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Is it Time to Stress Test Your Business Planning
Manage episode 420803525 series 2834060
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Often times, preparation and thorough planning is seen as the safeguard to a successful business. However, there comes a point where the plan can become stale and out-of-date. Many business owners and entrepreneurs may want to update their business plan but don't know what to look for in terms of weak points. That's where Homer comes in with this episode of Advance Your Wealth.
Join us today to learn how to stress test your business plan and better prepare for the unknown future.
Chapters:
0:00 - Introduction and overview on the topic of the day
1:40 - Homer Smith on Stress Testing
2:50 - What Does a Good Stress Test Look Like
4:40 - Who is Qualified for Stress Testing
6:30 - Areas to Focus on in Your Planning Check-up
10:05 - Selling Your Business and Exit Planning
17:05 - When to Go Through a Stress Testing Process
19:10 - Getting the Outcome That You Want
19:45 - How to connect with Homer Smith
20:00 - Closing remarks
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