In this episode of The Building Bigger Lives Podcast, Kathryn and Michael discuss the four foundational elements of business building: vision, plan, playbook, and scorecard. They explain why vision comes first as it sets the compass for the future direction and helps attract people to invest time and energy in the business. Michael describes how planning involves SMART goals and the distinction between disciplines (repeated activities) and projects (specific improvements with due dates). They clarified the difference between a playbook, which documents standards and best practices that consistently work over time, and a plan, which is more tactical and subject to change. The discussion includes how scorecards track both financial outcomes and leading indicators to measure consistency and quality of effort. Kathryn adds a fifth element, review, to complete the cycle and ensure continuous improvement. Michael suggests that business leaders review their documented vision to determine if it describes the past, present, or future, and use that assessment to guide updates to their plan, playbook, and scorecard.

Building Bigger Lives Podcast

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Contact Kathryn Pedersen-

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