EP159: What’s a “Power Day” (and Why You Should Host One Every Quarter)

EP159: What's a "Power Day" (and Why You Should Host One Every Quarter)

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Alex was recently asked a question on how to host an effective ‘power day’ for your team. Power days are basically quarterly meetings with the team where you brainstorm, make the business process more efficient, and set new quarterly goals to pursue. Alex meets with four out of the six members of his team from 8:30 a.m. to 4 p.m. and works with them on how they can make the business better. On the show, he shares what a typical power day agenda looks like for him, but he’s open to feedback on how he can make it better!

 

Key Takeaways:

  • Thank you for reaching out and giving feedback! Quick shout out to those who have reached out!
  • Alex recently opened a Patreon account in case you’d like to support the show!
  • Alex has been recording two shows a week since January 6, 2016!
  • Felipe Bossans and Jesús Toledo just closed a monster deal and Alex is incredibly happy for them!
  • Jesús asked Alex to dive a little deeper on his team structure.
  • Once a quarter, Alex physically meets with his team and hosts a power day from 8:30 a.m. to 4 p.m. to strategize and set goals.
  • In the book Traction, it discusses how to effectively structure these power days.
  • Alex shares what a typical team meeting agenda might look like.
  • Last time Alex and his team met, one of the biggest challenges they were facing was with sellers backing out of deals.
  • When you’re setting goals, you gotta make sure everyone is rowing in the same direction. You gotta get buy-in from your team members.
  • Alex is open to your feedback on how to better structure team power days. Reach out to him!

 

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Mentioned in This Episode:

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Episode 148: Trevor Mauch Dishes Game-changing Advice that can Take Your Business to the Next Level

Episode 154 : Joe Evangelisti on TRACTION, and the Entrepreneurial Operating System (EOS)

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Tweetables:

“One of the biggest challenges we’ve been faced with is sellers backing out of deals.”

“What’s our marketing budget, where can we focus on, and at the end we end with goal-setting.”

“If you have any other ideas or better ways of structuring these power days, shoot me an email!”

 

Ask Alex A Question:

Have a question you want featured on an upcoming Flip Empire Show?

Head over to the Ask Alex page, and record your question. We’ve made it super easy for you, so let us know what challenges you are having, and Alex will answer it personally!

 

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