REI In Your Car 152: Strategy Versus Operations
I don\u2019t know if any of you knew this about me, but I\u2019m studying to get my MBA at St. Louis University. Sounds pretty impressive until you learn that I started in 2004. It\u2019s true.
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In this episode, I\u2019m driving home from the first session of my last class. This is the capstone and will probably require much more time than I originally anticipated. (Like most things do.)
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Something that was said in class caused me to start thinking about strategy versus operations. Oftentimes, we get so involved in the day-to-day operations of work that we forget to step back and lay out our strategies.
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This is why a coach is such a great benefit to investors; they help you envision the bigger picture. My investor friend, Todd Toback, has a coach who is strictly a business coach\u2014as opposed to having a real estate investing coach. He says it\u2019s made a huge difference in his investing business.
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I\u2019ve come across a new concept when it comes to strategizing. Rather than planning out a year in advance\u2026 lay out plans for every 3 months. I\u2019m learning about this from a book I\u2019m reading, The 12 Week Year.
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Fascinating concept.
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