The Franklin Pyramid is a universal approach that helps structure your tasks, making them easier to achieve. The technique is extremely effective and useful in many areas. You can use the Franklin Pyramid for personal planning and self-development, as well as for managing an entire business and a group of employees.
Typically, the Franklin Pyramid should be used when:
1) Time management
With the help of Franklin’s pyramid, a person can determine ig database priorities, distribute available resources, maximize concentration and get rid of unnecessary distractions.
2) Development planning. The pyramid allows you to identify key stages in achieving long-term goals.
3) Progress control. The pyramid helps track the completion of tasks at each level, which ensures transparency of actions and confidence in moving towards the result every day.
4) Working on a complex task
Breaking down large tasks into small steps makes the process how to leverage google my business for organic search success of achieving each goal easier and reduces the feeling of being overwhelmed. Sometimes a person finds it difficult to take on a task because it seems extremely difficult. However, if you break it down into small steps and begin to implement it gradually, you will find that it is quite easy to complete.
To illustrate, let’s look at an example of how Franklin’s planning pyramid can help you organize the launch of a podcast studio.
1. Life values are the foundation of the pyramid:
Our main principle is the desire to achieve financial anhui mobile phone number list independence and create a quality product for our clients.
2. Global goal:
Open the best network of podcast studios in Russia with a profit of 20 million rubles per month in 10 years.
3. General plan:
- Research the local market and identify your target audience.
- Draw up a business plan, taking into account all capital and monthly costs and sources of cash inflow.
- Develop a unique concept, a feature of the studio.
- Find funding: investors or your own investments.
- Find premises, equipment, prepare technically.
- Make repairs, hire staff.
- Launch a marketing campaign.
- Achieve stable profit.
- Open a second studio in the city.
- Create a network of podcast studios across Russia.
4. Long-term plan:
For the next three years:
1) Study the local market, raise money, prepare a business plan, develop a concept – by January 2026.
2) Find premises, make repairs, purchase equipment, find employees and start work – by January 2027.