thanks for this Dr.T

[@CEOEntrepreneur]

You’re welcome King S! :)

[@bobbyspakss]

Awesome 😎😎😎

[@mahmoudwaheed6217]

Priceless talk, it is really an eye opener for me. Thanks so much

[@CEOEntrepreneur]

You’re welcome! Let me know if there are any topics you’d like me to cover :)

[@mahmoudwaheed6217]

@@CEOEntrepreneur I’d love to hear from you more about setting up a strategic marketing plan Looking forward to see your next video :)

[@CEOEntrepreneur]

Ok. It’s on the list of topics to cover! But please bear in mind, there are few videos already in production and a content calendar scheduled, so it won’t come immediately but it’s now definitely on the list! Stay tuned ;)

[@maribelsanchez3363]

Thank you!

[@CEOEntrepreneur]

You're welcome!

[@alisonstuart2784]

Really useful, thank you

[@levizwannah]

Based on your description, can I define strategy as the guiding principle of your goals? For example: Increase the active number of customers through excellent customer experience. Strategy -> Goals factory

[@joyfulnessinbusiness2301]

I love your video’s

[@CEOEntrepreneur]

Thank you! Do let me know if you’ve got any business questions or topics you’d like me to cover

[@BtlearnInc]

666 is my likeeee wow 😮

[@CEOEntrepreneur]

Looks like we summoned the KZbin demons with that number!

[@kopiisola8497]

Thank you so much for your content. I appreciate the things you put on but I think if you put a header or content that has positivity and more on the positive side (clickbate or title) could easily blow your viewers count. Yes, it is wonderful that you talked about experience, but continuously doing so also attracts you the likelihood of giving emphasis on that experience thus the views remains as it is. It would certainly blow up, even if you talk to your previous is you have this positive mindset as you are inspiring and teaching processes and system to become successful. :)) That was just a suggestion. It's because of our RAS (reticular Activating System) and comes with what is given more energy is likely to manifest or happen. But yes, grateful for your content as you have spoken your reality. :))

[@CEOEntrepreneur]

Thanks for the feedback. We do take a lot of care and thought into how we put titles and headings based on what can work well, so my team and I will keep this in mind going forwards :)

[@kopiisola8497]

@@CEOEntrepreneur see how your titles with high views based on popularity. most of those titles are positive creating a more positive feedback and number of views. :)) coz it's actually outer intention and law of attraction. :) thanks by the way. I am learning fro your content as well.

[@Ionic457]

epic

[@billaak417]

It's for a goal

[@CEOEntrepreneur]

Yes… but more importantly. It’s for achieving a big vision. Goals are milestones towards achieving the vision. It’s a subtle difference, but an important one.

[@billaak417]

@@CEOEntrepreneur Noted 😁😁😁

[@faisalkoramba4002]

like sir

[@CEOEntrepreneur]

Glad you liked it!

[@ammanannaladhevena8180]

It is verysmall business product raw material cost every time increasing every year increment of salary to our workers and Assigning every person's work performance to single managing worker is correct process or not sir.

[@CEOEntrepreneur]

It depends on many variables as every business is different and even the options of how you do thing means there is not one correct answer here, so I cannot give the right advice here without understanding the business more and all the moving parts. But as a quick overview, putting down a structure and having accountability is usually a good idea as long as this remains consistent and is trackable then it seems like it could be an acceptable way to do things.