New year, new hope! Let͛s be honest, 2017 was quite a turbulent year, with an unexpected election, currency and interest fluctuations, economic uncertainty and international political unrest. Putting that to one side, it͛s worth remembering we can only focus on what we do and much of the turbulence out there is beyond our control.
So, if you are in business how do you cut out all the ͞noise͟ and focus on what really matters?
The most profitable businesses we act for all have one thing in common – they plan ahead. They have a target which they regularly monitor to see how they are doing and they are flexible enough to change direction if needs be. Writing and implementing a clear plan to drive the growth of your business is essential and probably the single most important thing you can do in January. The three main benefits are:
- Planning helps you by providing guidelines and goals for future decisions.
- It helps you exercise more control in a situation, establish goals͚proactively͛ and consider contingencies.
- It can help ensure a set of actions are implemented that are consistent with your values and priorities.
So how do you start this? Firstly, take some time out in early January to write down your personal objectives such as income, time away from work, health etc., and then look at what your business should be doing over the next year.
- Market Position
- Customer Services
- Quality and others
Have a good think about what your business will look like in 12 months time and then write down some targets. Measure these monthly, know your key performance indicators and be prepared to change direction now and again!
If you are thinking of writing your 2018 business plan, please talk to us. We have some tools and templates that may be of use and we would be delighted to sit with you and help to formulate your plan.
Best regards for the festive season and remember we are here to help you achieve your goals!