It’s November and the Holiday Season is almost upon us. This is also the time to begin preparing budgets, setting goals, and establishing priorities for the new year.
Here are three tips to help get your planning process started:
- Review past performance – Take a look at the business goals you set. Did you achieve them all? If so, maybe they weren’t challenging enough? If not, what were the reasons? Gather feedback from your staff on what worked and what didn’t. And for every obstacle, challenge or “mistake” that kept you from reaching your goals, identify something positive you can take from the experience to help you in the new year.
- Set key priorities and goals – Determining your company’s priorities for the next year will help you set better boundaries and keep you and your team focused on what matters most. In addition to setting financial goals and priorities, be sure to set social and environmental goals as well. This could include setting targets for employee volunteer hours; energy and water reduction; and employee training and development – just to name a few.
- Plan for success – Start by blocking time in your calendar for monthly reviews. This will help ensure you take the time to evaluate your company’s performance against goals on a consistent basis. Next, set up the appropriate reporting tools measure and monitor performance. Consider one of the many affordable Key Performance Indicator (KPI) Dashboard cloud services available today. And for each key project you identified in your planning process, create a simple project plan.
Hopefully, these tips will help you get your new year planning off to a great start.