The Cost-Cutting Antihero - Goals and Values
(For those just tuning in, this email is part of a multi-day series we're doing on Cost-Cutting. Check out the first postif you want to start from the beginning!)
Now, you might be wondering,
Why are we wasting time reviewing overarching goals and values when we should be focused on cost-cutting?
In other words, you might be thinking,
“Show me the money!”
But here’s why, after building some momentum with quick wins, we need to slow down and talk about goals & values:
Cost cutting isn’t typically about finding hidden savings with no downsides
It’s about making tough calls
It’s about deciding what you really should be doing with your money
Where you should you be spending
And where you should be saving.
So, we have to look at Goals and Values:
Goals tell us what we should be investing in
Values tell us what guidelines we’ll follow to get there
Before you decide what to cut
Decide:
What you want, and
What you will and won’t do.
Your homework assignment today:
Write down your top 1-3 goals for the next 3 months, 12 months, and 5 years
Write down the 5 company values that guide how you operate
Once you're done, hit reply and let me know how it went!
Tomorrow, we'll translate these into effective spending.
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