Management
5 Year Planning
A long-term plan that captures the biggest macro goals a company wants to make sure it’s pursuing over the next five years (or so).
Curated Learning Resources
- To Grow Faster, Hit Pause — and Ask These Questions from Stripe’s COOClaire provides steps for how to be intentional about growth when your organization becomes larger: 1. Document your company's "operating principles" 2. Re-evaluate your org structure and recurring Meetings as you grow 3. Learn the qualities of your top-performing team members, and reinforce them in your hiring process 4. Provide a simple long-term vision / "5 year plan" to all team members, so they understand where you're trying to get to 5. Quantitatively measure employee experience 6. Empower decentralized decision-making via the "see one, do one, teach one" methodology
- Build a Three Year Vision PlanDavid provides a template for what a three year company vision plan might look like: • S.W.O.T. Analysis – Strengths, weaknesses, opportunities, and threats as they exist three years from now (e.g. strengths will change over time — what will they look like in three years?) • Product – Core modules and functionality, much like a simple roadmap for the product • Team – Outline all the departments, Job Titles, reporting structure, etc. (e.g. going from 10 people to 100 people is a major undertaking, and this exercise of going through all 100 positions is well worth it — see What Your First 100 Hires Will Look Like) • Metrics – Include things like annual recurring revenue, customer count, renewal rates, cost of customer acquisition, marketing qualified leads, sales qualified leads, etc. • Funding – Detail how many rounds of funding are required, dollar amounts, and any other pertinent information • Miscellaneous – Anything else that’s relevant to the three year vision of the business
Related Skills
- Crisis Leadership
- Accountability
- Managing Remotely
- Motivating a Team
- Culture of Working Hard
- Intro to Managing People
- Intro to Executive Roles
- Working with Executives
- Operating Cadence
- Executive Meetings
- Managing Managers
- General Manager Role
- Managing Executives
- Alignment
- Deadlines
- OKRs
- One-On-One Meetings
- Decision Making
- COO Role Definition
- Firing
- Annual Planning
- Delegation
- Giving Feedback
- Performance Reviews
- User Manual to Me
- Chief of Staff
- CEO Role Definition
- Advisors
- Mentorship
- Leadership
- Management Offsite
- Vendor Selection
- Reorgs
- Team Charters
- Managing More Experienced People
- Quarterly Business Reviews
- Coaching
- Goal Setting