Strategy Vs. Planning
Time to start a photography business this is like the typical mindset right, I'm going to start by getting a website and a portfolio, really, let's slow down. Or in other words slow down muchacho. Got a little more to go, you guys heard this quote, give me six hours to chop down a tree and I'll spend the first four sharpening my ax Abraham Lincoln. Such a great line, I'm going to give you an example of this because it still happens to me constantly today. I've switched everything over to Apple and I'm still using PowerPoint for all my presentations and I think to myself I'm just going to wait until after this Creative Live course to go and learn Keynote and then I go and create 1000 slides in PowerPoint on a Mac, which is very difficult and very time consuming and all the shortcuts and all the things that would make it efficient and quick don't work on Apple. So by not learning Keynote and by not just saying look I'm going to spend a day just to learn Keynote, I end up spending 40 to 6...
0 hours longer in developing these slides and I get so far into it that I can't even go back at that point. I was like how odd is it that as I'm putting this into a slide I'm literally doing the exact same thing right now and we all do it though. We all throw ourselves into something without having a proper plan, without taking the time, without slowing things down and in the long run we end up hurting ourselves. Slow down, do it once, do it right. Planning versus strategy, these two things are actually used interchangeably but they're far from the same, we're going to develop a strategy and a plan coming out of this segment. So what are they? It's not a trick question you guys can answer it's fine. What is a strategy? What is a plan? Do we all use these words synonymously like yeah they're pretty much the same thing right. But the thing is is that the strategy is the overall goal, it's that overarching objective. If you're playing football or you're playing basketball or whatever sport you could possibly think of, the strategy is basically to win. That's the end goal, that's the end thing to score a point to win whatever it might be. But how do you get there? Because a coach has a strategy to win to score points but the player's going to ask what's the plan coach. The plan is the specific set of action steps that we need to arrive at that and that's where you come up with a plan A versus a plan B versus a plan C. Because you can have the same strategy and have multiple plans, if one fails you start the next one. We want to do that for our business. Raise your hands if you're willing to bet that our success in photography was luck. We got one! Some, I would agree with that 100%, that success is a mixture between preparation and opportunity right of that luck that moment, perfect. There's a plan behind it though, absolutely. Are you willing to bet your career the future of your business just simply I'm going to go out and get a portfolio and start selling my work, I hope none of you are at this point. So here are four pieces, I want you guys to get your notebooks out, if you're online get your notebooks out we're going to start a process here and you can write these things down. Where do we compete, these are four pieces of strategy from the BYU School of Management my business partner Justin went to BYU, I went to Utah we're competing schools, we love but hate each other. Anyway, their business school is fantastic and they had these four pieces of strategy, where do we compete, what is our unique value, what resources and capabilities do we have, and how can we sustain that.